Korid Energy, a subsidiary of Australian energy company Protean Energy, has received an AUD3 million (US$2.1m) grant to supply its patented V-KOR stack technology to a project seeking to devise an industry-standard for vanadium battery solutions across South Korea.
The grant was awarded by the Korean Institute of Energy Technology Evaluation and Planning (Ketep) and forms part of the institute’s broader AUD9.7m project, in which the V-KOR stack technology will be integrated with a 1-megawatt/4Wh vanadium redox flow battery (VRFB).
The V-KOR stack technology is an energy storage system that stacks a series of repeating cell frames to form a number of cells within the overall battery stack— which Protean said improves battery performance and lowers manufacturing costs, compared to conventional VRFB technology.
Protean chair Bevan Tarratt said Ketep reviewed several VRFB producers and selected Korid “due to the V-KOR stack technology, which has a 250% higher power output when compared to competing technology”.
Ketep project participants include electrolyte manufacturer Chemtros and Ekos, which will provide power conditioning.
Tarratt said: “This will significantly reduce the physical footprint of the V-KOR battery solution, and enable Korid to execute further improvements, including scaling the technology.”
Earlier this year, a V-KOR battery was installed in Western Australia as part of a trial micro grid energy storage project backed by a South Korean-Australian partnership.