Australian Vanadium signs MoU for energy storage opportunities using vanadium redox flow battery technology
Proactive Investors
Australian Vanadium Ltd has signed a non-binding memorandum of understanding (MoU) with Metrowest Power Systems to facilitate energy storage opportunities using vanadium redox flow battery (VRFB) technology.
Metrowest’s proven track record and networks in industrial and utility sectors, combined with the financial, marketing and technical capabilities of AVL and its subsidiary VSUN Energy, will provide the MoU participants the ability to tackle larger projects and rival prominent market players.