EMC TNG SUMITOMO MoU

Carnegie’s wholly owned subsidiary Energy Made Clean (EMC) holds a Memorandum of Understanding (MoU) with Sumitomo Electric Industries (SEI) and TNG Limited (ASX: TNG) to jointly develop the Australian Vanadium Redox Flow (VRF) Battery market

The MoU allows the companies to assess the potential applications of VRF batteries in Australia through an initial joint demonstration project. EMC, TNG and SEI each contribute to their core competencies as well as cooperate on the marketing and sales of VRF.

The parties will jointly establish a VRF demonstration of commercial size in Australia to showcase SEI’s technology. EMC’s main role in this partnership is to identify specific development commercial project site opportunities, in addition to designing and supplying a compatible balance of plant (which is likely to include a solar PV farm) to integrate with the VRF containerised system being supplied by Sumitomo, as part of a complete solar and battery demonstration project.

VRF batteries are used to store electricity generated by solar and wind power and are fast becoming a preferred energy storage choice. VRF batteries have advantages over other systems due to their scalability, lifespan, charge retention, immediacy in energy release and suitability for grid connection.

 

visit SEI WEBSITE FOR MORE information visit TNG website for more information

RELATED INFORMATION