Australia’s push towards renewable energy storage has strengthened with a memorandum of understanding which brings together vanadium producers, battery makers and commercial solar installers.
Vanadium miners Australian Vanadium has struck the deal with fellow Antipodean firm Sun Connect Pty Ltd for the marketing and sale of Gildermeister Energy Storage’s (GES) CellCube Vanadium Redox Flow Batteries (VRFB) in Australia.
The announcement follows an agreement with the German company GES to collaborate on future VRFB installations and electrolyte production in Australia.
Sun Connect and Australian Vanadium will explore opportunities to provide the entire range of CellCube systems produced in Austria and Germany.
Australian Vanadium’s managing director Vince Algar said: “The future of vanadium demand is strongly tied to the global need for large-scale energy storage.”
The agreements form a plank of the company’s vertical integration strategy, which involves the production of high-purity vanadium electrolyte, a core component of flow batteries.
Development of Australian Vanadium’s Gabanintha vanadium project in Western Australia is key to this strategy, says the firm.
