Date: Nov 16, 2018

Protean Energy’s Perth vanadium battery is working as planned, successfully hooking into the local grid and doing two charge-discharge cycles a day.

The successful trial and project completion means a release of the $120,000 funding from the Korean Institute of Energy Technology Evaluation and Planning (KETEP) – the organisation which is funding the trial.

Protean (ASX:POW) says its 60 per cent-owned Korean affiliate KORID Energy is already fielding offers of interest in South East Asia in the battery.

KORID was recently awarded approximately $3 million in funding for its part in a significant multiparty 1MW/4MWh vanadium battery project from KETEP.

Perth trial a success

The ‘plug and play’ 25kW/100kWh V-KOR vanadium redox flow battery (VFRB) was switched on at industrial fittings supplier OzLinc Industries in Perth, in June.

Tests included charging from solar only, grid only and solar/grid.

“The project has been extremely valuable for understanding the implementation requirements for projects in the Australian region,” said Protean chairman Bevan Tarratt.

“It has provided important insights into the development of our flagship 25kW stack development and we have identified customer segments that can benefit from the company’s value proposition.

“This is now helping refine the commercialisation program for the 25kW stack, and we are focused on delivering a highly efficient, low-cost 25kW stack that will competitively position V-KOR for large-scale battery configurations.”

To read full article please click here