Australian Vanadium (ASX:AVL) has flagged the arrival of a 220,000 kWh vanadium flow battery (VFB) for the Horizon Power Project being undertaken by its wholly owned subsidiary VSUN Energy.
Australian Vanadium, which has a $114.27 million market capitalisation, says the battery has arrived in Fremantle and is destined for Western Australian utility Horizon Power’s site in Kununurra, where it will be used for a long duration energy storage pilot.
Australian Vanadium will move forward with factory acceptance testing (FAT) in conjunction with Horizon Power at the latter’s vanadium electrolyte manufacturing facility.
Testing is expected to take place in early 2024 and, during the FAT process, VSUN Energy will host a number of industry participants to view the battery.
Once final project components are received by Horizon Power, the battery will be deployed to Kununurra for VSUN Energy to install and commission.
The VFB, which is capable of delivering up to 78 kilowatts (kW) of power, has been supplied by global manufacturer Invinity Energy Systems (AIM:IES).
Australian Vanadium Chief Executive Officer (CEO) Graham Arvidson says the delivery of the VFB represents another key step in its ‘pit to battery’ strategy.
“We are looking forward to working with Horizon Power to successfully deliver this project, allowing the utility to benefit from the role that VFBs can play in enabling decarbonisation and providing reliable, low cost, long duration grid energy storage, with the potential for high levels of local content when coupled with AVL’s WA-made vanadium electrolyte.”
Australian Vanadium is a resource company with a ‘unique’ exposure to all aspects of the vanadium value chain — from resource through to steel and energy storage opportunities.
The company is focused on advancing the development of its namesake, ‘world-class’ Australian Vanadium Project at Gabanintha, which has a 239 million tonne (Mt) @ 0.73% vanadium pentoxide (V2O5) resource.
As of 30 September 2023, Australian Vanadium had $32.492 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Australian Vanadium