Date: Dec 4, 2018

It is reported that HBIS Chengde Steel and Sumitomo signed a memorandum on Nov. 27 on technology cooperation of the industrialization of vanadium redox battery (VRB) energy storage system. The two sides will further deepen cooperations in fields such as vanadium battery technology development and market development, making full use of their complementary advantages to promote the development of China’s vanadium battery market, the construction of projects, the extension of vanadium resources industry chain, and the development of vanadium redox battery energy storage industry.

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