08:57 15 Nov 2016
Australian Vanadium Ltd is a vanadium focused company looking to take advantage of growth in the emerging battery storage market, specifically as it applies to grid-scale technology.
Managing Director Vincent Algar tells Proactive: ”Our strategy hinges around the battery market and the battery metals in that market. We have developed quite a unique vertical integration strategy within AVL and that involves working from the ground up with the resource, through the intermediate products in the battery market known as vanadium electrolytes … all the way through to encouraging and developing sales marketing in the Australian market for vanadium flow batteries.”
”We’re progressing our Vanadium project in Western Australia towards a commercial outcome, we’re currently working on vanadium electrolyte production and building that capacity here in Australia”, Algar added.
He said the company’s also taken an option in an interesting Lithium project in South Africa, ”We had been on the lookout for other opportunities in the energy storage space given our experience and understanding we’ve developed over the past six months and this project came up. I’ve obviously got a South African background with experience and relationships there so was not afraid to enter into the area”.