PSA unboXed Partners with Energy Storage Solutions Provider VFlowTech

SINGAPORE : PSA unboXed — the corporate venture capital arm of PSA International — has partnered with Singapore-based energy storage solutions provider VFlowTech. This strategic investment will allow PSA unboXed to tap VFlowTech’s expertise in energy storage solutions.

PSA unboXed led the Extended Series A-2 funding round and with this, PSA will join other organisations like Real Tech Holdings, SEEDS Capital, Wavemaker Partners, Sing Fuels, İnci Holding, Pappas Capital, Carbon Zero Venture Capital and other investors in supporting VFlowTech’s move towards hybrid long-duration energy storage solutions.

Head of unboXed, and Technology and Sustainability Solutions at PSA Alvin Foo said, “With this investment, PSA unboXed looks forward to leveraging VFlowTech’s deep expertise and resources in long duration energy storage solutions as we grow our capabilities in Battery Energy Storage System and Smart Grid Management System in the port area. VFlowTech’s commitment to pioneering advancements in energy storage technology is an excellent fit with PSA’s sustainability strategy, decarbonisation journey and net zero ambition in the long-term.”

VFlowTech is an award-winning energy storage solutions provider that manufactures low-cost and efficient modular vanadium redox flow batteries (VRFBs) which have a lifespan of up to 25 years.