Leclanché, Ice Energy and VRB Energy in Fresh Partnerships and Funding Deals

on June 29, 2018

Energy-Storage-NewsLeclanché and VRB Energy, two providers in very different areas of energy storage, have struck up joint ventures (JVs) intended to assist them in scaling up and hitting new markets, while Ice Energy has netted fresh funding.

Flow battery maker VRB Energy has struck a supply deal with the ‘world’s largest producer of vanadium oxide’. Covered in the most recent edition of PV Tech Power as one of four flow battery providers at different stages of commercialisation and known in China as Pu Neng, VRB this week announced a “strategic cooperation framework agreement” with Pangang Group Vanadium and Titanium Resources Co. Ltd.

The deal was announced by Sparton Resources, which through a subsidiary owns about 18% of VRB. The remaining 82% is in the control of the I-Pulse group of companies, headed by mining industry veteran Robert Friedland. In the PV Tech Power article, VRB representative Jim Stover said the vertical integration of materials into the company’s supply chain would be vital to ongoing cost reduction efforts and scaling up.

Battery and energy storage system maker Leclanché, was announced to be working with Enel on its first storage project in Germany in February and earlier this month netted CHF75 million (US$76 million) from its main existing investor, FEFAM.

The company has now begun a joint venture (JV) with lead acid battery maker Exide Technologies, to target the Indian market for EVs and stationary energy storage by building lithium-ion batteries and complete systems for both applications. At a basic level, Leclanché will share knowledge and intellectual property on lithium batteries with Exide, while the latter offers access to an “extensive sales network and brand”, Leclanché said.

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Fractal Energy Storage ConsultantsLeclanché, Ice Energy and VRB Energy in Fresh Partnerships and Funding Deals