Proactive Investors - Run By Investors For Investors

Protean Energy appoints technical advisor for development of vanadium battery project

Dr Soowhan Kim has more than 20 years’ experience in developing next generation energy conversion and storage technologies.
Protean Energy appoints technical advisor for development of vanadium battery project
Concept of a 3.6-megawatt large-scale V-KOR grid battery

Protean Energy Ltd’s (ASX:POW) 60%-owned subsidiary KORID Energy has appointed Dr Soowhan Kim as a technical advisor to assist in the development of the company’s vanadium redox flow battery (VRFB) project.

Kim is a leading authority on emerging energy storage systems with over 20 years’ experience working for large research associations and energy corporations.

He will also act as the administrator of the project’s grant from the Korean Institute of Energy Technology Evaluation and Planning (KETEP).

READ: Protean Energy begins work on vanadium battery project through South Korean subsidiary

Protean chairman Bevan Tarratt said: “We are extremely pleased to have Dr. Kim involved in the development of the KETEP trial battery project.

“This appointment grants the company access to over 20 years of experience in leading industry and research bodies.

“The combination of Korean government support and a world-class technical team provides significant value accretion to Protean’s Korean operations.”

READ: Protean Energy secures controlling stake in Korean vanadium-focused subsidiary

Based out of Sunkyunkwan University in South Korea, Kim is acting as an industry collaboration professor.

He has been involved in fuel cell development in senior research positions for Hyundai Motor Company since 1998 and is the recipient of numerous awards from the company for outstanding achievements within the battery development sector.

Kim also acted as senior research scientist for Pacific Northwest Laboratories (PNL) and lead the team involved with the development of redox flow battery system development.

This included providing technical support to a 1-megawatt/8 megawatt-hour VRFB installation conducted by Ashlawn Energy.

Subsequent to his role at PNL Kim was appointed research director at KOSDAQ-listed OCI Company Ltd, a global leader in green energy and chemicals, where he led a team in the research and development of energy storage systems.

OCI operates out of six countries and employs over 2,400 people.

READ: Protean Energy enters agreement to optimise processing and production of Daejon vanadium

KORID is constructing a 1 megawatt/4 megawatt-hour VRFB in conjunction with KETEP to demonstrate the most efficient vanadium battery solution for eventual mass production in South Korea.

It will also serve as a basis for developing an industry standard for vanadium batteries in Korea.

KORID recently received a funding commitment of $3 million from KETEP to install and run its patented V-KOR stack technology as part of the overall $9.7 million vanadium battery project.

Protean is focused on the commercialisation of its V-KOR vanadium battery energy storage systems and holds a multi-energy mineral project in South Korea through its 50% holding in Stonehenge Korea Limited.

Stonehenge is a joint venture company with KOSDAQ-listed DST Co Ltd and owns 100% of three projects in South Korea, including the Daejon Vanadium Project.

View full POW profile View Profile

Protean Energy Ltd Timeline

February 06 2017

Related Articles

oil well
August 22 2018
Production in the six months to June rose 64% following a workover campaign on the three producing wells
October 24 2018
Echo recently completed a four-well workover campaign at Fraccion D, while earlier in the year four exploration wells were drilled back-to-back.
oil and gas operations
November 13 2018
“The shares have been range bound recently, however, we believe that CERP now has a stronger platform for achieving its combined organic and acquisitive growth strategy"

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use