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Phenom Resources Corp Com V.FVAN


Primary Symbol: FVANF

First Vanadium Corp is a Canada based exploration company which is engaged in the acquisition, exploration, and evaluation of mineral properties. The company's exploration projects include Carlin Vanadium Properties and West Jerome properties. Its operations are limited to a single industry segment, being the acquisition, exploration and development of mineral properties.


OTCQX:FVANF - Post by User

Post by portteron Oct 31, 2018 10:40pm
109 Views
Post# 28905742

VRB/SRI owns 18%

VRB/SRI owns 18%

VRB® Energy Commissions 3MW 12MWh Vanadium Redox Battery Energy Storage System (VRB-ESS®)

VRB® Energy Commissions 3MW 12MWh Vanadium Redox Battery Energy Storage System (VRB-ESS®) in Phase 1 of the Hubei Zaoyang 10MW 40MWh Utility-Scale Solar and Storage Integration Demonstration Project.

BEIJING and VANCOUVER, British Columbia, October 31, 2018 — Robert Friedland, Chairman of VRB®Energy, and Dr. Mianyan Huang, Chief Technology Officer and President of China Operations, are pleased to announce today that commissioning of a 3-megawatt (MW) 12-megawatt-hour (MWh) vanadium-redox-battery energy-storage-system (VRB-ESS®) in China is currently underway, with the first battery module of 250-kilowatt (kW) 1MWh successfully commissioned.

The 3MW 12MWh VRB-ESS currently being installed in Zaoyang, Hubei to integrate a large solar photovoltaic system into the grid is the first phase of a 10MW 40MWh project that VRB Energy was awarded in November 2017.

“We are delighted to have successfully integrated the first module of a 1MW 4MWh VRB-ESS into the local grid, allowing our customer Hubei Pingfan to immediately benefit from cost-savings on peak-hour electricity tariffs through energy arbitrage at its industrial park,” said Dr. Huang. “By charging the VRB-ESS at hours when electricity tariff is low and then discharging that power during on-peak hours when electricity tariff is high, our customer will be able to reduce the cost of expensive on-peak power.”

When Phase 1 is completed by the end of 2018, the VRB-ESS will be the largest vanadium flow battery installed in China.

Following this 10MW 40MWh project, Hubei Province has planned a larger 100MW 500MWh energy storage project, to fulfill a key initiative under China’s 2017 energy storage policy to deploy multiple 100 MW-scale vanadium flow batteries. This large project will be the cornerstone of a new smart-energy grid in Hubei, serving as a critical peak power plant to deliver energy reliability and reduce emissions.

 

Photo: VRB Energy’s quality assurance team performing final inspections of a 250kW 1MWh battery module, part of the 1MW 4MWh VRB-ESS.

 

Photo: Electrolyte tanks installed for the 3MW 12MWh VRB-ESS at the Hubei Zaoyang project.

 

About VRB Energy
VRB Energy, formerly known as Pu Neng, is a fast-growing, privately-held clean technology innovator. The company has developed the most reliable, longest-lasting vanadium flow battery in the world, with more than 30 megawatt-hours installed and in construction worldwide, and more than 800,000 hours of demonstrated performance. The combination of VRB Energy’s proprietary low-cost ion-exchange membrane, long-life electrolyte formulation and innovative flow cell design sets it apart from other providers.

VRB Energy’s vanadium redox battery (VRB®) systems store energy in liquid electrolyte in a patented process based on the reduction and oxidation of ionic forms of the element vanadium. This is a nearly infinitely repeatable process that is safe, reliable, and non-toxic. Components can be nearly 100% recycled at end of-life, dramatically improving lifecycle economics and environmental benefits compared to lead-acid, lithium-ion and other battery systems.

VRB Energy is majority-owned by High Power Exploration (HPX), a metals-focused exploration company that also invests in minerals-dependent, high-growth emerging technologies. HPX is a subsidiary of I-Pulse, a global leader in developing innovative commercial applications for pulsed power technologies that convert small amounts of electrical energy into limitless power to address a broad and growing suite of applications across multiple industrial markets.  I-Pulse is a private company with offices in San Francisco, London, Toulouse, Tokyo and Vancouver.

For more information on VRB Energy, HPX and I-Pulse, please visit our websites at www.vrbenergy.com, www.hpxploration.com, and www.ipulse-group.com.

Information contacts

Jim Stover
jim.stover@vrbenergy.com
+1 604 648 3900

Charles Ge
charlesge@vrbenergy.com
+86 186 7010 7777

David Baker
davidbaker@ivancorp.net
+1 604 648 3900

Kimberly Lim
kimberly.lim@ipulse-group.com
+1 604 689 8765


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