Sunday, October 2 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Sep 26
Week of Sep 19
Week of Sep 12
Week of Sep 05
Week of Aug 29
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Invinity, US Vanadium plan JV to make vanadium flow batteries in US

    August 16, 2022 - SeeNews Renewables


      August 16 (Renewables Now) - Invinity Energy Systems Plc (LON:IES) on Tuesday said it has signed a non-binding memorandum of understanding (MoU) with US Vanadium LLC to form a US-based joint venture (JV) to produce and sell vanadium flow batteries in the US to capture growing demand.

      The JV will be equally owned by the companies and will bring together Invinity's flow battery expertise with US Vanadium’s production of vanadium and vanadium electrolyte in Arkansas.

      Invinity said that the Bipartisan Infrastructure Bill, enacted last year, the Inflation Reduction Act of 2022, which is expected to be signed into law this week, create a favourable environment for investment in energy transition infrastructure with an emphasis on US manufacturing and domestic content. The planned JV is expected to take advantage of US national, state and local incentives to produce and sell energy storage products.

      As part of the agreement, US Vanadium will contribute up to USD 500,000 (EUR 490,000) to help fund external costs in search for applicable US local, state and federal support along with other sources of industrial and commercial support.

      (USD 1 = EUR 0.981)


    Other Articles - Energy Storage


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.