Australian Vanadium (ASX:AVL) has sold another vanadium battery energy storage system through its subsidiary, VSUN Energy.
VSUN Energy will install a 80kW/320kWh battery (also called a VRFB) at a dairy farm in Meredith, Victoria which follows the sale of a 20kW/80kWh energy storage battery to an orchard in Pakenham (also Victoria) in early September.
The same month, VSUN applied for a WA government grant to fund a vanadium-led renewable energy solution at Strelley Community School in the Pilbara region.
VSUN business development manager Sam McGahan told Stockhead that the company is only making small margins on the batteries at the moment, but this would grow as the volume of sales increased.
“We are seeing increased interest from the agricultural sector and remote communities,” McGahan says.
“For anyone who’s reliant on diesel, vanadium redox flow batteries are a great way to reduce diesel costs, reduce the impact of the noise of generators (this applies particularly to mining camps) and reduce emissions.
“It is a very large market in Australia.”