batteries for ships.batteries for ships.
"Integrated green technology company VanadiumCorp Resource has entered into a memorandum of understanding (MoU) for a trilateral partnership with Conoship International Projects from the Netherlands and Vega Reederei and Partners from Germany.
Key engineering work is planned to commercially develop next-generation vanadium redox flow-battery (RFB) technology and high-energy-density electrolyte technologies for marine propulsion applications.
The MoU outlines a trilateral partnership to be incorporated as a special purpose vehicle (SPV). The SPV combines the shipping industry expertise of Conoship and Vega with technical innovations from VanadiumCorp.
The SPV will develop a next-generation RFB stack based on a breakthrough high-energy-density vanadium electrolyte that is specifically formulated for marine propulsion applications.
VanadiumCorp will contribute new flow-battery designs, a high-energy-density electrolyte formulation, manage research and development and provide access to its network of manufacturing partners.
Conoship will contribute marine engineering designs to integrate the more compact redox flow battery into the propulsion systems of marine vessels and ships.