Australian Vanadium (AVL) Diggers & Dealers Mining Forum 2025 summary

Industry context and policy drivers

• Long-duration energy storage is essential for the energy transition, with vanadium flow batteries positioned as a key technology to meet this need.

• Policy settings in markets like the UK and Western Australia are prioritizing long-duration storage, with requirements for 25-year assets and significant government funding.

• Recent tenders in the UK and China highlight surging global demand, with single projects representing up to 8% of global vanadium supply.

• Western Australia is leveraging policy to catalyze a new vanadium mining, processing, and export industry, aiming for economic diversification.

• Federal and state support, including grants and public endorsements, are accelerating project readiness and supply chain development.

Project pipeline and supply chain readiness

• A 500 MWh, 10-hour vanadium battery project in Kalgoorlie has secured AUD 150 million in government funding, targeting grid security and industry growth.

• The company has completed major permitting milestones, including approval for a process plant near Geraldton, and is finalizing an optimized feasibility study post-merger.

• Commercial electrolyte production is established in Perth, with successful deployments in challenging environments, demonstrating reliability and scalability.

• The Project Lumina architecture adapts proven Chinese gigawatt-hour scale solutions for local Australian conditions, focusing on cost and local content.

• The Kalgoorlie battery tender will emphasize competitiveness, readiness, and contribution to the local vanadium industry, with a target completion by 2029.

Technology and supply chain leadership

• Early leadership across the vanadium supply chain positions the company to deliver cost-competitive, locally sourced VFB BESS solutions.

• Lumina architecture enables scalable, high local content battery systems, with over 70% WA content targeted.

• Established commercial electrolyte production and proven deployment track record in Australia.

• VFB BESS offers non-flammable, recyclable, and long-life storage, competitive with lithium-ion on cost and performance.

• The company is the only established electrolyte producer in Western Australia, providing a critical midstream advantage.