Protean advances V-KOR battery stack technology

By Meagan Evans. Published at Aug 7, 2018, in Small Caps

Protean Energy Ltd (ASX:POW), an energy company focused on the commercialisation of vanadium battery energy storage systems, today provided an update on the leading edge V-KOR vanadium battery technology.

KORID Energy (KORID), the 50% owned subsidiary of POW, has conducted extensive testing on a new high performance cell frame in the patented V-KOR stack technology with the aim of enhancing unit performance whilst reducing size, maintenance requirements and cost.

The battery stack represents approximately 50% of the overall system cost (in a 25kW/100kWh system) and plays an integral role in round trip energy efficiency. The battery stack is a sophisticated combination of numerous components — the most important being the cell frame and the bipolar plate.

Advances in the bipolar plate and cell frame design generate higher power densities and provide opportunities to produce stacks at a substantially reduced cost.

Here the existing battery stack technology (12.5kW stack) can be seen alongside the new compact laser welded technology (12.5kW stack):

Protean battery technology

The existing V-KOR stack technology is based on a series of framed bipolar membranes bonded together, sealed and secured using bolts.

New technology — that is currently under evaluation —includes laser welding manufacturing procedures utilizing flexible bipolar membranes as well as developing thin mold frames resulting in significantly improved energy and space efficiency that is 100 per cent maintenance free.

It should be noted that POW is an early stage play and anything can happen, so seek professional financial advice if considering this stock for your portfolio.

Cell Frame

KORID has conducted extensive dynamic flow modelling and preliminary production testing of its Generation 3 stack design leading to a significant increase in stack energy density from 20 Wh/l to 42 Wh/l. Optimisation of the cell frame design is necessary to maximise the rate of energy exchange between the electrolyte and the bipolar plate.

Bipolar Plate

The Bipolar plate is used to extract electrical charge from the electrolyte. Current generation stack designs are limited in capacity due to the fragile and rigid nature of Generation 2 material composition which causes peripheral fracturing when applied to larger surface area stacks.

KORID has implemented a flexible bipolar plate material designed in conjunction with C&F Korea in its Generation 3 units. This development allows KORID to design significantly larger stacks with higher quality control and higher current density – resulting in overall higher performance.

Manufacturing

KORID Energy is currently investigating the implementation of laser bonded technology to supersede its current “filter press” manufacturing technique. The new process will significantly reduce the cost of the units and reduce electrolyte leakage.

Based on the use of a compact laser bonded assembly process, energy stack production cost could be reduced by 50%.

The V-KOR stack development program is at an advanced stage and has been delivered through a consortium which includes Japanese and German technical partners. The development team has utilised advanced automated manufacturing techniques and a new high performance flexible bipolar plate to deliver a stack that incorporates the unique V-KOR stack IP.

This leading-edge approach to serial manufacturing of the stack is essential to the future commercial success of the V-KOR technology.

The V-KOR stack development effort is a key part of the program targeting delivery of the most cost-effective grid scale vanadium battery available in Australia and the world. The targeted improvement in product cost and efficiency are a core part of the V-KOR commercialisation pathway towards the provision of grid scale installations.

V-KOR Australian strategy is focused on commercial demonstration of its battery technology, with the ultimate target of delivering grid scale storage capacity.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X