American Vanadium Corp. (www.americanvanadium.com), a mining company developing its world class Nevada-based vanadium deposit, has entered into a business relationship with Gildmeister energy solutions of Germany, part of Gildemeister group (www.gildemeister.com), which holds a leading position worldwide as a producer of cutting machine tools as well as integrated energy solutions for the production, storage, and use of renewable energies. The two companies have unveiled their memorandum of understanding to explore various joint venture and partnership arrangements with the objective of being a leading provider of energy storage and micro grid solutions in North America.
“Using Gildmeister’s commercialized CellCube energy storage system and American Vanadium’s stably priced supply of high purity vanadium electrolyte, the companies together present a unique opportunity to cooperate in the U.S. to supply the growing energy storage and renewable energy market,” said Ron MacDonald, Executive Chairman of American Vanadium.
“The companies will examine various business models that allow for the rapid and economic adaption of Vanadium Redox Flow Batteries,” said Lars Möllenhoff, (Managing Director of Cellstrom GmbH, part of Gildmeister energy solutions). “We have commercialized a unique storage device with our CellCube, a powerful, durable and low maintenance large scale vanadium redox flow battery that can incorporated into everyday energy systems. Our battery system ensures a clean, emission-free energy supply at all times, characterized by high reliability, high stability and fast reaction times.”
Filed Under: Energy storage, News