Congratulations to all involved!
I best-liked Graham’s comments on how the …. “moment has arrived with the Australian energy sector advancing multiple eight-hour plus utility-scale storage projects nationwide, and for the first time we are seeing VFB BESS identified as the preferred solution in some of these longer duration projects,”..
“As Project Lumina nears investment readiness, VSUN Energy is actively pursuing utility-scale projects across five states, aligning with government policies supporting long duration energy storage, VFB adoption, vanadium mining and domestic downstream processing of critical minerals.
“Project Lumina remains on track for detailed design by Q3 CY2025..”
EOFY is just seven weeks away.
And FIVE states?
….And the underlining above, from the pro active story is mine because - if VFBs are now being seen as the preferred solution in some of the projects then that narrows competition down considerably?
Sumitomo with Vecco and Rongke at Richmond Vanadium have already laid claim on Queensland vanadium juniors and both have proven VFBs (Sumitomo launched a new 30 year VFB just two months back; https://www.pv-magazine.com/2025/03...dium-redox-flow-battery-with-30-year-lifespan/) …. so I guess one of the big questions is how does AVL .. er …. stack up ….so to speak, price-wise with peers?
… And we’re about the only advanced Australian VFB project that nobody global currently has dibs on … except maybe USA by way of the expired MOU, and the ekectrolyte and personnel connections.
A reminder that, according to Shaw in https://miningbeacon.com/industry/wa-election-kick-starter-for-australian-vanadium 14/03/25
“In our theoretical 50MW 10-hour battery as foreshadowed in Kalgoorlie, if the government contributes $150 million as promised, this reduces the non-government funding requirement to around $200 million. An assumed 50:50 debt-to-equity split will require $100 million in equity and $100 million from a financing syndicate likely to comprise a mix of domestic and international banks, as well as export development agencies and clean energy financing.”…
Who will it be?
And, once again, is it a ‘seller’s market’ as far as pricing the equity component goes? How many wantin?
And where will we close today?
cheers
(20min delay)