MoU signals strong growth opportunities for the Australian VRFB market
Energy Storage Publishing
Australian Vanadium has signed a non-binding memorandum of understanding (MoU) with Singapore based vanadium redox flow battery (VRFB) manufacturer, V-Flow Tech.
The MoU includes potential formal agreements in relation to sales, service and maintenance of V-Flow’s VRFBs in Australia, vanadium pentoxide off take arrangements, vanadium electrolyte manufacture and supply in Australia.
The MoU is for a term of two years with an option to renew for a further 12 months.
V-Flow’s small VRFB is now available via Australian Vanadium’s 100% owned subsidiary VSUN Energy to small commercial and residential market sectors in Australia.
Dr Avishek Kumar, CEO of V-Flow said: “Australia has great potential for small to mid-size batteries for household and remote microgrid application.”
V-Flow’s technology can operate between -10°C to +55°C without active cooling. The batteries have a lifespan of 25 years, with a stable performance guarantee.