Australian Vanadium sells redox flow battery

Resources and chemicals group Australian Vanadium (ASX: AVL) has sold a vanadium redox flow battery (VRFB) energy storage system to be installed at a dairy farm in Meredith, Victoria.

The 80kW power, 320 kWh energy storage VRFB will be installed with a 450kW pv solar system, providing a minimum of four hours of renewable energy storage.

The system was sold by Australian Vandium’s subsidiary, VSUN Energy in conjunction with Profit Share Power.

Vandium redox flow batteries are non-flammable and able to discharge 100 per cent of their energy without harming the system.

They are preferred for large-scale stationery uses and are simpler to recycle at the end of their life.

Australian Vanadium is developing large-scale vanadium deposits and manufactures the vanadium electrolyte used in the battery in Australia. The battery is manufactured in the United States.

Meredith Dairy has been paying a premium to purchase renewable power from the grid, with renewables part of its marketing stance.

Owner Andy Cameron said: “To provide cost security of supply at a lower price than we buy our power for now, installing our own system made sense.”

Cameron said profitability and sustainability are not mutually exclusive.

“Our goal is to sow that businesses can be profitable…but at the same time run a sustainable business that will have a positive impact on the planet.”

Picture: Australian Vanadium/Avalon Battery

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