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VanadiumCorp Forms Subsidiary and Acquires Facility for VRFB Production in Germany
VanadiumCorp Resource Inc. (TSX-V: VRB) (Fra: NWN) is pleased to announce it has formed a wholly owned subsidiary of VanadiumCorp Resource Inc. focused on next generation vanadium redox flow battery “VRFB” development in Germany named VanadiumCorp GmbH.
VanadiumCorp GmbH introduces XRG® as next generation energy storage technology powered by its own supply chain. Components are both manufactured sustainably and are 100% reusable & recyclable. With the lowest cost and carbon footprint, XRG intends to revolutionize energy projects, renewable energy and entire power grids. The facility for planned production is now acquired in Rastatt close to Karlsruhe, Germany and construction will commence this month. Partnerships locally will provide further product evolution. XRG® is a VanadiumCorp GmbH technology. More information is available at www.xrg.com.
VanadiumCorp is developing dedicated vanadium supply and disruptive technologies for energy storage with a 100% green mandate.
Posted November 7, 2019
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