VANADIUM REDOX FLOW BATTERIES
The Vanadium Redox Flow Battery Energy Storage System (V-KOR) is a rechargeable flow battery that employs vanadium ions in different oxidation states to store energy in the form of two liquid electrolytes. VRFBs are proven to have excellent durability and life spans of 20 years plus can be expected. An important attribute of VRFB systems is that the energy capacity is independent of the power rating, allowing the storage system to be designed for highly specific energy and power requirements and making it well suited to applications with large energy capacity specifications. It also offers adaptability if requirements increase in the future. These batteries are currently used for grid scale energy storage applications where large-scale and long duration electrical energy storage is required and are an ideal solution for the broadening renewable energy generation sources such as wave, tidal, solar and wind.
Vanadium Redox Flow Batteries complement the Company’s Daejon Project asset in Korea, consisting of vanadium, a key element in the manufacture of the VRFBs.
The acquisition of this technology aligns with Protean’s strategy to offer hybrid energy solutions in the transition from fossil fuels to clean, affordable and reliable energy.