The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • A friend through tragedy: How broker helped Gold Star mom find dream home

  • Title Significant Block Trade of Dell Shares Maintaining Market Stability

  • Faraday Future’s new CEO outlines plan to improve funding, share sale; stock sinks

  • Nan and Company Properties adds two Houston brokers to team

  • VanillaSoft Receives Significant Growth Investment from

Australian Economy
Home›Australian Economy›Australian vanadium battery technology gets fresh shot at long duration game

Australian vanadium battery technology gets fresh shot at long duration game

By Megan
May 26, 2022
80
0
Share:
vsun vanadium flow battery

Australian vanadium redox flow battery maker VSUN Energy has joined forces with Sydney-based North Harbour Clean Energy to find and develop grid-scale opportunities for “Australian invented” long-duration battery storage technology.

The two companies said on Thursday that they had signed a memorandum of understanding (MoU) to facilitate development of vanadium redox flow batteries (VRFBs) into existing and future projects being developed by NHCE.

NHCE is a relative newcomer to the scene, founded roughly two years ago by managing director Tony Schultz, who has a background at private investment firm North Harbour Partners and before that at global investment giant KKR.

The company’s broad goal is to develop and operate renewable energy and storage projects, but its particular focus is on long duration energy storage, including pumped hydro and flow batteries for stationary energy applications.

NHCE is also part of the business and research partnership that won the backing of the previous Coalition federal government under its $50 million Trailblazer program, through which it is working with UNSW on the optimisation of VRFB cell design.

VSUN, which is the fully owned battery tech subsidiary of ASX-listed Australian Vanadium, has been working away at commercialising its take on vanadium flow batteries, which were originally developed out of UNSW in the 1980s.

Vanadium batteries are attractive as a long-duration energy storage option because of their ability to store large amounts of energy, their 20 year lifespan, a very high cycle performance, minimal degradation, and for being safe and non-flammable.

VSUN managing director Vincent Algar said on Thursday that the MoU between the two companies aimed to grow the vanadium energy storage sector and “do justice” to an Australian invented technology.

“In working together on VRFB projects, VSUN Energy and NHCE will have the opportunity to support the development of large projects through access to a company with strong funding capability,” Algar said.

NHCE’s Schultz said the partnership with VSUN Energy aimed to accelerate the roll-out of VRFBs at industrial scale in Australia, allowing the rapid uptake of renewable energy to continue.

“This technology is perfectly suited to long duration stationary energy storage, has a number of advantages over alternative technologies,” he said.

“Australia has a unique opportunity given its invention of the technology in the 1980s, coupled with our large share of known vanadium resources.”

To that end, VSUN’s parent company AVL has also had support from the federal government, via a grant of $1.25 million in 2020 towards helping it to become one of the world’s lowest-cost producers of vanadium.

The ASX-listed AVL said at the time it would use the CRC-P Grant money to help fund industry-leading critical metals research aimed at improving the efficiency of vanadium processing, and to decrease costs of the Australian Vanadium Project, AVL’s open-pit vanadium mine in Meekatharra, Western Australia.

Sophie Vorrath

Source link

Previous Article

Economy In Focus As New Australia PM ...

Next Article

Itc Shares Fall After Turning Ex-dividend. Good ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Australian Economy

    Economic Uncertainty and Financial Services Enforcement

    September 21, 2022
    By Megan
  • Australian Economy

    BHP, Fortescue sink; iron ore falls, China GDP ahead

    July 15, 2022
    By Megan
  • Australian Economy

    More energy savings for those doing it tough

    July 10, 2023
    By Megan
  • Australian Economy

    UK economy grows unexpectedly but still lags peers

    August 11, 2023
    By Megan
  • Australian Economy

    Work-related experiences of prostate cancer survivors in Australia: a qualitative study | BMC Public Health

    September 16, 2023
    By Megan
  • Australian Economy

    The Recovery in the Australian Tourism Industry | Bulletin – December 2022

    December 8, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Australian Economy

    Myefo 2021-22: what it predicts for the Australian economy, what it assumes, and what could go wrong | Australian economy

  • Financial Market

    Top 10 Best Personal Finance Companies In USA In 2023

  • Brokers

    FINRA: Broker Barred After Investing $2M Without Firm’s Approval

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • September 27, 2023

    A friend through tragedy: How broker helped Gold Star mom find dream home

  • September 27, 2023

    Title Significant Block Trade of Dell Shares Maintaining Market Stability

  • September 27, 2023

    Faraday Future’s new CEO outlines plan to improve funding, share sale; stock sinks

  • September 27, 2023

    Nan and Company Properties adds two Houston brokers to team

  • September 27, 2023

    VanillaSoft Receives Significant Growth Investment from

Best Reviews

Latest News

Brokers

A friend through tragedy: How broker helped Gold Star mom find dream home

But the broker acknowledged she was initially hesitant to do the deal. “I cried and didn’t want to do the loan,” she said. “I didn’t want to profit from it. ...
  • Title Significant Block Trade of Dell Shares Maintaining Market Stability

    By Megan
    September 27, 2023
  • Faraday Future’s new CEO outlines plan to improve funding, share sale; stock sinks

    By Megan
    September 27, 2023
  • Nan and Company Properties adds two Houston brokers to team

    By Megan
    September 27, 2023
  • VanillaSoft Receives Significant Growth Investment from

    By Megan
    September 27, 2023
  • Recent

  • Popular

  • Comments

  • A friend through tragedy: How broker helped Gold Star mom find dream home

    By Megan
    September 27, 2023
  • Title Significant Block Trade of Dell Shares Maintaining Market Stability

    By Megan
    September 27, 2023
  • Faraday Future’s new CEO outlines plan to improve funding, share sale; stock sinks

    By Megan
    September 27, 2023
  • Nan and Company Properties adds two Houston brokers to team

    By Megan
    September 27, 2023
  • A friend through tragedy: How broker helped Gold Star mom find dream home

    By Megan
    September 27, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • The stage is set for mining-led economic recovery

    By Megan
    December 1, 2020

Trending News

  • Brokers

    A friend through tragedy: How broker helped Gold Star mom find dream home

    But the broker acknowledged she was initially hesitant to do the deal. “I cried and didn’t want to do the loan,” she said. “I didn’t want to profit from it. ...
  • Financial Market

    Title Significant Block Trade of Dell Shares Maintaining Market Stability

    On September 27, 2023, a significant transaction took place in the financial market known as a block trade. This type of trade involves the exchange of a large number of ...
  • Stock Shares

    Faraday Future’s new CEO outlines plan to improve funding, share sale; stock sinks

    Faraday Future’s luxury electric car FF91 is seen at the company’s headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Sept 27 (Reuters) – Shares ...
  • Brokers

    Nan and Company Properties adds two Houston brokers to team

    Nan and Company Properties has added to its growing team with two new brokers: Bob Jones and Maribel Juarez. Bob Jones, a 20-year veteran of the industry, has amassed a ...
  • Investment

    VanillaSoft Receives Significant Growth Investment from

    Plano, TX and Gatineau, QC, Sept. 27, 2023 (GLOBE NEWSWIRE) — VanillaSoft, an omni-channel sales engagement platform for high-performing teams, today announced a significant growth investment from Tritium Partners. The ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.



    Input this code: captcha