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American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) entered into a master sales agreement with Gildemeister energy solutions, where the Company will market and sell Gildemeister’s vanadium redox flow batteries in North America.
As quoted in the press release:
The CellCube is a commercially available energy storage system, with over 50 systems installed globally, that is capable of scaling to multi hour and multi megawatt size. While American Vanadium will immediately initiate sales efforts using commercially available vanadium electrolyte, the goal is to integrate its own electrolyte supply from its Gibellini Mine in Nevada which is currently in the permitting phase.
American Vanadium Corp. President and CEO, Bill Radvak said:
Coming quickly on the heels of our recently signed memorandum of understanding with GILDEMEISTER, this confirms the achievement of our goal of vertically integrating into an energy storage company that controls America’s only domestic supply of vanadium, the critical element in the vanadium redox flow batteries. Reliable and economic energy storage technologies have been cited as the ‘Holy Grail’ of the energy industry and, as a result of this agreement, American Vanadium will be able to immediately offer a market ready energy storage solution to wind and solar generators, emergency and remote power applications, as well as for grid reliability and efficiency optimization for commercial, industrial and military applications.
Click here to read the American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) press release
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