Kibo commits to buying first VRFBs under agreement with CellCube

Renewable energy development company Kibo Energy has committed to buy, from energy storage system company CellCube, two vanadium redox flow batteries (VRFBs) for proof-of-concept energy storage projects. Kibo in May entered into an agreement to acquire a 51% interest in National Broadband Solutions (NBS) from Hasta Trust and to jointly assess and develop a portfolio of long-duration energy storage (LDES) projects in Southern Africa.