Perth-based AVESS Energy has received a $2.5 million grant from the Commonwealth Government to explore Vanadium Flow Battery (VFB) manufacturing opportunities in the Indo-Pacific region.
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The $2.5 million grant comes from the Commonwealth Government’s Quad Clean Energy Supply Chain and Diversification Program (QCESCDP).
In partnership with its South Korean subsidiary KORID Energy, AVESS Energy will assess the feasibility of VFB manufacturing in the region, including an investigation into the automation of VFB cell stack manufacturing in South Korea, and potentially the Philippines.
AVESS managing director Young Yu said, “We’re extremely pleased to be recognised by the Commonwealth Government as a potential contributor to a diversified supply chain for long-duration energy storage technologies. Working alongside our subsidiary KORID Energy, we aim to deepen collaboration in South Korea, while exploring future opportunities in the Philippines.
“At the same time, we’re drawing on our regional experience to build an Australian VFB supply chain and contribute to Australia’s decarbonisation goals by establishing onshore battery manufacturing.
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“Stronger, more efficient supply chains—supported by automation and advanced manufacturing—are essential to the scaling of long-duration VFB energy storage and supporting decarbonisation efforts across Australia and the Indo-Pacific,” Yu said.
