The Australian Energy Market Operator, which runs the national...

The Australian Energy Market Operator, which runs the national electricity network, has plotted a draft “step-change” scenario with the plan requiring a nine-fold increase in wind and solar capacity by 2050 to meet the nation’s net zero emissions targets while some 45 gigawatts of storage across batteries and hydro will be required with 9GW of gas-fired power needed to help firm up renewables.

The best and safest storage option is the vanadium redox flow battery.....1GW of storage capacity requires 8-9,000 tonnes of vanadium...Given that the current global market for vanadium is only 100-120,000 tonnes per year these Australian numbers alone have massive implications for the vanadium sector.

TMT's relationship with LE Systems to partner in potentially multiple electrolyte facilities is pivotal.....given the upward momentum in the vanadium price, in my opinion both parties should be working towards developing a leasing/funding option for prospective customers