The National Housing Authority (NHA) has signed a memorandum of understanding with Cellennium (Thailand), the sole licensee of vanadium fuel-cell manufacturers, and property developer Horseshoe Point Co.

The three partners will collaborate to build energy-saving housing projects that will use renewable power. The project is targeted at middle- and low-income earners.

Vitoon Jiasakul, NHA's governor, said the three parties will jointly study ways to develop the project using renewable energy. The preferred choice is solar power installed on the roofs of each house.

Homeowners can use the electricity generated for free while excess output can be sold back to the grid.

The NHA plans to develop 50,000 units under this concept in Greater Bangkok from 2012-18.

The first phase will cover 25 projects with 15,000 units.

Residents will share the installation cost of 1,000 baht a month for the first eight years in order to receive free power.

Krisada Kampanatsanyakorn, the chairman of Cellennium (Thailand), said the vanadium redox-flow battery technology was created for electric storage and power generation providing unlimited capacity.

The battery can be recharged simply by replacing the electrolyte if there is no available power source to charge it.

Horseshoe Point used the technology at its project in Pattaya and lowered monthly power bills by 50%, with a 100% cut _ meaning it will be free _ expected in the future.

The National Housing Authority (NHA) has signed a memorandum of understanding with Cellennium (Thailand), the sole licensee of vanadium fuel-cell manufacturers, and property developer Horseshoe Point Co.

The three partners will collaborate to build energy-saving housing projects that will use renewable power. The project is targeted at middle- and low-income earners.

Vitoon Jiasakul, NHA’s governor, said the three parties will jointly study ways to develop the project using renewable energy. The preferred choice is solar power installed on the roofs of each house.

Homeowners can use the electricity generated for free while excess output can be sold back to the grid.

The NHA plans to develop 50,000 units under this concept in Greater Bangkok from 2012-18.

The first phase will cover 25 projects with 15,000 units.

Residents will share the installation cost of 1,000 baht a month for the first eight years in order to receive free power.

Krisada Kampanatsanyakorn, the chairman of Cellennium (Thailand), said the vanadium redox-flow battery technology was created for electric storage and power generation providing unlimited capacity.

The battery can be recharged simply by replacing the electrolyte if there is no available power source to charge it.

Horseshoe Point used the technology at its project in Pattaya and lowered monthly power bills by 50 per cent, with a 100 per cent cut – meaning it will be free – expected in the future.

PTT, in collaboration with Cellennium (Thailand), is researching and developing the vanadium redox flow battery (VRFB), a new-technology power storage system for use in electric cars, power and computer systems in buildings and for renewable energy such as wind and solar farms.

The two companies aim to have a pilot project up and running within a year.

Chaicharearn Atibaedya, executive vice president for the PTT Research and Technology Institute, recently said VRFB, which is a type of rechargeable flow battery, is one of the latest technologies for storing energy, particularly in electric vehicles and renewable-energy facilities, which many companies around the world are developing.

PTT foresees that electric cars will soon be commercially available in Thailand, while renewable-energy systems like solar and wind farms are growing in the country.

However, one of the weaknesses of alternative energy is the storage of the power created. VRFB will help overcome the obstacle, resulting in more effective use of the energy, he said.

Besides, VRFB can be used in large power systems in buildings. The strength of VRFB is that it can discharge power for long periods, resulting in an undisrupted supply, he said.

Moreover, vanadium is an environmentally friendly chemical, unlike cadmium, which is widely used in small batteries but is now banned in the European Union.

"If we are successful in VRFB development, it will support PTT's renewable-energy business. [For example,] PTT subsidiary Bangchak Petroleum is developing solar farms in Ayutthaya province. It can employ this technology for the efficiency of the solar power. This development is in line with PTT's policy on using energy efficiently," he said.

PTT recently signed a memorandum of understanding with Cellennium (Thailand), the sole local licensee to commercialise vanadium fuel cells in the Kingdom.

Chaicharearn expects VRFB development to be run as a pilot project at PTT's Research and Technology Institute within a year. The technology would help the institute run its research more smoothly, as there would be no power disruption during operations.

He added that PTT generally allocated 3 per cent of its annual net profit for research and development, higher than the country's average R&D spending of less than 1 per cent. PTT's Research and Technology Institute this year has been allocated about Bt2.4 billion for R&D.

"We expect the allocation [in PTT] for R&D will rise to 7 per cent in the near future. Most of the R&D budget now is spent on the development of oil and petrochemical products, new technology like VRFB and the development of a means to produce oil from algae," he said.

PTT collaborates with Cellennium in conducting a research study to develop the application technology of Vanadium Redox Flow Battery (VRFB), a Thai innovative technological device for more efficient and eco-friendly energy storage, focusing on stationary and mobile applications in both industry and transport sectors, while helping drive the production and utilization of renewable energy.

On June 11, 2010, at PTT Research and Technology Institute, Wang Noi, Ayutthaya Province, Dr.Songkiert Tansamrit, Executive Vice President, PTT Research and Technology Institute (PTT RTI), PTT Public Company Limited (PTT), signed a Mutual Nondisclosure Agreement with Mr.Krisada Kampanatsanyakorn, Executive Chairman, Cellennium (Thailand) Company Limited (Cellennium) for undertaking a collaborative research study to develop the application technology of Vanadium Redox Flow Battery (VRFB), a viable technology for higher capacity of energy storage. The study will be geared to enhance the stationary and mobile applications in industry and transport sectors, while focusing on dynamically driving the use of renewable energy generated from power resources such as wind, solar and biomass.

In 1978, Vanadium Redox Flow Battery (VRFB), was patented by a founder of Cellennium (Thailand) Co.,Ltd. It is a kind of rechargeable flow battery that provides unlimited capacity by using larger and larger storage tanks. It can be recharged simply by replacing the electrolyte if there is no available power source to charge it. This unique and useful device of battery is suitable for energy-storage applications, especially in small-scale electricity generation driven by renewable energy whereby the efficiency for storing and discharging of electricity will be significantly enhanced.

Dr.Songkiert Tansamrit, Executive Vice President, PTT Research and Technology Institute, stated that this collaborative research study for the development and evaluation of the application technology of Vanadium Redox Flow Battery, will help stimulate Thailand's production and utilization of renewable energy. It is aimed to correspond with "Thailand's Renewable Energy Development Plan" (15 years : 2008-2022) with the target to increase the use of renewable energy from 6.4 percent in 2008 to 20 percent of total energy consumption in 2022.

Mr.Krisada Kampanatsanyakorn, Executive Chairman, Cellennium (Thailand) Company Limited, added that the results from this collaboration would contribute to the achievement of the country's energy development scheme. The key driver of this technological device is the reliable and efficient VRFB battery that will be capable of storing and discharging electricity, gearing towards the transition from a petro/electric economy to a fully electric one thereby being eco-friendly and partly generated from renewable energy sources, as well as being motivated by the end of affordable fossil fuels.

Piriyathep Kanchanadul
Operations Director
CELLENNIUM (THAILAND) Co., Ltd.

Cellennium to present at:
Optimizing Energy Storage Forum 2010 30-31 March Beijing
The Westin Beijing Financial Street

Mr. Piriyathep Kanchanadul will offer his presentation during the Tech Soapbox portion of the program. He will be speaking on the novel aspects of non-inductive power conversion and generation, based on the unique characteristics of Cellennium's line of technologies.

For more information on the forum, please visit their website:

www.energystorageforum.com

The World Alternative Energy Science expo (WAESE 2009) will take place from 5 to 8 March at Maungthong Thani, Bangkok, Thailand.

The Ministry of Science and Technology has organized the World Alternative Energy Sciences Expo 2009 (WAESE 2009) to seriously exchange knowledge, ideas, experience, and establish the networks to solve this global warming issue. It is the first alternative energy science and technology exhibition of this type in Asia and the world.

WAESE2009 is the first alternative energy sciences and technology exhibition of its kind in Asia and the world.

International conference features in depth science and technologies from world recognized scientists. Business forum explores the business mechanisms from successful alternative energy industrialists.

K. Krisada Kampanatsanyakorn, Chairman & CEO Cellennium (Thailand) Co., Ltd. will be presenting the company's technology to this international gathering.

Bangkok, Thailand; 24 February 2009 – Cellennium (Thailand) Co., Ltd. Has been invited to present at CleanEquity Monaco 2009, the second annual environmental technology conference, organized by boutique investment bank, Innovator Capital. Mr. Krisada Kampanatsanyakorn, Chairman and CEO will present at this prestigious event on the 19th and 20th March 2009.

Up to 50 next generation, international Cleantech companies will present to senior members of the world's investment, political, media & construction industries. This invitation-only event provides a rare opportunity for investment, gathering intelligence, business development and exposure to breathtaking new science.

The lead sponsor is Barclays Wealth, which offers private banking services to wealthy clients in over 140 countries. The regional hosts are Monaco's Chamber of Economic Development and the International Chamber of Commerce. Other supporting organizations include: NYSE Euronext, UNEP FI, Invest Securities, the Hugin Group, the Prince Albert II of Monaco Foundation and the Societe des Bains de Mer.

Quote from Mr. Krisada Kampanatsanyakorn: "We are thrilled to have been chosen to present at this conference. This establishes our company amongst the global clean energy technology community and will considerably raise our profile".

The first production unit of Cellennium's technology was inagurated by HRH Prince Fredrik of Denmark.

This is a central focal point of a new ecologically friendly community development located at Horseshoe Point Resort and Country Club, Pattaya, Thailand.

Bangkok, Thailand 18 November 2008 - MFC Asset Management PLC, via its Energy Fund, has completed an investment of THB 355 million in Cellennium (Thailand) Co., Ltd. to bring the vanadium regenerative fuel cell technology to full production. Cellennium's aim is to achieve a full production capacity of 1 MW per month of regenerative fuel cell systems based on their vanadium redox flow technology. The applications of the regenerative fuel cell systems will focus on renewable energy sources. Cellennium's breakthrough technology to efficiently convert and store electricity is based on the recent advances in the regenerative fuel cell technologies exclusively licensed to them by Squirrel Thailand.

The main target markets within the initial focus of the company will be small distributed power plant operations, cellular telephone repeater stations, and mass transportation with the electric bus.

This investment of THB 355 million made by MFC's Energy Fund accounts for more than half of the Energy Fund's total investment made to-date of THB 675 million (as of January 2009) in companies operating in the power and alternative energy sector.

MFC is Thailand's first asset management company, established in 1975 with the Royal Thai Government as the key shareholder. It is the third largest asset management company in Thailand, and is publicly traded with assets totaling THB 234,364 million.

Cellennium Thailand Company Limited has been awarded a 3-year concession, lasting from June 2003 to June 2006, from the Ministry of Energy to commercially trade electricity with the grid. Future extension of the concession is possible. Cellennium has been operating a vanadium battery with solar PV system at the Gypsum Metropolitan Tower in Bangkok, and has been selling electricity to the Metropolitan Electricity Authority (MEA) since early 2004 via a net metering system.

Cellennium's concession was awarded under the Ministry of Energy's regulations enacted since 2002 to support very small power producers (VSPPs) who generate 1 MW or less , per location, of electricity from renewable energy sources.

The concession under the VSPP program marks and a very important achievement for Cellennium Thailand. With this concession and other possible future concessions, Cellennium can commercially apply its vanadium battery systems for electricity trading. Under the time-of-use (TOU) electricity pricing scheme, the vanadium battery can be used for arbitrage: storing electricity at night when the price is low and releasing electricity for sale to MEA during daytime hours when the price is high.

On January 23, 2003, Mitsubishi International Corporation ("MIC") had reached the completion of its strategic investment in Cellennium (Thailand) Company Limited ("Cellennium"). This investment will help Cellennium move ahead with the commercial production of its licensed vanadium reversible fuel cell technology for the production and storage of electricity from renewable sources (solar, wind, biomass). MIC's relationship with Cellennium will facilitate crucial raw materials supply, marketing and production in Thailand.

Cellennium is a company under the umbrella of the Squirrel Group. Cellennium has acquired the license from the Squirrel Group to be the exclusive manufacturer, service provider and distributor in Thailand of Squirrel Electricity Storage (SES), a novel Redox Flow Battery that utilizes vanadium as the electrolyte, and related systems and components in respect of applications for demand-shifting for buildings, telecommunications stations for mobile phones, buses, boats, forklifts, wind, solar and biomass-generated electricity. These commercial products, employing breakthrough inventions, will have wide markets and substantial benefits in the electrical energy sector of the economy.

The company plans to demonstrate its pilot units by the end of this year and begins the first production stage by the second half of next year.

Mitsubishi International Corporation (MIC), as a wholly owned subsidiary of Mitsubishi Corporation, is a unique knowledge-based company. Established in 1954 and headquartered in New York City, MIC offers a broad range of services to add value and create international business opportunities. MIC's primary businesses are international trade involving commodities, consumer and industrial products, complex project management and strategic finance and investment. These core businesses span the following market areas : chemicals, energy, information systems and services, living essentials, machinery and technology and corporate ventures.

MIC's key business strategy involves leveraging its knowledge of industries and markets around the world to create new, sustainable businesses. MIC also transforms opportunities into businesses by providing services to various industries at different stages of the product or project cycle. MIC adds value through its ability to finance and invest in the development of companies and projects, as well as through its expertise in developing the upstream and downstream activities needed for businesses to succeed. Strategically investing across crucial touch points, MIC helps create dynamic new ventures that benefit its business partners. MIC currently has more than 50 subsidiaries and affiliates designed to enhance revenues and develop strategic relationships domestically and internationally. For the year ended 31 December 2001, MIC generated trading transactions of US$ 6.73 billion, gross profit of US$ 118 million and net income of US$ 51 million.

Thailand's Board of Investment (BOI) has officially approved investment privileges to Cellennium (Thailand), Privileges include tax-based incentives, such as tax holidays and tariff exemptions, as well as non-tax benefits, such as guarantees, protections, permissions, and services

Cellennium (Thailand) has become the first licensee of Squirrel Holdings with rights to manufacture and sell exclusively in Thailand products and systems relating to energy storage, power conversion and power generation technologies owned by Squirrel Holdings. Cellennium soon will be able to commercialize energy storage, power conversion and power generation systems based on breakthrough technologies developed by Squirrel Holdings. Compensation for the license will be paid as both up-front cash and as royalties.