Published: May 21, 2024 |

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Australian Vanadium Ltd. (AVL) has completed the work for which it received a grant under the Australian Government’s Modern Manufacturing Initiative, awarded in 2021.

The company has now received the final payment of $615,000 (A$922,000) from the $247 million (A$3.69 million) grant under the manufacturing translation (MMI-T) stream of the Resources Technology and Critical Minerals Processing National Manufacturing Priority Roadmap.

FIRST HIGH-PURITY VANADIUM ELECTROLYTE

The grant supported the design and construction of AVL’s vanadium electrolyte manufacturing facility, which has successfully produced its first high-purity vanadium electrolyte.

Vanadium electrolyte is a key component of vanadium flow batteries (VFBs), which are well-suited to large-scale energy storage applications.

These batteries offer high energy storage capacity and a long cycle life, with minimal degradation over their long lifespan.

The grant provided AVL with matched funding for initiatives including:
• Design and construction of AVL’s commercial vanadium electrolyte manufacturing facility to support the rollout of vanadium flow batteries in Australia
• Development of a high-purity processing flowsheet for a circuit to produce chemical and master-alloy grade vanadium pentoxide as part of the Australian Vanadium Project
• Design and manufacture of a prototype residential vanadium flow battery and stand-alone power system for the Australian energy market

In addition to this grant, AVL received a $32.7 million (A$49 million) grant under the Modern Manufacturing Initiative — manufacturing collaboration (MMI-C) stream, awarded in 2022 and still ongoing.

PIVOTAL TIME FOR RENEWABLES

“AVL is extremely grateful to have been supported by the Australian Government to build and bring our vanadium electrolyte manufacturing facility into operation, particularly at this pivotal time of transforming Australia into a renewable energy superpower,” said CEO Graham Arvidson.

“Having this production facility in Western Australia forms part of the company’s ‘pit to battery’ strategy, which also comprises mining and processing of vanadium in the state and further downstream activities in the vanadium flow battery market,” added Arvidson.

“In addition, we have been able to produce ultra-high purity vanadium products and begin development of a residential vanadium flow battery prototype and standalone power system,” concluded Arvidson.

OPENED BY MINISTER

The electrolyte manufacturing facility was officially opened in January 2024 by Federal Resources Minister Madeleine King.

The grant also funded the design of an ultra-high purity processing circuit to produce chemical and master-alloy grade vanadium pentoxide as part of the Australian Vanadium Project.

Additionally, it supported the development of a prototype residential VFB and stand-alone power system for the Australian energy market.

AVL recently announced achieving ultra-high purity 99.9 percent V2O5 through test work with the Australian Nuclear Science and Technology Organization (ANSTO).

The prototype residential VFB, designed with 5 kW of power and 15 kWh of energy capacity, offers flexibility, minimal degradation over 25 years and non-flammability.

Development continues with installation at a residential property expected soon for further testing by AVL’s VFB-focused subsidiary VSUN Energy.

Source: Proactive Investors

Australian Vanadium is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain — from resource through to steel and energy storage opportunities. AVL is advancing the development of its world-class Australian Vanadium Project at Gabanintha. VSUN Energy is AVL’s 100 percent owned renewable energy and energy storage subsidiary which is focused on developing the Australian market for vanadium flow batteries for long duration energy storage. VSUN Energy was set up in 2016 and is widely respected for its VFB expertise. AVL’s vertical integration strategy incorporates processing vanadium to high purity, manufacturing vanadium electrolyte and working with VSUN Energy as it develops projects based on renewable energy generation and VFB energy storage.

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