there’s 20 GWh of VFBs in construction in China and another 20GWh announced. 10,000t V2O5 per GWh in a 100,000t per annum market. Will be a game changer in 2025-26.
IMO by mid year we are at a point AVL could sell annual production (10,000t) as 1GWh of batteries a year. Doesn’t need to leave Australia, and the vanadium price isn’t important, the LCOS of the VFB in comparison with peers is.
Currently Australia needs to add 20GWh of storage year on year through to 2050 to meet net zero. We only need 5% of that and we are set.
AVL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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