BCPG invests $24 million for vanadium flow battery development

BCPG PLC, a Thai renewables firm, has invested $24 million in VRB Energy, a producer of vanadium flow batteries, to help expand its worldwide energy storage business. The investment will be used for developing VRB Energy’s unique storage system, enhancing its production capacity and vertically integrating vanadium processes. The parties also agreed to work together to add storage to BCPG’s current and upcoming projects, as well as to investigate additional commercial growth prospects in Thailand, such as manufacturing localisation.

 

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