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A 5kW/30kWh VRFB package with vanadium electrolyte ready for assembly and testing at CADDS Group.
Australian Vanadium Ltd (ASX:AVL) (OTCMKTS:ATVVF) (FRA:JT71) subsidiary VSUN Energy has engaged CADDS Group to undertake local design and consultancy for its 5kW/30kWh residential Vanadium Redox Flow Battery (VRFB), which recently arrived from China.
CADDS Group, a Western Australian design and consultancy group, will design a new housing for the VRFB system and provide potential design changes to improve the battery for Australian residential market conditions.
This forms part of VSUN’s evaluation of the recently imported 5kW/30kWh VRFB, which has been manufactured by Chinese VRFB manufacturer CEC VRFB Co Ltd (CEC).
The VRFB will be tested onsite at CADDS with the help of engineering capability from Curtin University.
To ensure product for Australian market
AVL managing director Vincent Algar said: “We are looking forward to working with CADDS Group to develop the design for the residential VRFB.
“This will give us the opportunity to provide feedback to CEC and ensure that the product is ideal for the Australian market.
“By initiating market growth in smaller systems we anticipate a knock-on effect for larger VRFB uptake, which in turn will grow the market for vanadium pentoxide in energy storage.”
In September last year, AVL signed an MOU with Gui Zhou Collect Energy Century Science and Technology Co Ltd, trading as CEC, to develop residential VRFB for the Australian market.
This MOU includes product development for CEC's residential VRFB for the Australian market.
On successful completion of testing, VSUN Energy plans to deploy the unit to a residential customer with a single-phase system, for tests to be completed in a residential environment with solar energy input.
Factors favouring VFRB
VSUN Energy will refine market-ready residential and small business VRFB’s for the Australian energy storage market, with units expected to be available early this year.
According to the company, the large capacity (up to 30kWh) enables higher energy self-consumption from the VRFB during peak hours of solar energy stored during the daylight hours and it significantly increases the renewable energy penetration when compared with other system configurations.
The large capacity also allows an option to export excess generation at the Government of Western Australia Distributed Energy Buyback Scheme rates.
Algar said: “With the State and Federal Government’s eagerness for increasing manufacturing and green energy capability in Australia, this project is being launched at an ideal time.
“AVL’s plans for vanadium electrolyte production also aligns with both Federal and State government strategies.”
In addition to this work, VSUN has recently ordered a 5kW/30kWh VRFB from V-Flow Tech in Singapore for a regional residential customer in Western Australia and another for the Beverley Caravan Park.
AVL shares have been more than 12% higher to 1.75 cents intraday, approaching the 12-month high of 1.8 cents.
Source: Proactive Investors 2021
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- [Editor:wenxin]
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