AVESS will demonstrate its VFB prototype at Atlantic’s world-class Windimurra Vanadium Project, located 670km north of Perth and 80km from Mount Magnet, Western Australia.

Related article: AVESS to build vanadium flow battery plant in South Korea

The demonstration will integrate AVESS’ VFB prototype and solar PV into an existing disconnected microgrid to power non-essential loads on the Windimurra Vanadium Mine campsite.

The Atlantic partnership signifies a transformational opportunity for AVESS to validate its VFB technology with a proven vanadium developer while cementing AVESS’ position in the Australian mining sector and growing its VFB market share.

The two businesses will now work towards regulatory approvals and definitive agreements.

AVESS Energy managing director Young Yu said, “We are grateful for this opportunity to showcase our VFB, and we look forward to growing our partnership with Atlantic.

Related article: AVESS rebrands, reveals five-hour vanadium flow battery

“The deployment of our 50Kw/250Kwh VFB at Windimurra represents a significant milestone for AVESS Energy.

“This exciting partnership is another step towards the development of the local vanadium supply chain.”

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Related article: AVESS rebrands, reveals five-hour vanadium flow battery

Unicoh ESS Co Ltd will invest AUD$10.2 million to build a 500-tonne vanadium electrolyte sulfate manufacturing plant on a 24,235sqm site in South Korea’s Yeongil Port Industrial Complex Foreign Investment Zone.

The manufacturing plant is expected to create more than 60 direct jobs in Pohang City. The company is expected to invest AUD$4 million in Unicoh ESS Co Ltd to provide general working capital while strengthening its positioning in the global VFB market.

AVESS is now expected to pursue vanadium offtake opportunities with local vanadium developers to enhance Australia’s vanadium value chain.

AVESS Energy managing director Young Yu said, “The creation of Unicoh ESS and the signing of this vanadium electrolyte manufacturing MoU strengthens AVESS’ capabilities and positioning in the global vanadium electrolyte market, as we edge closer towards Australian-made vanadium batteries.

“Unicoh ESS comes at an exciting time as we synergise decades of complementary capabilities and expertise across the electrolyte space, while this MoU is another demonstration of our readiness to locally manufacture commercial-scale VFBs.”

Related article: Vanadium electrolyte manufacturing facility opens in WA

The global vanadium electrolyte market size is projected to be worth US$126.3 million (2023) and is expected to reach US$537.8 million by 2030, growing at a CAGR of 23% between 2023 and 2030.

The post AVESS to build vanadium flow battery plant in South Korea appeared first on Energy Source & Distribution.

Related article: Vanadium electrolyte manufacturing facility opens in WA

The rebranding to AVESS Energy closely follows the company’s successful commissioning of a 50kW VRFB in Perth on January 19, 2024, signifying the Australia-first manufacture of a commercial-scale single-module VRFB.

AVESS Energy is preparing its 50kW VRFB for commercial demonstrations in the mining sector.

AVESS Energy managing director Young Yu said, “Our rebrand to AVESS Energy supports a deeper decarbonisation purpose to provide sustainable, safe, and efficient VRFBs to the energy, mining, and utility sectors.

“The name AVESS Energy represents the capabilities, expertise, and insights that our team brings to Australia’s energy storage mix.

“We understand the complexities and language of energy, mining, and utilities, and our new branding brings us in closer alignment with these sectors.

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“The rebranding also speaks to our mission to provide a local downstream VRFB solution to some of Australia’s most complex energy storage problems,” Yu said.

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