Core Points - Sparton Resources reports that Beijing Puneng Century Technology Co. Ltd. has won a bid to construct a 50 Megawatt, 200-Megawatt Hour all-vanadium liquid flow battery energy storage power station in Hubei Province, China [1][2] - The project is part of the VRB China Joint Venture, which is 51% owned by Shanxi Red Sun Co., Ltd. and 49% owned by VRB Energy Inc. [2] - The winning bid value for the project was 467 million RMB, approximately $65.6 million USD [3] - The project is expected to be connected to the grid by December 31, 2025, enhancing local electricity stability and economic development [4] - The installation will be executed by a consortium including BJP, Changyang Lutong Engineering Construction Co., Ltd., and Hubei Electric Power and Design Institute Co., Ltd. [3] - Sparton holds a 9.975% interest in VRB Energy, translating to an indirect 4.4% interest in the VRB China Joint Venture [3] - Ivanhoe Electric Inc. is also establishing VRB USA to construct a vanadium battery manufacturing facility in Arizona [5]

Core Insights - Sparton Resources reports that Beijing Puneng Century Technology Co. Ltd. has won a bid to construct a 50 Megawatt, 200-Megawatt Hour all-vanadium liquid flow battery energy storage power station in Hubei Province, China [1][2] Company Involvement - Sparton holds a 9.975% interest in VRB Energy Inc. through a 90% interest in VanSpar Mining Inc., translating to an indirect 4.4% interest in the VRB China Joint Venture [3] - The VRB China Joint Venture is 51% owned by Shanxi Red Sun Co., Ltd. and 49% owned by VRB Energy Inc. [2] Project Details - The winning bid for the project was valued at 467 million RMB (approximately $65.6 million USD) [3] - The project is expected to be connected to the grid by December 31, 2025, enhancing local electricity stability and economic development [4] Industry Impact - The project is anticipated to drive the coordinated development of the overall vanadium flow battery industry [4] - Ivanhoe Electric is also establishing VRB USA to construct a vanadium battery manufacturing facility in Arizona, indicating expansion outside of Asia [5]