American Vanadium Corp. Secures Rights to Vanadium Electrolyte Technology from Battelle

American Vanadium Corp. (TSXV:AVC,OTC:AVCVF) signed a licensing agreement with Battelle for use of a mixed acid electrolyte technology developed at Pacific Northwest National Laboratory that increases the energy density and operating temperature range of vanadium redox flow batteries. PNNL will also independently evaluate the development of American Vanadium’s electrolyte, to be produced from its Gibellini Project in Nevada.

As quoted in the press release:

“Securing rights to this important intellectual property from a world leading research institute such as Battelle is a strong first step in our strategy to move up the value chain in the mass energy storage industry by leveraging the development of our Gibellini Project, America’s only vanadium deposit,” stated Bill Radvak, President & CEO of American Vanadium. “Grid scale energy storage is the foundation of renewable energies like wind and solar and the future of American energy distribution, and technical enhancements to vanadium flow batteries such as this will only increase their value in this rapidly growing market.”

Peter C. Christensen, commercialization manager at Pacific Northwest National Laboratory stated, “We are pleased to sign this agreement with American Vanadium to commercialize technologies funded by the Department of Energy. Grid scale energy storage is a growing area of focus for this Laboratory and the Department of Energy given the positive impact it will make on the grid when widely deployed. This license and American Vanadium’s work are significant steps in the right direction.”

Click here to read the American Vanadium Corp. (TSXV:AVC) press release
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