VSUN Energy is a subsidiary of Australian Vanadium Limited
Australian Vanadium Limited (ASX: AVL) is an emerging vanadium producer with a high-grade deposit near Meekatharra in Western Australia.
VSUN Energy was launched by AVL in 2016 to grow the vanadium redox flow battery (VRFB) market in Australia and now offers batteries from a range of manufacturers.
VSUN Energy will provide AVL with opportunities for vertical integration once The Australian Vanadium Project is in production. This will include mutually beneficial arrangements for the supply and consumption of vanadium.
AVL is also planning to construct a commercial vanadium electrolyte plant to supply VSUN Energy’s electrolyte demand, which will arise from VRFB sales.
Energy storage capacity is expected to grow to 185 GWh over the next few years. The VRFB is conservatively expected to capture 30% of this market, particularly in the large- and grid-scale energy storage markets.
This market share is anticipated due to the unique characteristics of the VRFB.
Technologies like the VRFB are the perfect energy storage solution as they are truly scalable, have a long lifespan, are safe and can be cost-effective when compared to escalating power prices.