Vanadium redox flow battery (VRFB) technology is a leading energy storage option. Although lithium-ion (Li-ion) still leads the industry in deployed capacity, VRFBs offer new capabilities that enable a new wave of industry growth.
Australian Vanadium Limited (AVL) has moved a vanadium flow battery (VFB) project to design phase with the aim of developing a modular, scalable, turnkey, utility-scale battery energy storage .
Recent decades have seen the development of several RFB chemistries, but the all-vanadium redox flow battery (VRFB) stands out as one of the most advanced RFBs due to its low capital cost, high-energy efficiency (EE), and ability to prevent electrolyte cross-contamination.
Completed in 2022, this $200 million project in Liaoning Province provides 12-hour storage capacity – enough to power 75,000 homes during peak demand. Its modular design allows capacity upgrades without replacing existing equipment.