VFlowTech announces its partnership with Advario.
Under the partnership agreement, the two companies will explore working together to expand the use of flow batteries for terminal usage across key markets.
Advario will contribute to the project’s development by providing land for the deployment of the flow batteries, supplying renewable energy from its solar panels deployed at the tank rooftops to charge the flow batteries, and leveraging its knowledge of operating systems and storage infrastructure in selecting the appropriate tanks to test the storage of renewable energy in flow batteries.
Advario is extremely optimistic that this partnership will fuel long-term value creation and business efficiency with a positive impact on the environment.
Dr Avishek Kumar, Co-founder and CEO of VFlowTech, said: “We are delighted to partner with Advario on this important initiative to expand flow batteries for terminal usage. Advario brings great experience of handling chemicals, which is one of the key requirements to scale flow batteries. Our consortium was among one of the three awarded projects under the $6 million grant to test-bed new clean energy innovations on Jurong Island which is a validation of our project. We aim to work together with Advario in demonstrating the innovative deployment of vanadium redox flow energy storage systems (VRF-ESS) in storage tank infrastructure on Jurong Island. The use of existing tanks offers an exciting opportunity to scale flow batteries in a cost and space efficient way.”
Snehashish Chatterjee, Vice President Southeast Asia of Advario, said: “Today marks an important milestone in Advario’s contribution to the energy transition, where we will work together with a forward thinking and like-minded partner like VFlowTech. We are confident that this scalable solution will drive positive change in the way the world stores energy, leading us to a cleaner future.”
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