V battery preferred choice by China17 Mar 2021 09:45
http://www.spartonres.ca/news/press-release-march-16-2021/
“Vanadium flow batteries have been recommended by the China Central Government as the technology of choice for large scale integrated battery installations.”
TORONTO, ONTARIO, March 16, 2021. Sparton Resources Inc. (TSXV.SRI) (“Sparton”or the “Company”) is pleased to announce that VRB Energy Inc. (“VRB”) reported, on March 15, 2021 an agreement signed on March 4th 2021, to build China’s largest photo voltaic (“PV”) solar integrated battery system in Hubei Province. Sparton owns a minority interest in VRB and was instrumental in organizing the acquisition and reactivation of VRB by the current majority shareholder High Power Exploration (“HPX”).
VRB’s Chairman Robert Friedland and CEO Mianyan Huang reported on the four-party agreement to build in phases, a 500 MWh PV and energy storage power station integrating VRB’s vanadium flow battery energy storage system (“VRB-ESS”). The project will be located in Xiangyang, Hubei Province at a new industrial park complex that will include a VRB-ESS manufacturing “Gigafactory”, and a vanadium flow battery energy research and development institute. It will eventually generate 1000 megawatts (1 GW) of power annually.