Australian company TNG Limited has established a vanadium redox flow battery (VRFB) business unit as part of its vertical integration strategy for one of its mines in the Northern Territory, Australia.
The launch of the business unit marks a growth and diversification step for the company’s wholly owned Mount Peake Vanadium-Titanium-Iron Project.
The commercial VRFB business unit will be owned by TNG Limited’s 100%-owned subsidiary TNG Energy.
TNG Energy aims to enter the alternative energy market as a supplier of VRFBs using its own high-purity vanadium electrolyte.
The Mount Peake Project is targeting production of 6,000 tonnes per annum of high-purity vanadium pentoxide, in addition to titanium dioxide pigment and iron ore fines products.
TNG previously produced high-purity vanadium electrolyte using vanadium pentoxide from the Mount Peake Project during pilot plant testwork with its engineering partner SMS group in October 2016.
TNG Energy will work with state and territory governments and seek support from federal agencies such as The Australian Renewable Energy Agency, to identify suitable sites to roll out VRFBs.
Work will commence on the project immediately, with an initial focus on the completion of a commercial, marketing and technical implementation strategy for the VRFB business under TNG Energy.