MOU for Vanadium Offtake, Electrolyte Supply and Battery Sales Agency

MOU and agreement signed with Enerox GmbH, manufacturer of the CellCube vanadium redox flow battery

• AVL signs Memorandum of Understanding with CellCube vanadium redox flow battery (VRFB) manufacturer Enerox GmbH.
• VSUN Energy signs Value Added Reseller Agreement with Enerox GmbH.
• Extensive Memorandum of Understanding includes development of:
  • Vanadium pentoxide offtake arrangements to support global VRFB sales by Enerox;
  • A vanadium electrolyte facility in Australia to supply Enerox battery installations and;
  • Assistance with arrangement of vanadium electrolyte leasing.
• Enerox GmbH is a global market leader of VRFBs based in Austria, with over 100 installations worldwide.