NEW YORK American Vanadium Corp. has signed a memorandum
of understanding with Gildemeister Energy Solutions to explore
partnership opportunities for vanadium-based energy storage in
the North American market.
Gildemeisters fully developed and commercialized energy
storage technology and American Vanadiums supply of
vanadium electrolyte presented a unique opportunity to
cooperate in the U.S. to rapidly supply the growing energy
storage and renewable energy market, Vancouver, British
Columbia-based American Vanadium said.
American Vanadium opted to partner with Gildemeister because
the German company was the most advanced
developmentally, chief executive officer Bill Radvak told
AMM Feb. 19, adding that the two companies value the
North American market very strongly.
The North American markets relative lag behind the
European and Asian markets in adopting alternative energy
storage technology means that it represents the greatest growth
opportunity, Radvak said.
I think the U.S. is the furthest behind globally, but
that also means the U.S. has a much greater need than anybody
globally, he said.
Indeed, senior executives from both American Vanadium and
Gildemeister are in New York this week to meet with senior
state, municipal and transit officials.
New York has the worlds biggest electrical grid and
its the oldest, so it will need the most updating,
Radvak told AMM
The company is still on track to start up its Gibellini
vanadium mine in Nevada in 2015, with the company adopting a
pretty aggressive schedule that should see the site
obtain the necessary permitting in 2014, he said.
The Gibellini project is expect to produce up to 11.4 million
pounds of vanadium pentoxide annually, at what would be the
only operating vanadium mine in the United States (
amm.com, Dec. 28