Australian Vanadium Ltd
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 Ltd signs CellCube battery sale with Gildemeister
Australian Vanadium Ltd (ASX:AVL) have sold their first CellCube energy storage system, a key step in their vertically integrated strategy.
The sale confirms that AVL has a valid strategy to deliver vanadium products to end users that can be sourced and processed through the company's mine and plant.
The battery sale follows the recent completion of a distribution agreement with Gildemeister.
Further sales leads for 22 projects have already been developed.
The vanadium flow battery is to be installed at a Busselton agricultural property as part of a solar installation.
Vincent Algar, managing director, commented: "Seeing is believing and the installed CellCube FB 10-100 will allow VSUN to showcase the benefits of large battery storage devices to commercial customers.
"This includes the ability to time-shift up to 10 hours of power usage, by storing cheap, renewable energy from the solar PV system for later use."
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2017-05-02
