Image by Invinity Energy Systems (invinity.com) Invinity Energy Systems Plc (LON:IES) on Tuesday said it has signed a non-binding memorandum of understanding (MoU) with US Vanadium LLC to form a US-based joint venture (JV) to produce and sell vanadium flow batteries in the US to capture growing demand.
Vanadium flow batteries are a form of heavy-duty, stationary energy storage, used primarily in high-utilisation applications such as being coupled with industrial scale solar generation for distributed, low-carbon energy projects.
The company and Viettel Manufacturing Corporation inked a co-operation agreement (main picture) to manufacture its vanadium batteries in Vietnam for local market as well as for exporting to the global markets. Invinity Energy Systems is pleased to announce a 1.1 MWh sale to Taiwan’s National Applied Research Laboratories (“NARLabs”).
In a recent episode of the Climate Confident podcast, Tom Raftery had an insightful discussion with Matt Harper from Invinity Energy Systems, focusing on the role of vanadium flow batteries in shaping our sustainable energy future. Vanadium could be the answer to using solar and wind round the clock.
Australian vanadium redox flow battery (VRFB) developer Thorion Energy has selected Vietnam as the manufacturing site for its batteries. The company and Viettel Manufacturing Corporation inked a co-operation agreement (main picture) to manufacture its vanadium batteries in Vietnam for local market as well as for exporting to the global markets.
Vanadium flow batteries’ lower degradation than lithium-ion make it a good candidate to compete with lithium-ion for medium duration use cases (4-8 hours), and a potential solution for future long-duration energy storage (8-24 hours or more) needs.