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February 20, 2013

American Vanadium Enters into Strategic Partnership with German-based Gildemeister



American Vanadium is currently the sole developer of a vanadium mine in the United States. The company recently announced that it has entered into a strategic partnership with German-based Gildemeister Energy Solutions. A part of the GILDEMEISTER group, Gildemeister Energy Solutions of Germany comprises of four areas: Components, SunCarrier, CellCube and WindCarrier and is an expert in the delivery of integrated energy solutions designed to optimize production, storage, and utilization of renewable energies. 

In a statement, Ron MacDonald, executive chairman of American Vanadium, said that, “Utilizing GILDEMEISTER’s fully developed and commercialized CellCube energy storage system and American Vanadium's stably priced supply of high purity vanadium electrolyte, the companies together present a unique opportunity to cooperate in the US to rapidly supply the growing energy storage and renewable energy market.”

American Vanadium and GILDEMEISTER jointly introduced their memorandum of understanding which highlights collaborative efforts of both companies with the aim of consolidating their positions within the North American market as leading providers of energy storage and micro grid solutions.

Lars Möllenhoff, Managing Director of Cellstrom part of GILDEMEISTER energy solutions, said that, “The companies will examine various business models that will allow for the rapid and economic adaption of Vanadium Redox Flow Batteries. We have commercialized a unique energy storage solution with our CellCube, a powerful, durable, and low maintenance large scale vanadium redox flow battery that can be incorporated into everyday energy systems. Our battery system ensures a clean, emission-free energy supply at all times, characterized by high reliability, high stability and very fast reaction times.”

As the only company currently developing a vanadium mine in the United States, American Vanadium is focussing on producing cost-effectively priced high purity vanadium products which include vanadium electrolyte for the energy storage industry. Additionally, the company will produce powders, crystals, and oxide pellets for premium markets including grid scale flow battery systems, chemical and pollution control applications and for use within aerospace and defense industries.




Edited by Brooke Neuman

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