Bushveld Energy, IDC sign cooperation on VRFB feasibility

June 13, 2016

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Aim-listed Bushveld Minerals’ newly established subsidiary, Bushveld Energy, is a step closer to its ambitions of developing market opportunities for vanadium-redox flow batteries (VRFB) in South Africa, as it teams up with development finance institution the Industrial Development Corporation (IDC) to determine the economic viability of VRFB. The duo on Monday signed a cooperation agreement that would see the commissioning of a feasibility study to assess VRFB viability and costs in the South African market, including studies of the market potential for VRFB systems across the continent.

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