VRB Power and Electrosynthesis Sign Agreements
VRB Power Systems Inc. (Vancouver, BC) announced that it has entered into technology development agreements with Electrosynthesis Company Inc. (ESC), which has previously acted as an in-house research and development division of RWE npower PLC for the Regenesys technology. ESC is a research and development company specializing in the development of electrochemical technologies for energy storage systems, fuel cells and sensors.
"We are pleased to continue development and commercialization work on the flow battery technology. VRB Power’s acquisition of the Regenesys technology will enable the company to address a broad range of market needs providing security of supply and economic advantages to utility companies and industry," stated ESC President David Genders.
"ESC is an exceptional organization with extensive experience in the field of electrochemistry and energy storage," stated VRB Power CEO Tim Hennessy. "Coupled with the previously announced development agreement with Noram Engineering, VRB Power now has two world-class organizations with valuable synergies that will couple to fulfill the ongoing development requirements of the company."