MoU to develop vanadium flow batteries

Australian Vanadium (AVL) subsidiary VSUN Energy has signed a Memorandum of Understanding (MoU) with North Harbour Clean Energy (NHCE), specialist in renewable energy and energy storage projects.

It is particularly focused on long duration energy storage, including pumped hydro and vanadium redox flow batteries (VRFBs) for stationary energy applications. NHCE is also involved in a joint collaboration with the University of New South Wales (UNSW) in the research and commercialisation of VRFBs.

The MpU will allow VSUN Energy to help to facilitate development of VRFBs into existing and future projects being developed by NCHE.

AVL managing director Vincent Algar said NHCE was interested in supply of vanadium electrolyte from the company, product selection and project development support from VSUN Energy and the ability to position Australia as a centre of excellence and key player in the global VRFB supply chain.

“In working together on VRFB projects, VSUN Energy and NHCE will have the opportunity to support the development of large projects through access to a company with strong funding capability,” he said.

“Jointly the companies aim to grow the Australian vanadium energy storage sector and do justice to this Australian invented technology.”

NHCE managing director Tony Schultz said the technology was perfectly suited to long duration stationary energy storage, and had a number of advantages over alternative technologies.

The MoU provides a framework for the two companies to assess market opportunities for VRFB installations including potential for local manufacture or assembly of VRFBs and leasing facilities for vanadium electrolyte.

About Ray Chan

Editor of industrial titles and mastheads with Prime Creative Media. Publications include Rail Express and Australian Mining (web content).

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.