The project will trial Protean’s patented stack technology and is expected to run for 96 months.
Protean Energy Ltd’s (ASX:POW) 60%-owned subsidiary KORID Energy has started work on a 1 megawatt/4 megawatt-hour vanadium redox flow battery (VRFB).
The battery is being constructed in conjunction with the Korean Institute of Energy Technology Evaluation and Planning (KETEP) to demonstrate the most efficient vanadium battery solution for eventual mass production in South Korea.
It will also serve as a basis for developing an industry standard for vanadium batteries in Korea.
KORID recently received a funding commitment of $3 million from KETEP to install and run its patented V-KOR stack technology as part of the overall $9.7 million vanadium battery project.
The V-KOR stack technology is an energy storage system that stacks a series of repeating cell frames to form a number of cells within the overall battery stack.
This improves battery performance and lowers manufacturing costs compared to conventional VRFB technology.
KORID is developing the battery stack technology for large-scale electricity grid battery installations and considers the start of work a significant milestone.
Protean is focused on the commercialization of its V-KOR vanadium battery energy storage systems and holds a multi-energy mineral project in South Korea through its 50% holding in Stonehenge Korea Limited.
Stonehenge is a joint venture company with KOSDAQ-listed DST Co Ltd and owns 100% of three projects in South Korea, including the Daejon Vanadium Project.
The information contained in this article and provided by VanadiumCorp is sourced from third-party content in the public domain and is for general information purposes only, with no representation, guarantees of completeness, warranty of any kind, express or implied regarding the accuracy, adequacy, validity, availability, completeness, usefulness or timeliness of any information contained within. Please also excuse any syntax as authors and reposted articles are sourced from global origins. UNDER NO CIRCUMSTANCE SHALL WE HAVE LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THIS REPOSTED ARTICLE. THE USE OF THIS ARTICLE AND YOUR RELIANCE ON ANY INFORMATION CONTAINED HEREIN IS SOLELY AT YOUR OWN RISK. VANADIUMCORP ALSO ASSUMES NO RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS IN THE CONTENT OF THIS ARTICLE.