Flow battery players Redflow and Invinity target US market with collaborations
- Flow battery firms Redflow as well as Invinity Energy Systems are targeting the United States market with partnerships with third parties.
Australia-based Redflow, which produces a battery storage option using zinc-bromine innovation, has authorized a master service agreement (MSA) with international engineering, procurement as well as building (EPC) services strong Black & Veatch.
The MSA implies that Redflow is now on Black & Veatch's list of authorized vendors, enhancing the procurement of its zinc-bromine energy storage batteries.
Redflow claimed the agreement, announced 17 August, will certainly open doors for the implementation of its product in the United States and also various other markets. Black & Veatch has installed greater than 2,500 MWh of battery storage space projects to-date.
Commenting on the MSA, Redflow chief executive officer Tim Harris stated: "It substantially advances Redflow's technique of constructing a solid network of EPC partnerships that will certainly underpin increased deployment of our energy storage batteries internationally.
" Redflow as well as Black & Veatch have actually already been teaming up on a variety of interesting project possibilities in the US that are in Redflow's pipe."
As Energy-Storage. news reported lately, Redflow just recently momentarily halted trading of its shares on the ASX to complete a funding raise which it later disclosed deserved AU$ 5 million (US$ 3.44 million).
Invinity Energy Systems
A day prior to Redflow's statement, vanadium redox flow battery company Invinity Energy Systems introduced a memorandum of understanding (MOU) with U.S. Vanadium, a firm generating vanadium products consisting of electrolyte for flow batteries, to produce a joint endeavor (JV) targeting the US market.
The JV will certainly concentrate on structure and also marketing vanadium flow batteries in the United States market as well as the MOU outlines its principal terms, specifically being a 50:50 entity combining Invinity's flow battery expertise with USV's domestically generated supply of vanadium electrolyte.
" No business has actually set up even more flow battery devices than Invinity as well as our team believe no firm can currently match the capability U.S. Vanadium has to produce ultra-high-purity vanadium and vanadium electrolyte," said Mark Smith, Chief Executive Officer of U.S. Vanadium.
A press release claimed the JV anticipates to benefit from recent incentives for energy storage space and that the recent Inflation Reduction Act regulations has placed a further emphasis on US production, in accordance with the intended objective of the JV.
The Act, passed last week, has actually offered flow batteries their ideal possibility ever at displacing lithium-ion as the dominant battery chemistry for stationary energy storage, or at the very least signing up with lithium on top table, according to energy industry attorney Morten Lund, a partner at United States strong Stoel Rives. Read our long-form piece on the topic published today.
United state Vanadium has actually currently just recently partnered with an additional vanadium flow battery group, CellCube, to expand the production capacity at its Hot Springs facility, off the back of a large order by the Austria-based company. CellCube later after that establish a United States subsidiary to target the market.
Invinity last week announced it had actually energised a 1.8 MWh system at a green hydrogen project on Orkney Island, Scotland