Vanadium MOU Signed with Spanish VRFB Manufacturer E22

AVL and E22 to collaborate on offtake of vanadium pentoxide, vanadium electrolyte and battery sales into the Australian and global markets

• E22 is a Spanish vanadium redox flow battery (VRFB) manufacturer and subsidiary of global solar and battery specialist Gransolar Group.
• AVL is developing the Australian Vanadium Project south of Meekatharra in Western Australia, the world’s next primary critical mineral vanadium mine for high-strength, low-alloy steel and energy storage.
• Funded partly by an Australian Government grant, AVL will build a value-adding vanadium electrolyte manufacturing plant in Kwinana, WA, capable of producing 33MWh of energy storage capacity for the VRFB sector.
• VSUN Energy, the renewable energy generation and storage subsidiary of AVL, is actively developing markets for VRFBs in Australian markets.
• E22’s VRFB products offer a diversity of power and energy storage sizes, providing flexible implementation options in long duration storage.
• Memorandum of Understanding signed for:
  • Vanadium pentoxide supply for E22’s global battery installations;
  • Vanadium electrolyte supply for VRFB installations in Australia;
  • Vanadium electrolyte leasing for VRFB projects in Australia; and
  • Sale of VRFBs through AVL’s subsidiary VSUN Energy.