Mr. Adriaan Bakker reports

GLOBAL PARTNER SCHMID ENERGY SYSTEMS GMBH DELIVERS FIRST EVERFLOW VANADIUM REDOX FLOW BATTERIES TO CHINA

The first EverFlow energy storage systems have successfully been delivered to China by Vanadiumcorp Resource Inc.'s global partner Schmid Energy Systems GmbH.

From Schmid Group's news release

Schmid has successfully installed and commissioned three EverFlow energy storage systems in China. The order was received from one of the world's leading producers for high-efficiency solar cells. The batteries are charged by a photovoltaic system and are controlled by a company-wide energy management system. The customer uses the EverFlow batteries as a dependable backup system which is part of the company's power supply concept. After a successful test phase, the customer will use Schmid energy storage solutions in combination with its own large-scale PV projects.

"It was our goal to use our self-produced solar energy more efficiently and to maximize its use. We deliberately decided to go with Schmid's vanadium redox flow technology because it is much safer than alternative battery technologies and it has a much longer lifetime," said the company's chief technology officer. It was Schmid's first delivery of storage systems to the Chinese market.

"Due to increasing environmental awareness and continuous strong economic growth in China, the demand for sustainable and renewable energy is quickly increasing. The large amounts of PV and wind power plants producing renewable energy require energy storage systems in order to ensure a stable grid. Due to this development, the Chinese market is very important to us," says Dr. Henrik Buschmann, vice-president, BU Energy Systems, at Schmid.

The EverFlow energy storage system by Schmid is tailored for small- to large-scale businesses, off-grid applications or as a backup. The battery has a compact design and unique advantages with respect to safety and environmental requirements. The electrolyte is water based and therefore non-flammable and non-explosive. Furthermore, the EverFlow batteries have a very long cycle life and are therefore not only significantly more cost-efficient but also very environmentally friendly.

About Vanadiumcorp Resource Inc.

The energy of tomorrow will be radically different than the past. Innovation will prove essential to meeting the world's growing energy needs sustainably. Vanadium electrolyte is the key to sustainable energy storage and the wide-spread deployment of renewable energy. Vanadiumcorp's electrochem process technology is the world's first environmentally sustainable, high-yield, high-efficiency process for recovering vanadium from virtually any vanadium-bearing source, including waste -- the key to energy storage, renewables and a sustainable energy future.