Australian Vanadium will build its high purity vanadium electrolyte manufacturing facility in the Perth suburb of Wangara, as the company expects vanadium redox flow (VFRB) adoption to surge in Australia.
The factory is on track for commissioning in September this year, provided equipment ordered from the vanadium supplier US Vanadium arrives on time.
It is also on track to meet the budget expectations made in 2021 of $7.4 million, CEO Graham Arvidson told RenewEconomy.
The company has a grand plan to process the minerals mined at its yet-to-be commissioned Australia Vanadium Project at Gabanintha, near Meekatharra in Western Australia, and then turn it into the fuel its energy storage subsidiary VSUN Energy needs for its vanadium redox-flow batteries.
“The company plans to explore opportunities to replicate this electrolyte facility on the east coast of Australia, to supply additional electrolyte for VRFB projects slated to be deployed in a variety of States and Territories,” Arvidson said in a statement.