StorEn Secures Long-Term Vanadium Supply through Binding Agreement with Multicom Resources
Updated: Jan 7
StorEn and Australia-based Vanadium mine developer Multicom Resources Pty Ltd (Multicom) have entered into a binding agreement to establish a vertically integrated supply chain model for the low-cost manufacturing, sale and distribution of StorEn proprietary Vanadium Flow Batteries . StorEn proprietary technology considerably reduces the manufacturing cost of Vanadium Flow Batteries . The final hurdle to their widespread adoption remains the ability for manufacturers to secure a stable long-term supply of vanadium pentoxide to underpin mass production.