Australian Flow Batteries, SCHMID Group Sign MoU to Revolutionize Residential Energy Storage Market
This collaboration seeks to leverage AFB's comprehensive approach to electricity independence and carbon footprint reduction, combined with The SCHMID Group's technological excellence and innovation.
April 18, 2024. By Abha Rustagi
The MoU marks the beginning of a strategic partnership between AFB and SCHMID Energy Systems GmbH. This collaboration seeks to leverage AFB's comprehensive approach to electricity independence and carbon footprint reduction, combined with The SCHMID Group's technological excellence and innovation, to develop and supply cutting-edge Vanadium-Redox-Flow-Battery systems.
Shane Meotti, Managing Director of AFB, expressed excitement about the collaboration, stating, "Our partnership with The SCHMID Group is a pivotal step towards realizing our vision of providing Australian homes and businesses with access to leading-edge energy storage technologies."
Henrik Buschmann, Vice President of SCHMID Energy Systems GmbH, added, "Joining forces with Australian Flow Batteries underscores our dedication to fostering sustainable energy solutions on a global scale."
The partnership between AFB and SCHMID Energy Systems GmbH marks a notable milestone in AFB's journey, accelerating the company's growth and commercialization efforts in the energy storage market. The collaboration is expected to facilitate AFB's ability to scale up production, expand its sales reach, and deliver cutting-edge solutions to a broader range of customers.
The agreement outlines a joint development and supply framework focused on advancing the design, supply, and production of flow battery systems with a commitment to energy sustainability and innovation.
SCHMID Group's EverFlow technology displays the standard of energy storage, offering high-performance solutions aligned with the principles of sustainability and environmental stewardship. The company is committed to responsible innovation, geared towards helping customers achieve their CO2 neutrality targets.
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