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American Vanadium signs Gildemeister battery deal

Keywords: Tags  American Vanadium, Gildemeister Energy Solutions, vanadium, vanadium pentoxide, Gibellini project, Nevada mine, Daniel Fitzgerald

NEW YORK — American Vanadium Corp. has entered into an agreement to market and sell Gildemeister Energy Solutions’ CellCube vanadium redox flow batteries in North America.

While Vancouver, British Columbia-based American Vanadium will immediately start sales using commercially available vanadium electrolyte, the goal is to integrate its own electrolyte supply from its Gibellini Mine in Nevada, which is currently in the permitting phase.

The company will market Gildemeister’s technology for use in wind and solar generators, emergency and remote power applications, grid reliability, and efficiency optimization for commercial, industrial and military applications, American Vanadium president and chief executive officer Bill Radvak said in a statement May 22.

The two companies signed a memorandum of understanding in February to explore partnership opportunities for energy storage in the North American market (, Feb. 19).

"With Gildemeister as the world leader in commercial production of vanadium redox flow batteries, and American Vanadium having the only commercially viable source of high-quality vanadium in North America, there are tremendous advantages to the development of the North American market for our CellCube energy storage system," Lars Mollenhoff, managing director of Gildemeister subsidiary Cellstrom GmbH, said in a statement.

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