Australian Vanadium (ASX:AVL) - Managing Director, Vincent Algar
Managing Director, Vincent Algar
Source: Vincent Algar/Twitter
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Australian Vanadium (AVL) has appointed WA engineering group, Primero, for the stage one construction of its vanadium electrolyte manufacturing plant
  • Primero will analyse the plant design and layouts and make sure it aligns with Australian standards
  • The plant will be the first of its kind in Australia and will initially be able to produce 33 megawatts per hour of vanadium redox flow battery (VRFB) storage
  • The facility will support the rising demand of the long duration, renewable energy powered VRFB market in Australia
  • Company shares are up 9.09 per cent to trade at 2.4 cents

Australian Vanadium (AVL) has appointed Primero for the stage one construction of its vanadium electrolyte manufacturing plant in Western Australia.

Founded in 2011, Primero is a primarily WA-based engineering group who has also expanded to Quebec, Canada. Since its inception, Primero has delivered projects in over 10 countries across five continents.

Primero will undertake the early contractor involvement which will include analysing the US Vanadium LLC plant design, layouts, making sure it aligns with Australian standards, and contract preparation for stage two. It will also work with AVL to review potential locations for the plant.

The second stage of the build process will involve engineering, procurement, and construction (EPC).

AVL Managing Director Vincent Algar said he was excited to work with Primero.

“The contract award to Primero is the next step in AVL’s vertical integration strategy, cementing the company’s goal to develop downstream processing capability in Australia,” Mr Algar said.

“We look forward to delivering Australia’s first vanadium electrolyte manufacturing plant, built in WA by an Australian company.”

The vanadium electrolyte plant will initially be able to produce enough electrolyte per annum to fill vanadium redox flow batteries (VRFBs) that can store up to 33 megawatts of energy per hour.

For comparison, a single Tesla powerwall battery stores 13.5 kilowatts of energy per hour, with the electrolyte plant producing the equivalent energy storage capacity of 2444 powerwalls per year.

As a testament to the Australian Government’s commitments to rolling out VRFBs in Australia, the Federal Government awarded AVL $3.69 million in July this year. The company is using the money for building and operating the plant.

Company shares were up 9.09 per cent to trade at 2.4 cents at 12:19 pm AEST.

AVL by the numbers
More From The Market Online

Renascor signs Indigenous Land Use Agreement for Siviour Graphite Project

Renascor Resources has finalised an Indigenous Land Use Agreement with the Barngarla Determination Aboriginal Corporation RNTBC.

Sayona sells $13.7M Troilus stake to grow lithium plays as prices low

Hotly watched ASX stock Sayona Mining has sold $12M worth of shares of Toronto-listed Troilus Gold…

Barton Gold sees latest raise exceed target by 300%

Barton Gold (ASX:BGD) has announced that its latest share purchase plan (SPP), intended to raise A$1M,…
The Market Online Video

Market Update: Unemployment on an even keel as ASX gains marginal ground

Australia's unemployment has edged up to 3.8%, according to ABS data, marking a 0.1% increase with…