Australian Vanadium signs flow battery project development MoU
Energy Storage
Australian Vanadium, a startup looking to establish a vertically integrated vanadium flow battery business, has signed a Memorandum of Understanding (MoU) with developer North Harbour Clean Energy (NHCE).
NHCE is focused on developing long-duration energy storage capacity at pumped hydro energy storage (PHES) and vanadium redox flow battery (VRFB) sites, having identified strong fundamental market drivers for the technologies as Australia moves away from fossil fuels.