Toronto-listed miner VanadiumCorp Resource is working with a ship design company and vessel owner Vega Reederei to develop a new marine battery propulsion system.
The Canadian company said work has begun on the first phase of key design and engineering for the next-generation vanadium redox flow battery (VRFB).
Dutch designer Conoship and German shipowner Vega have formed a trilateral partnership with VanadiumCorp to move the work forward.
