US vanadium flow battery manufacturer VionX Energy Corp has raised around $58.2 million (around €51.4million) in gross proceeds.
The sum leaves the Massachusetts-based energy storage firm, formerly known as Premium Power Corp., with a further $5million to reach its funding round target.
Electrical energy generated by Slovian restaurant Trojane’s solar power system will used to deliver up to 32kWh to the eatery via vanadium batteries supplied by Californian company Imergy.
Two of the company’s ESP4 batteries are being used in a project to evaluate how Energy Storage Systems incorporating vanadium-based flow batteries can manage the intermittent nature of renewable energy sources.
A Washington-based utilities project using lithium-ion batteries has been unveiled in North America by Snohomish County Public Utility District (PUD).
It is the first battery storage system built using the Modular Energy Storage Architecture (MESA) – a non-proprietary set of specifications and standards developed by a consortium of electric utilities and technology suppliers.
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