BCPG has supplied a $24m capital injection for VRB Energy, which is looking to ramp up its production capabilities for its vanadium-based batteries.
VRB Energy, a Canada-based developer of vanadium-based battery technology, has secured $24m in funding from renewable energy producer BCPG.
Founded in 2007, VRB is developing an advanced flow battery technology that uses the chemical element vanadium, as opposed to the lithium found in most battery technology, and claims its batteries have a longer run-time and degrade more slowly than lithium-ion batteries.
The investment will support the deployment of the company’s battery products by allowing it to expand its manufacturing capacity…
