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.