Western Australia gov backs AVL's vanadium electrolyte manufacturing platform
ASX-listed Australian Vanadium Limited (AVL) has secured $15-million in funding from the Western Australian government's Investment Attraction Fund, which covers 50% of the funding required for AVL's first vanadium electrolyte manufacturing facility using its proprietary V-Nomad electrolyte production technology platform.
The funding, granted under the fund's New Energies Industries Funding Stream Round 2, will support the design, construction and commissioning of the proposed vanadium electrolyte manufacturing facility, with AVL responsible for meeting the balance of the project funding requirements.
The facility is planned to provide a high-capacity electrolyte manufacturing solution capable of supporting gigawatt-hour-scale vanadium flow battery projects.
The V-Nomad technology platform has been independently developed by AVL as a relocatable vanadium electrolyte manufacturing solution that can be co-located with vanadium flow battery energy storage systems to reduce electrolyte costs. AVL intends to support the future deployment of vanadium flow battery projects, including long-duration energy storage projects being developed by its wholly-owned subsidiary VSUN Energy.
"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.
“We thank the Western Australian government for its continued support for the development of domestic vanadium supply chains," says AVL CEO Graham Arvidson.
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