Protean Energy - POW(ASX) News & Expert Insights from Stockhead

Protean Energy (ASX:POW) is a vertically integrated vanadium resource and energy storage company focused on the advancement of its flagship Daejon vanadium/uranium project and commercialisation of vanadium redox flow battery (VRFB) energy storage systems. At the centre of the business is its high-quality vanadium and uranium deposit in South Korea, which is owned via a 50:50 partnership with KOSDAQ-listed DST Co.

Protean is also working alongside its 50 per cent Korean Partner, KORID Energy to develop its VRFB energy storage technology, which can store more power and last much longer than lithium-ion batteries. The company has run a successful trial of the technology in Australia, with funding from the Korean Institute of Energy Technology Evaluation and Planning (KETEP).

With applications for vanadium on the rise due to demand for electric vehicles, stationary storage and VRFB technology, Protean sees a number of commercialisation opportunities for its business.

KEY PEOPLE

Bevan Tarratt, Executive Chairman

Bevan Tarratt has an extensive background in the accounting and financial services industries having worked in various accounting and broking firms for the past 10 years. He is a former director of Pura Vida Energy NL an Australian-based African oil explorer listed on the ASX and has comprehensive practical business background having owned various medium sized retail businesses.

Wayne Loxton, Technical Director

Wayne Loxton has 30 years of experience spanning project development, feasibility studies, due diligence, capital raisings, mergers and acquisitions, asset divestments and introduction of best practices. In the resource sector, he has corporate and operational experience in gold, base metals and bulk commodities incorporating both underground and open-pit mining operations.

Young Yu, Non-Executive Director

Young Yu has worked across the private and public sectors in finance, consulting, trade and international business roles in both Australia and Korea. He is a Certified Practising Accountant and holds a Bachelor of Business (Accounting) Degree and an MBA from Curtin University in Western Australia. He worked as the Trade Commissioner to the Australian Trade Commission within the Australian Embassy in Seoul, Korea and served as Regional Director / Representative for the Western Australian Trade and Investment Office in Seoul, Korea.

David Wheeler, Non-Executive Director

David Wheeler has more than 30 years’ executive management experience, through general management, CEO and managing director roles across a range of companies and industries. He has worked on business projects in the USA, UK, Europe, New Zealand, China, Malaysia, and the Middle East (Iran).