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Schmid Group

Saudi and German firms sign JV to build one of world’s biggest VRFB facilities

Thu, 05/14/2020 - 10:16 -- Paul Crompton

Saudi Arabian owned Nusaned Investment and German firm Schmid Group have formed a joint venture to establish a 3GWh vanadium redox flow battery (VRFB) manufacturing facility in the Western Asia kingdom.

The joint venture (JV) between Nusaned Investment (investment firm owned by petrochemical company Sabic) and VRFB company Schmid will focus on manufacturing and developing VRFB systems. 

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Vanadium redox batteries plan for Saudi Arabia

Thu, 05/16/2019 - 12:56 -- John Shepherd
Vanadium redox batteries plan for Saudi Arabia

A German-Saudi partnership has been formed to develop and manufacture vanadium redox flow batteries (VRFB) in Saudi Arabia.

The joint venture— formed by German technology firm the Schmid Group, Saudi government-backed Nusaned Investment and the kingdom’s RIWAQ Industrial Development Company— expects to have a “gigawatt-scale manufacturing facility” producing VRFB systems in Saudi Arabia in 2020.

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