Page 10 - AsiaElec Week 47 2021

AsiaElec STORAGE AsiaElec

Singapore’s VFlowTech

scales up energy storage

tech for EV charging

SOUTH KOREA SINGAPORE energy storage company VFlow- that can accommodate larger capacities of
Tech is to team up with Seoul National Univer- renewable energy. Vanadium flow batteries
sity of Science & Technology (SeoulTech) and store their energy in tanks which means they
South Korean-based CompanyWE to install have a much larger capacity for energy storage
green EV charging infrastructure at existing gas and are also cost-efficient as they can last for up
stations in South Korea. to twenty-five years. We are excited to develop
The announcement makes VFlowTech a pilot implementation of a virtual power plant
the first renewable energy battery provider to system for nationwide distributed hybrid gas and
achieve international recognition and business EV stations that are self-reliant with VflowTech’s
contracts for utility-scale storage that supports batteries. With VFlowTech’s unique technology,
EV charging infrastructures. we have a truly innovative solution with utili-
The announcement continues VFlowTech’s ty-scale batteries that can operate at much wider
upward trajectory after announcing a $3 million temperatures and mitigate risks of fire, which is
pre-Series A funding round last month. extremely important since our systems will be
VFlowTech will deploy its 500kWh Vana- built underground at gas stations.”
dium redox flow energy storage system for Urban locations can leverage existing gas sta-
renewable energy, through its partnership with tion infrastructure to provide DC fast charging
RC-EIT and CompanyWE. and net-zero energy balancing where the elec-
The storage system for the smart technology trolyte can be recharged at nearby renewable
electric car fast-charging infrastructure will use energy power plants (i.e Hydrogen Fuel Cells).
VFlowTech’s 150kW modular PowerCube bat- In rural regions, VFlowTech battery-based EV
teries that will be installed in a pilot implemen- charging stations are co-located with renewable
tation to meet the electrification needs of South energy microgrids which suffer from intermit-
Korea’s rapidly expanding EV market. tency and curtailment and can provide 24/7 sta-
Young Il Lee, Director of RC-EIT from ble energy supply to the power grid.
SeoulTech said: “Korea plans to have 1.13 mil- The project in South Korea follows a suc-
lion electric vehicles on the road with 500,000 cessful deployment of a test-bed project in Sin-
EV charging stations by 2025. Our collaboration gapore, supported by Temasek Foundation to
with VFlow-Tech to install green EV charging demonstrate the efficacy of its scalable long-du-
stations at gas stations ensures we are ready to ration energy storage technology.
meet future energy needs for a fully sustainable Green EV charging stations have been
energy supply. Our self-reliant green EV charg- installed at JTC CleanTech One’s carpark, located
ing infrastructure will have a continuous energy in Jurong Innovation District. Connected to
supply powered by VFlowTech’s energy storage a solar-powered renewable grid, CleanTech
systems to mitigate the irregular source of elec- One powers its EV charging system using solar
tricity from intermittent renewables like solar or energy. This project is in line with JTC’s vision
wind energy.” to test-bed new innovations to make its build-
Jae Woo, CEO of CompanyWE said: “Glob- ings smart and sustainable while pushing new
ally, there is a need for energy storage solutions boundaries in greening its portfolio.™

P10 www. NEWSBASE .com Week 47 24•November•2021