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Nusaned Investmen

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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