- Sparton Resources (SRI) announced it has secured financing for its minority subsidiary VRB Energy Inc
- Through its subsidiary VanSpar Mining, the company currently owns a 9.8 per cent equity interest in VRB Energy
- VRB Energy is a manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation
- VRB Energy announced an investment of US$24 Million by BCPG PLC, a Thailand-based public company and developer
- Sparton Resources is up 62.5 per cent, trading at C$0.13 at 3:21 pm ET
Sparton Resources (SRI) announced it has secured financing for its minority subsidiary VRB Energy Inc.
Through its subsidiary VanSpar Mining, the company currently owns a 9.8 per cent equity interest in VRB Energy.
VRB Energy is a leading manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation.
VRB Energy announced an investment of US$24 Million by BCPG PLC, a Thailand-based public company and developer and owner of renewable energy projects in the Asia-Pacific region.
“BCPG is a leader in Asia’s green energy revolution, and this investment reinforces our belief that VRB Energy’s game-changing technology will be a catalyst for integration of massive amounts of renewable energy around the region. Countries around the world are now committed to net-zero carbon solutions, which will require vast capital investment over the next 25 years in energy storage. We’re extremely proud to be bringing forward vanadium-based batteries as a key solution for this global transformation,” said VRB Energy Chairman Robert Friedland.
VRB Energy is a privately-held clean technology innovator. The company has developed the most reliable, longest-lasting vanadium flow battery in the world, with more than 40 megawatt-hours installed and in construction worldwide, and more than 800,000 hours of demonstrated performance.
Sparton Resources is up 62.5 per cent, trading at C$0.13 at 3:21 pm ET.
