Australian Vanadium Ltd subsidiary VSUN Energy has signed a Memorandum of Understanding (MoU) with North Harbour Clean Energy (NHCE).
The non-exclusive MoU provides a framework for the two companies to assess market opportunities for vanadium redox flow battery (VRFB) installations, including potential for local manufacture or assembly of VRFBs and leasing facilities for vanadium electrolyte.
The MoU will allow VSUN Energy to help to facilitate the development of VRFBs into existing and future projects being developed by NCHE.
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