Australian Vanadium Limited (ASX: AVL) CEO Graham Arvidson tells Proactive the company’s subsidiary VSUN Energy has signed an agreement with Western Australia’s 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 Power’s support of the VFB technology will also assist AVL and VSUN Energy’s planned vertical integration “pit to battery” strategy. Future VFB projects in Australia will not only be deployed locally, but have significant local content, including AVL’s 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
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Australian Vanadium Limited is engaged in the advancement of the Australian Vanadium Project, exploration for vanadium/titanium and other economic resources, development of vanadium electrolyte production and the sale of vanadium flow batteries (VFB) systems. The Exploration segment includes Australian Vanadium Project and other exploration projects. The Energy storage segment include VSUN Energy Pty Limited's vanadium redox flow battery marketing and sales activities. The Electrolyte Plant segment is its vanadium electrolyte manufacturing facility in Western Australia. The Australian Vanadium Project consists of V-Ti-Fe deposit located in the Murchison Province 43 kilometers (kms) south of the mining town of Meekatharra in Western Australia and 740 km north-east of Perth. The Project consists of 15 tenements covering 200 square km. The Coates Project is located in the Shire of Northam, approximately 60 km east of Perth. The Nowthanna Hill deposit is located 50 km south of Meekatharra.
AUSTRALIAN VANADIUM LIMITED 
