Vecco Group: $25m for Australia’s first vanadium battery plant.

Queensland-based Vecco Group will spend up to $25 million building Australia’s first vanadium battery plant in Brisbane.

Vecco Group and Australia’s first vanadium battery plant

According to InQueensland, Vecco Group have come to an agreement with China’s Shanghai Electric – one of the largest electrical equipment manufacturing companies in China – for an initial purchase of vanadium electrolytes (Confused about flow batteries? Click here to learn how a Vanadium Redox Battery works)

Thomas Northcott, Managing Director of Vecco Group said, “this is a significant step forward for Vecco in securing an integrated supply chain from our Debella Vanadium + HPA Project through to battery production.”

“We are excited to be capturing the first mover advantage in Australia and south east Asia for what is a rapidly growing market for large scale renewable energy storage.” Northcott continued in a press release from Vecco Group.

“Demand is currently strong and there is significant future demand supplying large long duration vanadium batteries to support green hydrogen projects around Australia.”

Vecco is also carrying out a pre-IPO to raise $5 million and is aiming at a full IPO next year.

As we continue with advancements in solar battery technology, it’s fantastic to see alternative options to lithium-ion – the flow batteries such as Redflow are awfully heavy but they have a great use case if the technology can continue improving at this rate. With that said, vanadium batteries have been proposed as early as the 1930’s and have been in production since the 1980’s, so they probably have some ground to make up.

Vecco Group Flow Battery example by Colintheone – https://avs.scitation.org/doi/10.1116/1.4983210, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=59002803

The vanadium industry

The vanadium industry has progressed significantly in 2021 with multiple announcements, including one from from mining billionaire Robert Friedland’s company VRB Energy. VRB announced a 500MWh vanadium flow battery in March. Gigafactory in China and Sir Mick Davis, the ex-CEO of Xstrata are also invested in Kazakhstan based vanadium company Ferro-Alloy Resources.

Vanadium flow batteries last for 25 years, suffer no capacity degradation and a low environmental footprint, as the electrolyte is almost 100% recyclable.

Other companies working in the space include UniEnergy Technologies, StorEn Technologies, and Ashlawn Energy in the United States; Renewable Energy Dynamics Technology and VoltStorage in Europe; Prudent Energy in China;Australian Vanadium in Australia.

 

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Vanadium Redox/Flow Battery Storage

Today we’re going to look at the vanadium redox battery, also known as the VRB or vanadium flow battery. It’s a rapidly improving type of rechargeable flow battery which employs vanadium ions in different oxidation states to store chemical potential energy. The battery involves energy stored in chemical form, in a liquid electrolyte (V2O5) contained in two separate tanks. The battery uses the ability of vanadium to exist in solution in four oxidation states, using this property to make a battery that has one electroactive element instead of two.

The Vanadium Energy Storage Battery

In many ways it is a superior technology to lithium-ion, which was designed with portability in mind and as such is not necessarily the best choice for larger scale energy storage. 

  • Long-scale duration (they can run for excess of 25 years)
  • No self-discharge
  • No Memory/Ghost effect (always runs at 100% discharge)
  • Up to 1 year charge retention.
  • Excellent scalability. 

According to Wikipedia, second-generation batteries (utilising vanadium and bromine) could double the energy density whilst simultaneously increasing the temperature range in which the battery is operable.

Vanadium Vs. Lithium Ion

Vanadium flow batteries offer 100% capacity for a lifespan of up to 25 years. Lithium-ion degrades quite seriously (e.g. the Tesla Powerwall 2 guarantees at least 70% of the original capacity after 10 years or 37,800 kilowatt-hours). 

They’re also safer than lithium-ion – the chemistry involved in VRBs is non-flammable and non-explosive (in contrast to lithium-ion – have a read about the exploding Samsung Note 7).

Vanadium won’t replace lithium-ion in any small applications, however – they are too big and heavy for any small items like mobile phones or laptops. In terms of storing solar power, their increased safety, 100% depth of discharge, and 100% capacity for up to 25 years means there are definitely some serious benefits over lithium-ion. 

Vanadium Energy Storage Options

StorEn THERMASTABLE Vanadium Flow Battery
StorEn THERMASTABLE Vanadium Flow Battery (source: cleantechnica.com)

StorEn are planning on making their THERMASTABLE batteries available in late 2019 – targetting the US first and then other countries after that. 

VSun Energy Pty Ltd offer the VRB energy storage system aka the Cellcube and the first battery has already been installed in Western Australia. According to the website, they are also in initial talks and have submitted proposals to other companies, with potential customers emerging from a range of backgrounds, including mining and exploration companies, the farming community and industrial sites.

Other manufacturers of VRBS include Schmid, UET, redT Energy and Rongke Power.

We’ll keep this page updated with more information about this new technology and what sort of applications we’re seeing it used in! Something will come along to usurp lithium-ion soon enough, both for small-scale and large-scale storage – the technology has been lagging for years and we’re excited to see what comes next. 

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