Sparton Resources Inc.: VRB Energy Reports on the Successful 10-Year Performance Review for Its Zhangbei 8Mwh Vanadium Flow Battery for the North China State Grid
2023年11月13日 - 10:23PM
Sparton Resources (TSXV-SRI), (“Sparton” or “the
Company”), is pleased to report today that VRB Energy Inc. reported
through its China domestic website, on October 29, 2023, the
successful 10-year performance review of its 8Mwh GEN1 vanadium
flow battery installed at the North China State Grid Zhangbei
Renewable Energy Generation and Storage Demonstration Site about
180 km north of Beijing PRC. Sparton owns a 90% interest in its
subsidiary VanSpar Mining Inc. which in turn owns a 9.975% equity
interest in VRB Energy Inc.
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Figure 1: Zhangbei Offices |
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Technical and commercial representatives of VRB
Energy and North China State Grid met at the Zhangbei site and
carried out a complete positive review of the battery operations
over time and discussed the parameters for upgrading the battery to
GEN3 operating status.
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Figure 2: Zhangbei Renewable Energy Demonstration Site |
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This is a major achievement for VRB Energy as
the Zhangbei GEN1 VRB-ESS® is the longest operating large
scale vanadium flow battery system ever installed globally. It was
installed in 2011 and successfully commissioned in early 2014. The
battery has operated continuously since that time and contributed
to the Zhangbei Project by supplying electricity to the Beijing
Winter Olympics in 2022. It has met or exceeded all of its designed
operating parameters since it began operation.
Commentary
“Sparton is delighted to see this major
development in VRB Energy’s technical achievements, stated A. Lee
Barker, Company CEO. We believe the successful long-term operation
of the GEN1 Zhangbei system and its recognition by the North China
State Grid show that vanadium redox flow batteries
are competitive with lithium-ion batteries for grid scale,
long duration energy storage applications,
and clearly safer**. The GEN3 system also now has a
UL1973 Safety Certification which will provide global acceptance of
the GEN3 VRB-ESS® system and provide VRB Energy with a very strong
marketing tool for new business going forward.” (See Company News
release dated August 31, 2023)
The group also toured the GEN1 operating battery and the new VRB
MW-ESS® Gen III system (“GEN3”) recently installed at Zhangbei
which is undergoing testing and evaluation.
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Figure 3: GEN1 Zhangbei Battery |
Figure 4: GEN1 Electrolyte Tanks |
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Figure 5: Zhangbei
VRB.ESS GEN3 TESTING Unit
Key staff in charge of the North China State
Grid Wind and Solar Energy Storage and Transmission Company (the
world’s largest utility) praised the stability of VRB Energy's GEN1
system technology and the professionalism of its operation and
maintenance services. They went on to say that they expect VRB
Energy to continue to make new breakthroughs in technological
upgrading of its energy storage systems and maintain its leadership
in the industry. The installation of a GEN3 test unit at Zhangbei
and planning for an upgrade of the GEN1 system to GEN3 status are
major business developments for VRB Energy and new business
catalysts going forward.
About VRB Energy
VRB Energy is a fast-growing, privately held
clean technology innovator. The company has developed the most
reliable, longest-lasting vanadium flow battery in the world, with
more than 500 megawatt-hours installed or in development worldwide,
and more than 1,000,000 hours of demonstrated performance.
VRB Energy’s vanadium redox battery systems
store energy in liquid electrolyte in a patented process based on
the reduction and oxidation of ionic forms of the element vanadium.
This is a repeatable process that is safe, reliable, and non-toxic.
The electrolyte can be recycled at end-of-life, dramatically
improving lifecycle economics and environmental benefits including
safety, compared to lithium-ion and other battery types.
About Sparton
Sparton is a mineral exploration Company with a
forward-thinking business opportunity mentality. The VRB Energy
equity share asset is a keystone in the Company’s value base and
came about as a result of early work doing exploration and
development activities for vanadium resources in many international
locations.
Its current exploration activities are focused
on exploring for gold and critical metals near producing mines on
or near the major mineral producing trends in northeastern Ontario
and northern Quebec. It holds interests in three exploration
prospects. The Bruell Property, hosts a new gold discovery, now
being explored by Eldorado Gold Inc., which owns the nearby
producing Lamaque Mine the west. The Oakes and Pense Properties
near Matachewan and Englehart in Ontario are in close proximity to
Alamos Gold’s producing Young Davidson Mine and the prolific
Kirkland Lake mineral producing area.
** Source: Scientific American, Battery Fires
Reveal Risks of Storing Large Amounts of Energy,
(2011). https://www.scientificamerican.com/article/battery-fires-risks-storing-lareg-amounts-energy/
For more information contact: |
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A. Lee Barker, M.A
Sc., P. Eng. President and CEO Tel./Fax: 647-344-7734 or
Mobile:416-716 5762 |
Email: info@spartonres.ca |
Website: www.spartonres.ca |
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Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking StatementsInformation set forth
in this news release involves forward-looking statements under
applicable securities laws. The forward-looking statements
contained herein include, but are not limited to, financings and
transactions being pursued, and all such forward-looking statements
are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this news
release are made as of the date hereof and the Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation. Although the Company believes that the expectations
represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be
correct and, accordingly, undue reliance should not be put on such
forward-looking statements. This news release does not constitute
an offer to sell or solicitation of an offer to buy any of the
securities described herein.
We Seek Safe Harbour.
Photos accompanying this announcement are available at
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