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Protean Energy appoints technical advisor for development of vanadium battery project

Proactive Investors Wednesday, 5 December 2018
Protean Energy Ltd’s (ASX:POW) 60%-owned subsidiary KORID Energy has appointed Dr Soowhan Kim as a technical advisor to assist in the development of the company’s vanadium redox flow battery (VRFB) project. Kim is a leading authority on emerging energy storage systems with over 20 years’ experience working for large research associations and energy corporations. He will also act as the administrator of the project’s grant from the Korean Institute of Energy Technology Evaluation and Planning (KETEP). READ: Protean Energy begins work on vanadium battery project through South Korean subsidiary Protean chairman Bevan Tarratt said: “We are extremely pleased to have Dr. Kim involved in the development of the KETEP trial battery project. “This appointment grants the company access to over 20 years of experience in leading industry and research bodies. “The combination of Korean government support and a world-class technical team provides significant value accretion to Protean’s Korean operations.” READ: Protean Energy secures controlling stake in Korean vanadium-focused subsidiary Based out of Sunkyunkwan University in South Korea, Kim is acting as an industry collaboration professor. He has been involved in fuel cell development in senior research positions for Hyundai Motor Company since 1998 and is the recipient of numerous awards from the company for outstanding achievements within the battery development sector. Kim also acted as senior research scientist for Pacific Northwest Laboratories (PNL) and lead the team involved with the development of redox flow battery system development. This included providing technical support to a 1-megawatt/8 megawatt-hour VRFB installation conducted by Ashlawn Energy. Subsequent to his role at PNL Kim was appointed research director at KOSDAQ-listed OCI Company Ltd, a global leader in green energy and chemicals, where he led a team in the research and development of energy storage systems. OCI operates out of six countries and employs over 2,400 people. READ: Protean Energy enters agreement to optimise processing and production of Daejon vanadium KORID is constructing a 1 megawatt/4 megawatt-hour VRFB in conjunction with KETEP to demonstrate the most efficient vanadium battery solution for eventual mass production in South Korea. It will also serve as a basis for developing an industry standard for vanadium batteries in Korea. KORID recently received a funding commitment of $3 million from KETEP to install and run its patented V-KOR stack technology as part of the overall $9.7 million vanadium battery project. Protean is focused on the commercialisation of its V-KOR vanadium battery energy storage systems and holds a multi-energy mineral project in South Korea through its 50% holding in Stonehenge Korea Limited. Stonehenge is a joint venture company with KOSDAQ-listed DST Co Ltd and owns 100% of three projects in South Korea, including the Daejon Vanadium Project.
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