Australian Vanadium Submits Expression of Interest For First Stage of Western Australia Battery Energy Storage System

MT Newswires Live

Feb 02

Australian Vanadium (ASX:AVL) and Vsun Energy, its wholly-owned unit, submitted an expression of interest as part of the first stage of Western Australia's proposed Kalgoorlie Vanadium Battery Energy Storage System (VBESS), according to a Monday Australian bourse filing.

The Western Australia government seeks 500 megawatt-hour vanadium flow battery solution under a build-own-operate model, and it committed AU$150 million for the development of the project, the filing said. The government indicated that the first stage submissions are expected to be assessed this month and the second stage next month.

The company said its Australian vanadium project in Western Australia provides an opportunity for high-purity vanadium oxide production locally.

Australian Vanadium's shares fell 6% in recent trading on Monday.

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The government indicated that the first stage submissions are expected to be assessed this month and the second stage next month.</p><p>The company said its Australian vanadium project in Western Australia provides an opportunity for high-purity vanadium oxide production locally.</p><p><a href=\"https://laohu8.com/S/AVL.AU\">Australian Vanadium</a>'s shares fell 6% in recent trading on Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AVL.AU","symbol_name":"AUSTRALIAN VANADIUM LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2608833682","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608833682","pubTimestamp":1769996702,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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