BEIJING (Asian Metal) 23 Aug 19 – On August 20, Australian Vanadium Limited (“the Company” or “AVL”) announced that it has signed a non-binding Memorandum of Understanding (MOU) with Metrowest Power Systems (“Metrowest”), to facilitate opportunities for both companies.
Metrowest delivers high-end critical Uninterruptible Power Supply (UPS) systems and through the strength of the Metrowest Group, provides EPC capability. AVL’s 100% owned subsidiary, VSUN Energy provides promotion, installation and maintenance of energy storage solutions using vanadium redox flow batteries (VRFB). The MOU will facilitate the installation of energy storage solutions using VRFB technology.
The MOU is for an initial term of 12 months, during which time the parties will investigate the potential to formalize the partnership. The MOU may be terminated by either party, giving no less than 30 days written notice to each other party.
VSUN Energy alongside Metrowest will continue to offer VRFB from a variety of manufacturers, with joint projects being focused on 250kW/1MWh up to the multi-megawatt size.
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