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Australian Vanadium eyes battery storage opportunities

AVL is preparing submissions to calls for EOIs from state governments.
Australian Vanadium eyes battery storage opportunities
Vincent Algar, managing director, Australian Vanadium

Australian Vanadium (ASX:AVL) is currently preparing a response to a call for expressions of interest (EOIs) for 80 megawatts of energy storage capacity in western Victoria.

AVL sells vanadium flow battery energy storage solutions through a dealership agreement with GILDEMEISTER Energy Storage GmbH.

The 80 megawatt call for EOIs follows the Victorian government’s call for EOIs in early March regarding a 20 megawatt storage capacity.

The Victorian government has also requested tender responses to establish a panel of providers to supply standalone power systems, for which AVL is preparing a response.

Elsewhere, the South Australian government has recently requested EOIs for 100 megawatts of energy storage, for which AVL is preparing a submission.


Background

AVL is advancing the development of its 100%-owned Gabanintha Vanadium project measuring 91.4 million tonnes at 0.82% vanadium.

The company also aims to develop a local production capacity for high-purity vanadium electrolyte, which forms a key component of vanadium redox flow batteries.

AVL is actively marketing vanadium redox flow batteries in Australia through a distribution agreement with world-leading flow battery manufacturer, GILDEMEISTER.

The first vanadium redox flow battery storage system has been sold and installed at a native tree nursery in Busselton, Western Australia.



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