ATVVF - Australian Vanadium welcomes new battery project

(NewsDirect)

Australian VanadiumLimited (ASX: AVL) CEO Graham Arvidson tells Proactive the company’ssubsidiary VSUN Energy has signed an agreement with WesternAustralia’s regional energy provider, Horizon Power, for thepurchase, installation and commissioning of a VFB (vanadium flowbattery) in Kununurra, Western Australia. The 220kWh battery, whichcan deliver up to 78kW of power, will be sourced from leading globalVFB manufacturer Invinity Energy Systems plc.

Arvidson said, “Thisis the first contracted VFB project for an Australian energy utility.VSUN Energy has been actively pursuing opportunities for VFBdeployments and is seeing an increased interest from all energysectors for this effective energy storage technology which usesvanadium at its core.

“Horizon Powerhas chosen to be one of the early movers in Australia in support of atechnology game changer for the many microgrids in the country.Horizon Power’s support of the VFB technology will also assist AVLand VSUN Energy’s planned vertical integration “pit to battery”strategy. Future VFB projects in Australia will not only be deployedlocally, but have significant local content, including AVL’svanadium electrolyte from its plant which is currently underconstruction in Wangara, Western Australia.”

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

Copyright (c) 2023 TheNewswire - All rights reserved.