South African energy company Kibo Energy will procure two vanadium redox flow battery system pilot projects from CellCube, the first step in a larger rollout.
Kibo, which is listed on the London Stock Exchange, has committed to purchase two proof of concept (POC) projects from flow battery company CellCube (official name Enerox). Specifically, it will buy CellCube FB 250 – 1000 Vanadium Redox Flow Batteries.
The purchases relate to a five-year framework agreement between the two companies aimed at deploying 1GW-plus of CellCube’s batteries across countries in the Southern African Development Community (SADC) region, signed in May. The SADC comprises all 16 countries from South Africa up to the Democratic Republic of Congo and Tanzania.
Kibo mainly owns coal assets but is transitioning to green energy, and will play the role of project developer and integrator of the CellCube battery system.
Louis Coetzee, CEO at Kibo Energy, said: “The Company is at the moment completely focused on getting the various projects in its current portfolio past financial close and into production within the next 18 months as previously stated.”
“As part of this drive, the Company is focusing all its resources on operational matters and project delivery and will attend to certain non-essential corporate activities, like the previously announced planned share capital consolidation, at a later stage in the future if still deemed necessary at such a time.”
As part of their agreement, Kibo has conditional exclusive rights to the marketing, sales, configuration and delivery of Austria-based CellCube’s VRFBs for behind-the-meter microgrid applications, but not utility-scale projects.
It is targetting ICT towers, gated communities, shopping centres and commercial parks while both companies will review a bespoke renewable energy project microgrid pipeline.
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July 11, 2022 at 04:49PM
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CellCube bags proof of concept project order for South Africa flow battery rollout - Energy Storage News
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