A recent collaboration between AGV Energy, a renewable energy consultancy in Malaysia, and TNG, a resources company based in Australia, may enable the integration of vanadium redox flow batteries into green hydrogen production technology.
TNG is a minerals and resources company that targets the market share of strategic metals markets and recently entered into a partnership with V-Flow Tech, a vanadium redox flow battery tech company based in Singapore.
On the other hand, AGV Energy is currently working on a technology to develop hydrogen from demineralized water electrolysis, which is powered by renewable energy. The company plans to use the solution, which has been dubbed HySustain, at its Green Hydrogen Project.
V-Flow Tech and TNG are currently working on forming a joint venture that will be focused on developing and commercializing green energy systems using vanadium redox flow battery technology for industrial and commercial applications and remote sites in Australia and other parts of the globe. The proposed agreement would involve flow batteries with vanadium electrolytes being used to feed electricity generated by solar power into electrolysers.
AGV Energy revealed that the vanadium redox flow batteries would be the company’s battery system of choice to be integrated into the HySustain solution. In a press statement last week, TNG stated that AGV Energy was in discussions with possible off takers for its green hydrogen project in the Asia-Pacific region. AGV Energy and TNG are also exploring opportunities to partner with other companies on commercializing HySustain in Australia and more opportunities to rollout vanadium redox flow batteries in Malaysia.
Paul Burton, CEO and managing director of TNG, stated that HySustain was a good opportunity to showcase and integrate vanadium redox flow battery storage solutions, noting that TNG intended to work with AGV on the possible deployment of HySustain in Australia, given the speed at which the country and the resources industry was moving towards a hydrogen-based economy.
In addition to this, TNG noted that its partnership with AGV Energy represented its vertical integration strategy, as AGV owned a mining site in Australia known as Mount Peake, which produces high-purity vanadium, as well as titanium and iron ore.
These aren’t the only companies venturing into the vanadium redox flow battery, with Largo Resources having recently launched Largo Clean Energy, a vanadium redox flow battery company, and its wholly owned subsidiary, which will be used to supply vanadium from the company’s mine in Brazil.
The vanadium flow batteries segment is attracting plenty of players, including StorEn Technologies Inc., and as more money is invested in this space, this method of storing energy is bound to gain traction among mainstream energy users.
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
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