VanadiumCorp and CENELEST test next-generation electrolyte for vanadium redox flow batteries for mobile applications

VANCOUVER, British Columbia, 08 Dec. 28, 2020 (GLOBE NEWSWIRE) — VanadiumCorp Resource Inc. (TSX VENTURE: “VRB”) (OTCBB: “APAFF”) (FRANKFURT: “NWN”) (the “Company”) is pleased to announce the extensive testing of the electrolyte of vanadium bromide “V-Br” for VanadiumCorp by CENELEST, the German-Australian Alliance for Electrochemical Technologies for Renewable Energy Storage. The tests are part of the trilateral project (CENELEST-VanadiumCorp) focused on achieving a higher energy density vanadium electrolyte and successful operation in an advanced vanadium redox flow battery cell.

CENELEST research and development for this project has been and is being carried out at both the University of New South Wales “UNSW” Sydney, Australia and the Fraunhofer Institute for Chemical Technology “ICT” in Germany, Europe. The three parties provided technologies and several supplies for the V-Br electrolyte project. The V-Br electrolyte represents the potential for a revolutionary advance in the vanadium flow battery that could enable safe, long-lasting “zero emission” electrochemical power for mobile applications (heavy vehicles, trains, ships and many other industries). others) that require higher energy density battery systems were previously only possible with lithium-ion.

The work carried out by VanadiumCorp-CENELEST in 2020 includes the formulation of the V-Br electrolyte, the characterization of the physicochemical properties of the electrolyte, the selection of cell component materials and the cell performance tests. VanadiumCorp will present progress on the vanadium electrolyte and cell in the first quarter of 2021. V-Br’s work follows pioneering research that UNSW Engineering has conducted since the 1980s on vanadium flow battery systems, which were led by their creator, Emeritus Professor Maria Skyllas-Kazacos. who has also been a member of the VanadiumCorp Advisory Board since 2011.

A higher energy density V-Br electrolyte and advances in cell architecture could represent two to three times (2 to 3X) the energy stored and made available by a conventional VRFB. The implications for global sustainability and the transition of various industries to zero emissions could be a game-changer.

Adriaan Bakker, CEO of VanadiumCorp, “We are at the forefront of VRFB innovation with CENELEST which could facilitate the electrification of fixed and mobile applications. Vanadium is the only renewable metal in energy storage, and we plan to produce it with our 100% owned green technology as green fuel in energy storage which can be scaled to any size.

About CENELEST – The German-Australian Alliance for Electrochemical Technologies for Renewable Energy Storage

The ever-increasing proportion of renewable energy supplied to the grid means that energy storage systems are becoming increasingly important. Until now, very few energy storage technologies have been able to reach the required levels of technical maturity at competitive costs, especially in the field of electricity storage. Since 2017, the Fraunhofer Institute of Chemical Technology (ICT) and the University of New South Wales (UNSW) have been working closely together in an alliance to intensify research activities in the field of electrochemical energy storage and to create a joint international research center for stationary systems. energy storage (CENELEST) at UNSW in Sydney, Australia.

This cooperation aims to strengthen world-class expertise in redox flow batteries, and at the same time to develop other types of batteries and fuel cells in order to cover all electrochemical energy storage needs. Through the exchange of already existing extensive knowledge, state-of-the-art modern equipment and research networks, topics can be tackled more effectively than would be possible with the partners acting individually. As part of this process, common search preferences were established and launched at an early stage. These activities are continuously developed through the exchange of researchers and students between the institutions. This makes it possible to take into account innovative research with complementary themes on the economic operation of energy storage solutions both in general and in connection with renewable energy networks. Within the framework of the articulation between basic research (UNSW: simulation, materials, heat transfer, rapid prototyping, chemistry) and applied research (Fraunhofer ICT: electrochemistry, cells, systems, production) the work is not only focused on scientific skills, but also on the requirements of industry. This allows industry easier access to the vast capabilities of both institutions. In addition to basic skills, this also allows for in-depth analysis of cross-disciplinary issues, for example with the areas of weather forecasting, control systems, grid integration, as well as social, safety and security aspects. life cycle assessment.

The Fraunhofer Institute of Chemical Technology (ICT) and the University of New South Wales (UNSW) are working closely together in an alliance to intensify research activities in the field of chemical storage systems. electrochemical energy and to create a joint international research center for stationary energy storage. (CENELEST) at UNSW in Sydney, Australia. The objective of this cooperation is to strengthen world-class expertise in redox flow batteries, and to develop other types of batteries and fuel cells in parallel in order to cover all energy storage needs. electrochemical for renewable energies.

About VanadiumCorp

The Company is focused on the commercial development of its 100% owned VanadiumCorp-Electrochem “VEPT” process technology, a green and efficient chemical process invented by Dr. François Cardarelli, which deals with the recovery of vanadium, iron, titanium and silica from raw materials. such as vanadiferous titano-magnetite, iron ores and other industrial by-products containing vanadium. Additionally, VanadiumCorp’s mandate is to become a strategic supplier of next-generation renewable vanadium electrolyte for redox flow batteries and other high-purity applications that benefit most from exclusively green, cost-effective vanadium. VanadiumCorp Resource Inc. plans to license VEPT globally and integrate VEPT into the development of the flagship 100% vanadium-titanium-iron Lac Doré project adjacent to the Blackrock Metals Inc. property, which is currently licensed to construct a mine and plant to produce vanadium-rich magnetite concentrate. VanadiumCorp offers investors leverage in vanadium, titanium and iron in the mining-friendly and geopolitically stable jurisdiction of Quebec, Canada. Green recovery technology, primary vanadium resource size, superior grades and well-developed infrastructure place VanadiumCorp in a valuable strategic position to take advantage of the strong vanadium market, driven by supply shortages and growing demand from Chinese and global steel industries, as well as the rapidly emerging renewable use of vanadium in sustainable energy storage for stationary to limitless applications. Infrastructure near Lac Doré includes a 161 kV hydroelectric plant at approximately 0.02 kWh, the CN rail line, available water, a local airport and a mining community of over 7,000 people in the town of Chibougamau.

On behalf of the VanadiumCorp Board of Directors:

Adrian Baker

President and CEO

For more information:

Adrian Bakker,
President and Chief Executive Officer, VanadiumCorp Resource Inc. (TSX-V: “VRB”)
By phone: 604-385-4489
By email: [email protected]
Website: www.vanadiumcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary note – The information in this press release includes certain “forward-looking statements.” All statements, other than statements of historical fact, included herein, including, without limitation, plans and intentions regarding the Company’s properties, statements regarding intentions regarding obligations due for various projects, strategic alternatives, amount of resources or reserves, timing of authorization, construction and production and other milestones, are forward-looking statements. Statements regarding mineral reserves and mineral resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and the mining results if the project were developed and mined in the manner described. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from VRB’s expectations include uncertainties regarding the need for additional financing to explore and develop properties and the availability of financing in the debt and capital markets; uncertainties related to the interpretation of drilling and geological test results and the estimation of reserves and resources; the need for cooperation of government agencies and local groups in the exploration and development of properties; and the need for permits and government approval. VRB’s forward-looking statements reflect the beliefs, opinions and projections of management as of the date the statements are made. VRB assumes no obligation to update forward-looking statements if beliefs, opinions, projections, or should other factors change.

About Clara Barnard

Check Also

Clearly 10% more expensive than quick loans.

 When a product is purchased through an e-store, this is extremely often done today …