Australian Vanadium welcomes new battery project

–News Direct–

Australian Vanadium Limited (ASX: AVL) CEO Graham Arvidson tells Proactive the companys subsidiary VSUN Energy has signed an agreement with Western Australias regional energy provider, Horizon Power, for the purchase, installation and commissioning of a VFB (vanadium flow battery) in Kununurra, Western Australia. The 220kWh battery, which can deliver up to 78kW of power, will be sourced from leading global VFB manufacturer Invinity Energy Systems plc.

Arvidson said, This is the first contracted VFB project for an Australian energy utility. VSUN Energy has been actively pursuing opportunities for VFB deployments and is seeing an increased interest from all energy sectors for this effective energy storage technology which uses vanadium at its core.

Horizon Power has chosen to be one of the early movers in Australia in support of a technology game changer for the many microgrids in the country. Horizon Powers support of the VFB technology will also assist AVL and VSUN Energys planned vertical integration pit to battery strategy. Future VFB projects in Australia will not only be deployed locally, but have significant local content, including AVLs vanadium electrolyte from its plant which is currently under construction in Wangara, Western Australia.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/australian-vanadium-welcomes-new-battery-project-453428855

Australian Vanadium Ltd

COMTEX_437490992/2655/2023-07-28T11:49:24