- VFlowTech signs power purchase agreement with companies to serve the African energy storage market
- The company aims to enable energy storage generated from variable energy sources.
VFlowTech, a Singapore-based energy storage solutions provider, and Sing Fuels, a bunker trading company, will form a new joint venture to serve the African energy storage market.
According to a press release issued on Wednesday, the companies will sign power purchase agreements with mobile network operators, mining companies, and other infrastructure owners under the new entity VFlowTech Africa to provide clean energy.
VFlowTech Africa aims to enable energy storage generated from variable energy sources such as solar or wind by deploying renewable energy battery storage systems. According to the company, the energy will be integrated into a standalone renewable microgrid to meet electrification needs.
Microgrids are self-sufficient standalone power installations that provide energy to remote areas with no central grid or unreliable electricity supply.