Australian Vanadium secures funding for electrolyte manufacturing

Australian Vanadium Limited (AVL) has announced a funding agreement with the Western Australian Government for $15 million in funding to support the design, construction and commissioning of the company’s first proposed vanadium electrolyte manufacturing facility utilising its V-NOMAD electrolyte production technology platform.

The facility is planned to provide a high-capacity electrolyte manufacturing solution capable of supporting gigawatt-hour-scale vanadium flow battery (VFB) projects, representing a material expansion of AVL’s existing electrolyte manufacturing capability.

The V-NOMAD technology platform has been developed by AVL as a relocatable vanadium electrolyte manufacturing solution intended to be co-located with VFB energy storage systems to reduce electrolyte costs.

“The awarding of this grant is an important milestone for AVL and recognises the progress we have made in developing vanadium electrolyte manufacturing capability in Western Australia,” said CEO Graham Arvidson. “The grant will support the next stage of development of our V-NOMAD platform and our broader strategy of integrating Western Australian vanadium production, electrolyte manufacturing and utility-scale vanadium flow battery deployment, including through opportunities pursued by our downstream business, VSUN Energy.”

VSUN Energy is AVL’s 100% owned renewable energy and energy storage subsidiary which is focused on developing the Australian market for VFBs for long duration energy storage.

The WA Government will contribute up to 50% of the project cost, capped at $15 million, with AVL responsible for meeting the balance of the project funding requirements.

Image: Conceptual render of a proposed V-NOMAD technology platform. Supplied.