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China Central Government Energy Storage Policy Encourages Use of Large Vanadium Flow Batteries
Oct. 25, 2017 08:16AM PST
Battery Metals Investing
Sparton Resources (TSX VENTURE:SRI) (“Sparton” or the “Company”) is pleased to report that that the Chinese Central Government has recognized battery technology as the key technology in the transition from fossil fuels to renewable energy. On September 22, 2017 the China National Development and Reform Commission (“NDRC”) and the National Energy Commission (“NEC”), jointly released …
Sparton Resources (TSX VENTURE:SRI) (“Sparton” or the “Company”) is pleased to report that that the Chinese Central Government has recognized battery technology as the key technology in the transition from fossil fuels to renewable energy.
On September 22, 2017 the China National Development and Reform Commission (“NDRC”) and the National Energy Commission (“NEC”), jointly released Document 1701, “Guidance on the Promotion of Energy Storage Technology and Industry Development”.
In this comprehensive and far reaching document, various private, State and Federal institutions, and energy generating utilities in China, are encouraged to support, further develop, and make expanded use of various forms of evolving energy storage technologies.
Importance for the Company
Through its 89.8% owned subsidiary company VanSpar Mining, Sparton holds a minority interest in PuNeng Energy (“PN”), a leading manufacturer of VRB with a China based factory and international sales program.