VSUN ENERGY PTY LTD

Australian Vanadium Limited (ASX: AVL) is an emerging vanadium producer with a high-grade deposit near Meekatharra in Western Australia. VSUN Energy was launched by AVL in 2016 to grow the vanadium redox flow battery (VRFB) market in Australia and now offers batteries from a range of manufacturers. VSUN Energy will provide AVL with opportunities for vertical integration once The Australian Vanadium Project is in production. This will include mutually beneficial arrangements for the supply and consumption of vanadium. AVL is also planning to construct a commercial vanadium electrolyte plant to supply VSUN Energy’s electrolyte demand, which will arise from VRFB sales. According to a 2022 report from Guidehouse Insights, ‘…annual VRFB project deployment revenue is projected to grow from $856.4 million in 2022 to $7.76 billion by 2031’ This market share is anticipated due to the unique characteristics of the VRFB.