VFlowTech, MOL (Asia Oceania), and MOL PLUS Sign MoU for Strategic Collaboration on LongDuration Energy Storage to Drive Sustainability in Southeast Asia’s Logistics and Maritime sector
VFlowTech Pte Ltd. (VFlowTech; CEO & Co-Founder: Dr. Avishek Kumar; Headquarters: Singapore), MOL (Asia Oceania) Pte. Ltd. (MOLAO; Managing Director: Jotaro Tamura; Headquarters: Singapore), and MOL PLUS Co., Ltd. (MOL PLUS; CEO: Takuya Sakamoto; Headquarters: Minatoku, Tokyo) announced the signing of a Memorandum of Understanding (MoU) to form a strategic collaboration aimed at advancing long-duration energy storage solutions in Southeast Asia. The MoU establishes a framework for leveraging VFlowTech’s cutting-edge vanadium redox flow battery (VRFB) technology to promote sustainable energy initiatives across MOL Group’s operations in the region.
The tripartite partnership will focus on deploying VFlowTech’s VRFB technology to support the transition to renewable energy in logistics and maritime applications. The collaboration aligns with MOL Group’s commitment to decarbonization, emphasizing the integration of innovative long-duration energy storage solutions for port facilities, warehouses, and cold chain systems.
Driving Strategic Partnerships for Decarbonization
Under the MoU, MOLAO will lead business development efforts to explore practical applications for VFlowTech’s VRFB technology across MOL Group’s logistics network in Southeast Asia, while also seeking opportunities to collaborate with other stakeholders in the region to scale up the adoption of energy storage solutions. The agreement aims to create commercial synergies and accelerate the region’s shift toward sustainable energy infrastructure.
“We are excited to formalize our collaboration with VFlowTech through this MoU. By integrating advanced energy storage solutions, we can reduce our environmental impact and enhance operational resilience in our logistics operations.” said Hideyuki Irisawa, Director, MOLAO
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Expanding Opportunities Through Strategic Collaboration
As part of the MoU, MOL PLUS will support efforts to promote VFlowTech’s VRFB technology within the maritime industry and identify additional opportunities for the practical deployment of long-duration energy storage solutions in India and other regions outside Southeast Asia. The partnership represents a significant step forward in developing scalable solutions that contribute to a carbon-neutral future.
“We see great potential in VFlowTech’s VRFB technology to transform energy usage across the logistics industry. The logistics industry often requires time to gain consensus among stakeholders. This is especially true when aiming for carbon-neutral port solutions like VFlowTech. We commit to keep moving VFlowTech forward, step by step, towards our goal, even in such situations.” said Takuya Sakamoto, CEO, MOL PLUS.
“We are delighted to partner with MOL PLUS and MOLAO under this MoU to bring our innovative VRFB technology to critical infrastructure within the region. This collaboration will enable us to accelerate the deployment of clean energy solutions, delivering both environmental sustainability and economic growth in the region.” said Dr. Avishek Kumar, CEO & Co-Founder, VFlowTech.
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