American Vanadium Corp. recently announced that Newfound Energies has signed a purchase order, subject to financing, for two 30KW-130KWh CellCube vanadium flow energy storage systems for integration into a remote microgrid fuel and logistics center. This is the first purchase order American Vanadium has received as the North American agent for GILDEMEISTER energy solutions’ CellCubes.
A recent, independent report from Navigant Research shows that microgrids are emerging as a global phenomenon because they offer compelling features, including the ability to isolate themselves from the utility distribution system during power outages, and to employ the use of conventional fuels as well as integrate diverse renewable energy sources. The report also notes that advanced energy storage is expected to represent the single largest investment category among microgrid enabling technologies by 2023.
American Vanadium Corp.
Filed Under: Energy storage, News