VFlowTech has signed a MoU with the Foundation for Innovation and Technology Transfer, the industry interface of the Indian Institute of Technology (IIT) Delhi, to collaborate on research focused on recovering high-purity vanadium from petroleum coke cinder, a by-product of India’s refining industry. The partnership aims to develop a circular vanadium ecosystem in India by converting refinery waste into battery-grade vanadium pentoxide, a critical input for vanadium redox flow batteries (VRFBs).
The collaboration aligns with the goals of Atmanirbhar Bharat and the ‘Made-in-India’ initiative by focusing on reducing the dependence on imported materials through utilisation of refinery-scale waste streams for energy storage applications. Furthermore, it is expected to strengthen India’s position in the emerging VRFB market, which is projected to grow at a compound annual rate of 20 to 25 per cent from 2025 to 2030.
In May 2025, VFlowTech secured $20.5 million in funding led by Granite Asia to scale VRFB development and upgrade its 100 MWh manufacturing facility in India into a gigafactory.
