Altairnano, Inc. (ALTI) and Shenhua Science & Technology Sign Memorandum of Understanding
It was recently announced that an agreement was signed by three parties to develop, deploy, and promote industrial applications of lithium titanate-based energy storage systems in China. Altairnano, Shenhua Science & Technology (Shenhua S&T) and its research affiliate, and the National Institute of Clean and Low-carbon Energy (NICE) signed a memorandum of understanding (MOU) that calls for the launch of a pilot project to deploy and test an Altairnano ALTI-ESS Advantage System at one of Shenhua's wind farms in China. As part of the MOU, a joint working group comprised of members of all three organizations was formed to define…