Energy Storage News•about 14 hours ago
Australian Vanadium, Sumitomo Electric partner for bid in Western Australia’s 500MWh flow battery procurement
Key Takeaway
This partnership for a 500MWh vanadium flow battery project signals growing market confidence and deployment of long-duration energy storage, creating new opportunities for developers and enhancing grid stability for large consumers.
AI Summary
- •Australian Vanadium Limited and Sumitomo Electric Industries have formed an exclusive partnership to bid on Western Australia's 500MWh Kalgoorlie vanadium BESS procurement.
- •This project signifies a major step in the commercial deployment of large-scale, long-duration vanadium flow battery technology for grid applications, offering insights into market trends for developers.
- •The procurement of such a substantial battery energy storage system (BESS) indicates a strong market demand for grid stability and reliability solutions, which can benefit large power consumers through improved power quality and potentially more stable pricing.
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