Australian Vanadium’s Project Lumina demonstrates improved cost competitiveness for vanadium flow battery energy storage | ASX:AVL, OTCQB:ATVVF
Australian Vanadium Ltd has reported improved cost metrics for Project Lumina, its flagship vanadium flow battery (VFB) energy storage initiative, through subsidiary VSUN Energy Pty Ltd. The project now boasts a levelised cost of storage (LCOS) of A$214 per megawatt-hour (MWh) for an eight-hour duration battery, down from a previous estimate of A$251/MWh. This positions Project Lumina’s vanadium-based solution competitively against similar lithium-ion alternatives in the Australian market.
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