Ivanhoe Electric Inc. (IE) has released an update.
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Ivanhoe Electric Inc. has announced a significant $55 million investment into its subsidiary, VRB Energy, which will fund the establishment of a new vanadium redox flow battery manufacturing operation in Arizona and form a joint venture in China with Red Sun. This strategic move positions the company to expand its footprint in the clean energy sector, leveraging VRB Energy’s innovative large-scale battery systems that have already achieved commercial recognition.
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