The demand for stationary energy storage is increasing due to the rise in renewable energy generation. One of the emerging technologies in this field is vanadium flow batteries.
Vecco, a Brisbane-based company, is at the forefront of this movement, supplying high-quality vanadium electrolyte to leading battery manufacturers. They are currently operating a 35 MWh vanadium electrolyte manufacturing facility in Townsville and are now planning to build a larger 300 MWh commercial production plant. The company has secured a 3.2-hectare site in the Townsville State Development Area for this facility, and the detailed design is in progress.
Vecco has partnered with Sumitomo Electric and the Australian arm of Japanese company Idemitsu to establish a complete manufacturing supply chain for vanadium flow batteries, covering everything from mining to energy storage. The aim is to have the entire supply chain operational by 2026 to meet the rapidly growing global demand for this technology.
Vanadium flow batteries are positioned to become a significant part of the future energy storage landscape, offering an alternative to the currently dominant lithium-ion batteries.
For organisations seeking to shift towards renewable energy, Procurement Australia offers a Renewable Power Purchase Agreement (PPA) that typically involves a solar farm, a wind farm, or a hybrid solar/wind farm solution. The Procurement Australia Energy Consulting team has extensive experience in renewable project valuations, including wind, solar, and battery projects, contact us to learn more.
Source: https://www.pv-magazine-australia.com/2024/02/28/vanadium-battery-players-partner-on-queensland-manufacturing-supply-chain/
