Australian Vanadium Ltd (ASX:AVL), formally known as Yellow Rock Resources, is focussed on vanadium at its flagship Gabanintha project in Western Australia.
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Australian Vanadium and Sun Connect in MoU for Redox Flow Batteries
Australian Vanadium (ASX:AVL) has signed a memorandum of understanding with Sun Connect Pty Ltd for the marketing and sale of Vanadium Redox Flow Batteries in Australia.
This follows an agreement signed with Gildemeister Energy Storage this week to collaborate on future Vanadium Redox Flow Battery (VRFB) installations and electrolyte production in Australia.
Today's agreement further underpins collaboration on market opportunities for Vanadium Redox Flow Batteries throughout Australia.
Australian company Sun Connect is one of the five largest installers of commercial solar in Australia and installed more than 3,000 solar systems nationwide and installed more than 9 megawatts of commercial solar systems.
As managing director of Australian Vanadium Vince Algar said this week: "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.
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