Phenomenon resources The company (TSXV: PHNM; US-OTCQX: PHNMF) provided shareholders with an update on the significant progress made by MK Plus, the Japanese private battery company that is preparing to commercialize its revolutionary fast-charging vanadium solid-state batteries this summer.
The Canadian mining company holds a 5% stake in MK Plus through a purchase agreement signed in July 2023. Previous updates on MK Plus have remained brief while the Japanese company has focused on the early stages of corporate development and technical testing.
Securing the Swedish manufacturing base
MK Plus has secured a battery manufacturing plant in Sweden with a Swedish workforce and has confirmed orders to market the batteries. The company continues to develop an expanding client list across Europe and the Middle East as demand for alternative energy storage solutions grows.
The battery prototype passed performance tests in Germany during the first quarter of 2022 and received international certification. A pilot production facility in Japan began operations by the fourth quarter of that year, laying the foundation for commercial implementation.
Global expansion accelerated in early 2023 when MK Plus established EM Plus in Austria to create a strategic European base of operations. The company participated in the Burgenland State Accelerator Program in Austria and the Austrian government’s COMET program to promote research and industrial cooperation.
Major European demand confirms market demand
MK Plus held an event in Vienna on January 29, 2025, where the company confirmed the stable operation of the 500 Wh battery module. Following the demonstration, the Austrian subsidiary Ewig Macht Plus GmbH received a “Certificate of Availability” from the EU and obtained an official order for the purchase of 2.5 GWh of energy storage batteries from the Burgenland state government.
The project receives support from both the Austrian federal government and the European Union authorities. MK Plus expects the initial delivery to Burgenland to generate additional large-scale orders approaching €2 billion and expand industrial cooperation across the EU.
EU markets are showing increasing skepticism towards the installation of conventional lithium-ion batteries for large-scale energy storage due to fire risks. Market demand for alternative technologies including all-solid-state lithium batteries and sodium-ion solutions is increasing, although no other emerging battery technology has successfully developed kilowatt-hour-class units.
Technological advantages target multiple sectors
MK Plus and EM Plus have reported numerous inquiries from renewable energy companies across Europe as the battery energy storage market is experiencing rapid growth alongside global electrification and expansion of renewable energy.
Vanadium solid-state battery technology applies to the utilities, commercial facilities, real estate, transportation infrastructure and aviation sectors. VSB technology offers advantages over traditional energy storage, including exceptionally fast charging capabilities, superior safety features, cost savings, and extended operating life.
The batteries charge 100 times faster than lithium alternatives while reducing storage system costs by 75 percent and cooling costs by 90 percent. This technology offers full recyclability and provides 150 times more charging cycles than lithium battery systems.
Phenom plans to report additional MK Plus developments in the coming weeks and months as commercialization approaches.
More information is available at www.PhenomResources.com
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