Twitter Facebook LinkedIn YouTube

American Vanadium (TSXV: AVC) Signs agreement with Energy Surety Partners

Video Platform Video Management Video Solutions Video Player

American Vanadium, symbol AVC on the TSX Venture Exchange, has signed an agreement with Energy Surety Partners, a developer of turnkey utility-scale renewable energy projects. American Vanadium is an integrated energy storage company and North American Master Sales Agent for GILDEMEISTER energy solution’s CellCube energy storage system.

Additional Information:

Company: American Vanadium
Website: http://www.americanvanadium.com/
Stock Symbol: TSXV: AVC
Date Published: Oct 14, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch

American Vanadium, symbol AVC on the TSX Venture Exchange, has signed an agreement with Energy Surety Partners, a developer of turnkey utility-scale renewable energy projects.

American Vanadium is an integrated energy storage company and North American Master Sales Agent for GILDEMEISTER energy solution’s CellCube energy storage system.

The CellCube is the world’s only commercially available vanadium flow battery, offering a complete energy storage system.

The CellCube has undergone 6 years of field testing, and is a plug and play system that fully scalable to multi-megawatt size.

With a 20 year life, it is good for more than 20,000 full cycles.

Bill Radvak, President & CEO of American Vanadium stated: “This partnership combines the expertise of ESP with the CellCube energy storage system to deliver a comprehensive power solution to customers both on and off grid.”

Energy Surety Partners develops advanced power projects that integrate clean energy generation technologies, including solar and wind, with large scale energy storage.

ESP is currently developing 750 megawatt utility-scale renewable energy projects with over 150 megawatts of battery storage.

In addition, ESP is conducting feasibility analysis on more than 500 distributed generation project sites slated for Microgrid deployment in 2015 and 2016.

Sean Lyle, Managing Partner at ESP stated: “We believe the CellCube energy storage system is an ideal solution for many of our utility-scale and microgrid projects due to the versatility of its applications, ability to deliver long-duration stored energy and superior system life. The American Vanadium relationship further strengthens our positioning in the energy storage marketplace and allows us to provide stronger business propositions through the offering of end to end solutions to our Utility, IPP and Commercial & Industrial customers.”

American Vanadium is developing the Gibellini Vanadium Project in Nevada to be the only dedicated vanadium mine in the United States, providing a critical source of vanadium electrolyte for CellCube energy storage systems.

The shares are trading at $0.43, and with 60.0 million shares outstanding, the company is capitalized at $25.8 million.

For more information please visit the company’s website at www.americanvanadium.com, or contact Bill Radvak, President & CEO at 604-681-8588 x101 or email bradvak@americanvanadium.com.

For investor relations information, contact Mike Hyslop, Director, Business Development at 604-681-8588 x 102 or email mhyslop@americanvanadium.com.

I’m Samantha Deutscher for InvestmentPitch
For more video news, and to view our disclaimer, be sure to visit our website www.investmentpitch.com, and to receive our latest videos, please sign up for our RSS feed.
This video is for information purposes only and it is not a recommendation to buy or sell any securities.