American Vanadium Announces First Cellcube (tm) Vanadium Flow Battery Installation In New York
April 23 2014 - 6:44AM
Access Wire
NYSERDA Partners for Commercial Demonstration of Energy Storage
at MTA Headquarters at 2 Broadway in Downtown Manhattan
NEW YORK / ACCESSWIRE / April 23, 2014 / AMERICAN VANADIUM CORP.
("American Vanadium" or the "Company") (TSX.V: AVC) (OTCQX: AVCVF)
announces it will partner with the New York State Research and
Development Authority (NYSERDA) to demonstrate the CellCube(TM)
vanadium redox flow energy storage system. The Metropolitan
Transportation Authority (MTA) and the New York City Transit (NYCT)
Office of Strategic Innovation and Technology will host this
demonstration at the MTA's Energy Star Certified facility at 2
Broadway in downtown Manhattan. ConEdison and the Advanced Research
Technology Center (AERTC) at Stony Brook will also support this
effort.
This demonstration is intended to augment existing successful
facility energy management measures at the MTA's 1.6 million square
foot office building. The CellCube(TM) batteries will complement an
automated demand response system developed for the building by
Lawrence Berkley National Laboratory and previously funded by
NYSERDA. The project will demonstrate how vanadium flow battery
technology, capable of multi-hour and multi-megawatt energy
storage, can enable NYC commercial buildings to be "smarter" about
how and when they use energy, and provide resiliency in times of
need.
"New York is clearly creating a leading energy storage
marketplace and the knowledge gained from this demonstration will
help realize gains in building and grid energy efficiency, save
money for electric ratepayers and, importantly, add a new weapon to
the arsenal of resiliency tools in the event of future grid
outages," said Bill Radvak, President & CEO of American
Vanadium Corp. "As we continue the development of the only vanadium
mine in the United States to provide the critical source of
vanadium electrolyte for these advanced battery systems, we are
honored to be working on this groundbreaking energy storage
installation with the MTA, one of the largest energy consumers in
the United States."
The CellCube(TM) is a fully commercial energy storage system
that has been sold and installed across Europe, Asia and Africa,
with more than 60 systems currently in operation at customer sites
worldwide. The CellCube(TM) system is modular and can serve loads
from 10kW to multi-MWs and, as a flow battery, the system excels at
providing multiple hours of energy for long-duration
requirements.
Dr. William Acker, Executive Director of the New York Battery
and Energy Storage Technology consortium (NY-BEST), stated, "New
York State is actively pursuing commercially ready technologies
that will help grow a clean energy economy and improve the
reliability, efficiency and overall performance of our electric
power delivery system. This project will demonstrate the important
role energy storage can play in helping consumers save money,
reduce peak load demands and provide the grid serving New York with
stored energy during times of shortage or disruption."
American Vanadium is the Master Sales Agent in North America for
the CellCube(TM) systems which are manufactured by Gildemeister.
Additionally, American Vanadium controls the only vanadium deposit
in the United States and, together with Gildemeister, they plan to
establish CellCube(TM) sales and manufacturing capabilities in New
York State.
About the New York State Energy Research and Development
Authority
NYSERDA, a public benefit corporation, offers objective
information and analysis, innovative programs, technical expertise,
and funding to help New Yorkers increase energy efficiency, save
money, use renewable energy, and reduce their reliance on fossil
fuels. NYSERDA professionals work to protect our environment and
create clean-energy jobs. NYSERDA has been developing partnerships
to advance innovative energy solutions in New York since 1975. To
learn more about NYSERDA's programs and funding opportunities,
visit http://nyserda.ny.gov or follow us on Twitter, Facebook,
YouTube, Instagram.
About the New York Battery and Energy Storage Technology
Consortium (NY-BEST)
NY-BEST is a non-profit corporation established in 2010 with
support from the New York State Energy Research and Development
Authority (NYSERDA) to position New York State as a global leader
in energy storage technology. An industry-led consortium with more
than 130 members, NY-BEST's mission is to catalyze and grow the
energy storage industry and establish New York State as a global
leader in the energy storage industry. Visit NY-BEST on the web at
www.ny-best.org.
About American Vanadium Corp.
American Vanadium is an integrated energy storage company that
markets and sells GILDEMEISTER'S CellCube(TM) vanadium redox flow
batteries in North America. American Vanadium is developing the
only vanadium mine in the United States, providing a critical
source of North American-sourced vanadium electrolyte for
CellCube(TM) energy storage systems. The Company's Gibellini
Vanadium Project, located in Nevada, is being designed to
economically produce vanadium electrolyte for the energy storage
industry, as well as vanadium products for the steel and alloying
industries.
ON BEHALF OF THE BOARD
Bill Radvak, President and CEO
For further information, please contact: Dan Schieber, Director,
Corporate Finance
(604) 681-8588 X 106
dschieber@americanvanadium.com
www.americanvanadium.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
SOURCE: American Vanadium Corp.
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