TNG, SEI and EMC have agreed to jointly work on the promotion of vanadium redox flow batteries in Australia and their integration with existing generating systems across the country. Under the MoU, each company will address key aspects of the venture, including but not limited to: The supply of vanadium electrolyte from the Mount Peake Project – TNG; The supply of VRF containerised systems – SEI; and The supply of a compatible "balance of plant" – EMC A demonstration VRF supplied by SEI will be deployed in Australia The collaboration creates a platform for the three companies to drive the growth of one of the most exciting emerging renewable market segments in Australia’s energy sector.
TNG Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
