AVL 5.88% 1.6¢ australian vanadium limited

Big Batteries, page-143

  1. 18,301 Posts.
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    Thanks hawk …
    They won that tender 13 months ago
    https://reneweconomy.com.au/eight-h...ed-hydro-in-nsw-long-duration-storage-tender/
    VFB roll out across the world since May  2023  has been fairly substantial since then, as have the technical developments.
    And just three months earlier Queensland government had decided to put $75m into getting vanadium batteries going [ref] but it’s all so early stage - even now.
    And of course here at AVL it was before LesIngraham retired and before RCF had ever  announced it was buying shares in AVL!
    (and well before the idea of merging AVL and the next door TMT was posed to shareholders).​

    Did any vanadium battery makers even bid for that tender?
    - I read it was between lithium and pumped hydro.

    But the squeeze is on re power supply and I imagine both ARK and NSW government just want to go with the cheapest, fastest option?


    FWIW:
    Another big day YESTERDAY  for big batteries
    : https://reneweconomy.com.au/nsw-for...-storage-tender-amid-questions-over-duration/
    … As per the headline :

    Two landmark renewable energy tenders have formally opened on Friday, with the federal government seeking a record 6 gigawatts (GW) of new solar and wind capacity, and NSW seeking offers for up to 1 GW of long duration storage capacity.
    Both tenders are the largest of their type in the country, and come as state and federal governments seek to accelerate the roll of renewables so that 2030 targets can be met, and enough capacity in place to allow coal fired generators to close…”
    … “there is a wider debate about how much long duration storage is really needed in a renewable grid, NSW has issued a consultation paper asking if the LDS tenders should be recalibrated, because modelling shows that four hour batteries can be just as effective, and cost much less.
    This new tender will go ahead regardless, however, with the existing parameters and the NSW government is pitching it as essential to “boost electricity reliability and keep the lights on in NSW.”..
    … “
    If the NSW government does decide to cut the definition of the LDS tender back from eight hours to four hours, it could pave the the way for these LDS tenders to be also subsumed into the CIS, which will seek a total of 23 GW of new wind and solar, and 9 GW (36 GWh) of storage by 2030.
    That would enable the NSW government to then target specific programs for truly long term storage needs (above 12 hours or even 24 hours), that could be used in response to longer term wind and solar droughts…”

    Vanadium batteries not quite ready to be rolled out at scale yet? (Except in China?)

    cheers
 
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