The MOU is non-binding and for a term of two years with an option to renew for a further 12 months and offers opportunities to expand VRFB sales in the Australian market.
() has signed a Memorandum of Understanding (MOU) with Singapore-based vanadium redox flow battery (VRFB) manufacturer, V-Flow Tech Pte Ltd (V-Flow).
The MOU provides opportunities relating to VRFBs and includes development of:
Vanadium products (V2O5) offtake to V-Flow in Singapore to support global battery sales;
Vanadium electrolyte manufacture and supply in Australia for V-Flow VRFBs;
Sales agreement with AVL’s 100% owned subsidiary VSUN Energy for VRFB sales in Australia; and
VRFB service and maintenance.
The MOU is non-binding and for a term of two years with an option to renew for a further 12 months by agreement in writing, with a 30-day notice period on either side for termination.
“Underpins vanadium product sales”
AVL managing director Vincent Algar said: “As AVL confirms its offtake partner strategy for the Australian Vanadium Project, both battery and steel customers from diverse geographical regions will underpin our vanadium product sales.
“VRFB manufacturers around the world have their own particular product strengths and capabilities, offering variants of sizes and capacity.
“V-Flow’s small VRFB is now available from VSUN Energy to small commercial and residential customers, supporting a rapidly growing market sector in Australia.
“VSUN Energy is actively working on deployment of V-Flow VRFB’s into projects in the Australian market, as well as the south-east Asian market.”
The V-Flow VRFB will be marketed to both on and off-grid residential customers, telecommunications and grid-attached small commercial settings – and it can be deployed immediately to this smaller range size of customer as the company has a Clean Energy Council compliant inverter system.
“Developing market in Australia”
V-Flow CEO Dr Avishek Kumar said: “Australia has great potential for small to mid-size batteries for household and remote microgrid application.
“V-Flow batteries are a safe and higher performing product, designed to meet this market segment.
“We are privileged to partner with VSUN Energy to jointly develop this market in Australia.
“VSUN Energy has a strong base in Australia and already has many potential opportunities for our batteries.
“In addition, our partnership with AVL will be able to boost the supply chain strategy for vanadium electrolyte.
“We are looking forward to powering many more Australian homes with locally produced electrolyte from AVL and contributing towards circular economy.”
VRFB longevity and durability
VRFBs are characterised by longevity and durability and offer a non-flammable energy storage with virtually unlimited cycles.
V-Flow’s VRFBs can operate in a temperature range of -10°C to +55°C without active cooling and the batteries have a lifespan of 25 years, with a stable performance guarantee.
VSUN Energy has recently sold a 5kW/30kWh V-Flow VRFB as part of a standalone power system for a regional WA customer.