–————————————————————————————————————————————-——
VRB Update – NEWS Page
|
||||
| SPARTON RESOURCES PROVIDES POSITIVE UPDATE OF VRB ENERGY ACTIVITIES |
||||
| With the current worldwide movement towards renewable energy, and industry and government mandates to become carbon neutral in the medium term, energy storage has become a very relevant topic. The battery industry is now at the forefront in these initiatives. On January 26, 2021, Dr. Mianyan Huang, the CEO of VRB Energy Inc. (“VRB”) presented a very positive update VRB’s recent activities in China and a review of its future plans, at the International Flow Battery Forum and Vanitec virtual conference. Sparton retains an approximate 10% ownership in VRB and is responsible for having organized the acquisition of VRB Energy, with majority owner HPX TechCo Inc., a company controlled by Robert Friedland Interests. After introducing VRB’s history and the growth of vanadium flow batteries in the energy storage industry, Dr. Huang provided several key take-aways on VRB’s progress and future: – VRB is expected to become vertically integrated and is poised to become completely price competitive with lithium and other technologies for safe, large scale energy storage; and – VRB has several large projects in late-stage negotiation. It is clear that these developments have the potential to add significant value to Sparton’s interest in VRB in the near term. |
||||
| Click on video to view highlights of Dr. Huang’s presentation (full 34 minute presentation further below) | ||||
| Dr. Huang’s full presentation: 34 minutes – Please note that there is a delay before the audio begins | ||||
|
||||
| For the listing of all the presentations at the VANITEC online conference (click here) | ||||
If you received this news release in error or wish to be removed from out email listing, click here |
||||
