[Ferro-Alloys.com] Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to provide an update on the progress of the vanadium flow battery (VFB) project being undertaken by its 100% owned subsidiary VSUN Energy for Western Australian utility Horizon Power.

AVL’s Chief Executive Officer, Graham Arvidson comments, “The arrival of the vanadium flow battery for VSUN Energy’s Horizon Power project demonstrates another key step in AVL’s ‘pit to battery’ strategy. We are looking forward to working with Horizon Power to successfully deliver this project, allowing the utility to benefit from the role that VFBs can play in enabling decarbonisation and providing reliable, low cost, long duration grid energy storage, with the potential for high levels of local content when coupled with AVL’s WA-made vanadium electrolyte.”

Horizon Power entered into a contract with VSUN Energy in July 2023 to purchase its first VFB. The battery will be used for a long duration energy storage pilot in Kununurra, northern Western Australia.

The VFB has been supplied by leading global manufacturer Invinity Energy Systems plc (AIM: IES). The battery has now arrived in Fremantle, Western Australia and will be transported to AVL’s vanadium electrolyte manufacturing facility for factory acceptance testing (FAT).

The 220kWh battery, which can deliver up to 78kW of power, will undertake FAT in early 2024. During the FAT process, VSUN Energy will host a number of industry participants to view the battery. Tests of the VFB will be held in conjunction with Horizon Power and will demonstrate a variety of use cases. After final project components are received by Horizon Power, the battery will be deployed to a site in Kununurra for VSUN Energy to install and commission

ABOUT AUSTRALIAN VANADIUM LTD

AVL is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain – from resource through to steel and energy storage opportunities. AVL is advancing the development of its world-class Australian Vanadium Project at Gabanintha. The Australian Vanadium Project is one of the most advanced vanadium projects being developed globally, with 239Mt at 0.73% vanadium pentoxide (V?O?), containing a high-grade zone of 95.6Mt at 1.07% V2O5 and an Ore Reserve of 30.9Mt at 1.09% V2O5 comprised of a Proved Reserve of 5Mt at 1.11% V2O5 and a Probable Reserve of 20.4Mt at 1.07% V2O5, reported in compliance with the JORC Code 2012 (see ASX announcement dated 1st November 2021 ‘Mineral Resource Update at the Australian Vanadium Project’ and ASX announcement dated 6th April 2022 ‘Bankable Feasibility Study for the Australian Vanadium Project’).

VSUN Energy is AVL’s 100% owned renewable energy and energy storage subsidiary which is focused on developing the Australian market for vanadium flow batteries for long duration energy storage. VSUN Energy was established in 2016 and is widely respected for its VFB expertise. AVL’s vertical integration strategy incorporates processing vanadium to high purity, manufacturing vanadium electrolyte and working with VSUN Energy as it develops projects based on renewable energy generation and VFB energy storage.

• [Editor:tianyawei]