American Made Advocacy: Success in Washington Requires Patience, Persistence, and Sustained Focus
The Government Circuit: News on Defense Electronics, Europe, and Sustainability
Defense Speak Interpreted: SWaPing Nanosatellites for Defense Systems
Australian Flow Batteries and The SCHMID Group Announce Groundbreaking Memorandum of Understanding
April 17, 2024 | SCHMID GroupEstimated reading time: 2 minutes
Australian Flow Batteries Pty Ltd (AFB), a leader in innovative energy solutions and economical, safe, and reliable power storage, and SCHMID Energy Systems GmbH a company of the German SCHMID Group, a global technology leader with a rich history in delivering innovative solutions across multiple industries including Electronics, Renewables, and Energy Storage sectors, are thrilled to announce the signing of a Memorandum of Understanding (MoU). This MoU marks the commencement of a strategic partnership aimed at transforming the residential energy storage market.
Signed on March 6, 2024, this MoU represents a collaborative effort to leverage AFB’s comprehensive approach to electricity independence and carbon footprint reduction, with The SCHMID Group’s technological excellence and innovation. Together, the companies aim to develop and supply cutting-edge Vanadium-Redox-Flow-Battery systems, underpinning a shared vision for a sustainable energy future.
The partnership between AFB and SCHMID Energy Systems GmbH is a significant milestone in AFB’s journey, accelerating the company’s growth and commercialisation efforts in the energy storage market. This collaboration is expected to fast-track AFB’s ability to scale up production, expand its sales reach, and deliver its cutting-edge solutions to a broader range of customers. The resulting economic benefits for Australia include the creation of new jobs across various sectors and the nurturing of homegrown technological collaboration and innovation.
The agreement sets forth a joint development and supply framework for advancing the design, supply, and production of flow battery systems, with a focus on energy sustainability and innovation.
Empowering the Future of Energy Storage:
Shane Meotti, Managing Director of AFB, expressed enthusiasm 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. This MoU embodies our commitment to empowering consumers with electricity independence and significantly reducing their environmental impact.”
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. Leveraging our historical strengths in innovation and the unique capabilities of our EverFlow technology, we are poised to deliver unparalleled safety, scalability, and efficiency in energy storage.”
SCHMID’s Commitment to Sustainable Innovation:
The SCHMID Group’s EverFlow technology epitomizes the pinnacle of energy storage, offering high-performance solutions that align with the principles of sustainability and environmental stewardship.
The SCHMID Group is a responsible partner innovating for the benefit of all stakeholders with R&D geared to help customers achieve their CO2 neutrality targets.
Share on:
Suggested Items
onsemi Completes Acquisition of Qorvo’s Silicon Carbide JFET Technology Portfolio
01/16/2025 | onsemionsemi announced that it has completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash.
SIA Releases Policy Recommendations for Trump-Vance Administration and 119th Congress
01/16/2025 | SIAThe Semiconductor Industry Association (SIA) released a policy agenda setting forth the U.S. semiconductor industry’s policy priorities and suggested areas for collaboration with the Trump-Vance administration and the 119th Congress.
Delta Thailand Recognized in FTSE4Good Index for Driving ESG Innovation and Sustainable Growth
01/16/2025 | Delta ElectronicsDelta Electronics (Thailand) PCL. announces it has been included in the FTSE4Good Index Series. Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.
Argonne to Lead Two Microelectronics Research Projects Under U.S. Department of Energy Initiative
01/13/2025 | BUSINESS WIREThe U.S. Department of Energy’s (DOE) Argonne National Laboratory is managing two microelectronics studies that will support multidisciplinary codesign of hardware and software and enable processing of vast quantities of data at unprecedented speeds.
SAMI-AEC Showcases Cutting-Edge Technological Solutions at IKTVA 2025
01/13/2025 | SAMISAMI Advanced Electronics Company (SAMI-AEC), a subsidiary of SAMI, is proud to announce its participation in the “IKTVA Forum and Exhibition 2025,” the region’s leading event for energy sector supply chains.