Canada’s VanadiumCorp Resource Inc. has signed a memorandum of understanding (MOU) for a trilateral partnership with Conoship International Projects BV from the Netherlands and Vega Reederei and Partners GmbH from Germany. The partnership targets zero-emission shipping markets with next-generation redox flow batteries.

As informed, the three partners plan to commercially develop next-generation vanadium redox flow-battery technology (VRFB battery) and high-energy-density electrolyte technologies for marine propulsion applications.