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Chinese Flow Batteries: Prudent Energy Lands $29.5M
Oct. 13, 2011 01:31PM PST
Battery Metals Investing
Greentechgrid reported that recent $29.5 million in funding will help Prudent Energy increase production of vanadium redox batteries.
Greentechgrid reported that recent $29.5 million in funding will help Prudent Energy increase production of vanadium redox batteries.
As quoted in the market news:
Prudent’s funding comes close on the heels of its sale of an 8-megawatt-hour energy storage system to State Grid Corp. of China, the massive Chinese utility that controls some four-fifths of that country’s electricity market. Prudent installed a 1-mWh system for SGCC in March as part of China’s National Wind Power Integration Research and Test Center, to test its ability to capture and discharge wind power to help balance that intermittent resource’s integration with the grid.