Vanadium redox flow battery provider Invinity is offering customers the opportunity to rent its technology for their projects.
Invinity formed Vanadium Electrolyte Rental Limited (VERL) with vanadium mining company Bushveld Minerals to give Invinity’s customers the option to rent the vanadium electrolyte.
The Vanadium electrolyte solution is a key component in these types of stationary storage systems.
Customers rent the electrolyte over the life of a project instead of purchasing it upfront, offsetting a “significant portion” of their initial capital outlay.
Customers rent the electrolyte over the life of a project instead of purchasing it upfront, offsetting a “significant portion” of their initial capital outlay.
VERL also concluded its first rental contract with Pivot Power, part of EDF Renewables.
Under the agreement VERL will rent the electrolyte for 10 years to the five megawatt-hour flow battery being supplied by Invinity as part of the Energy Superhub Oxford (ESO) pilot in the UK - Link - more like this (Oxford Superhub) - link
Under the agreement VERL will rent the electrolyte for 10 years to the five megawatt-hour flow battery being supplied by Invinity as part of the Energy Superhub Oxford (ESO) pilot in the UK - Link - more like this (Oxford Superhub) - link
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