Sumitomo Electric believes the USA and Australia are the leading regions for vanadium battery deployment and plans to target both markets for their product. Idemitsu is a diversified multinational corporation with diverse interests across renewable energy, resources, advanced materials, lubricants, retail fuel and agriculture around the world.
Image: Department of Foreign Affairs & Trade Queensland Brisbane-based Vecco Group, Sumitomo Electric and the Australian arm of Japanese resources and energy company Idemitsu have signed a collaboration agreement to establish a manufacturing supply chain – from mining to energy storage – for vanadium flow batteries.
The vanadium battery is lifted into place at Energy Queensland’s Berrinba depot. The announcement comes as state government-owned utility Energy Queensland finalises the installation of a vanadium flow battery in the state’s south-east as part of a trial of the technology.
Vecco Group Managing Director Tom Northcott said vanadium flow batteries, which are emerging as an alternative to the lithium-ion batteries that currently dominate the stationary energy storage sector, are set to be a key part of the future energy storage mix.
Under the non-exclusive agreement, Idemitsu will market, sell and deliver vanadium flow batteries to Australian customers using Sumitomo battery hardware and Vecco’s electrolyte made from vanadium mined at its Debella Critical Minerals Project near Julia Creek in the state’s west.
Australian minerals company Vecco Group will team with Japanese manufacturer Sumitomo Electric and Idemitsu Australia to build an ‘end-to-end’ manufacturing supply chain for vanadium flow batteries in north Queensland. Image: Department of Foreign Affairs & Trade Queensland
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