American Vanadium Announces First Cellcube Vanadium Flow Battery Installation In America
20 February 2014 - 1:15AM
Access Wire
February 19, 2014
- AMERICAN VANADIUM
CORP. ("American Vanadium" or the "Company") (TSX.V:
AVC) (OTCQX: AVCVF) announces that the US Department of Energy's
National Renewable Energy Laboratory ("NREL") will evaluate and
demonstrate the CellCube vanadium redox flow energy storage system
at its state-of-the-art testing facility. After the demonstration
of the energy storage system at NREL's facility in Golden,
Colorado, the CellCube is designated for sale to a US
utility.
"Given the strong interest
received from utilities, solar developers, integrators and other
potential customers, this demonstration of the CellCube at the
premier independent testing facility of the US Department of Energy
is a critical step for our Company," said Bill Radvak, President
& CEO of American Vanadium Corp. "A number of leading
utilities, integrators and developers will be participating and
observing the operation of the CellCube, and we welcome other
interested customers and partners to join us with this important
demonstration."
American Vanadium is the
master sales agent for the CellCube energy storage system in North
America. The CellCube is a fully commercial system that has been
sold and installed across Europe, Asia and Africa, with more than
50 systems currently in operation at customer sites worldwide. The
CellCube system is modular and can serve loads from 10kW to
multi-MWs, and, as a flow battery, the system excels at providing
multiple hours of energy for long-duration requirements.
As the US Energy Department's
only national laboratory focused on renewable energy and energy
efficiency, NREL is uniquely positioned to help inform and guide
energy system transformation. NREL complements its scientific
research with high-quality, credible, technology-neutral and
objective analysis that spans the entire energy portfolio. They
inform policy and investment decisions, as renewable energy and
energy efficiency technologies move from concept to
commercialization to market penetration. NREL is a
government-owned, contractor-operated facility; it is funded
through the U.S Department of Energy.
About American Vanadium Corp.
American Vanadium is an integrated
energy storage company that markets and sells GILDEMEISTER'S
CellCube vanadium redox flow batteries in North America. American
Vanadium is developing the only vanadium mine in the United States,
providing a critical source of vanadium electrolyte for CellCube
energy storage systems. The Company's Gibellini Vanadium Project,
located in Nevada, is being designed to economically produce
vanadium electrolyte for the energy storage industry, as well as
vanadium products for the steel and alloying industries.
ON BEHALF OF THE BOARD
Bill Radvak, President and CEO
For further information, please contact:
Dan Schieber, Director,
Corporate Finance
(604) 681-8588 X 106
dschieber@americanvanadium.com
www.americanvanadium.com
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