Vanadium redox flow battery promising technology choice for Residential Energy Storage market

VSUN Energy, a subsidiary company of Australian Vanadium Limited, intends to enter Australia’s residential energy storage market with a 15kWh base model of vanadium redox flow battery. According to market analysts, vanadium redox flow batteries have a bright outlook and the market is expected to grow to $4 billion by 2027. In a report by IDTechEx, potentially the largest battery in the world, at 800 MWh, is being built in Dalian, northwestern China and will be powered entirely by redox flow batteries.

VSUN Energy has identified strong demand for a residential scale VRB for the Australian market and although the company has terminated its exclusive dealership agreement with the German company Gildemeister, it will keep selling its CellCube battery stacks while at the same time forming new contacts with various international manufacturers of vanadium redox flow batteries.

Vincent Algar, Australian Vanadium managing director, said in an interview with RenewEconomy that he was excited about the technology’s future in the Australian residential energy storage market, despite its higher cost compared to lithium-ion batteries. At present, lithium-ion batteries dominate the market and are more cost-effective, but VRB systems have a longer lifespan, have low fire risk, and Algar is confident the prices will come down as the market evolves.

The company has also plans to set up a local manufacturing base, thus increased scale of production and reduced transportation costs will bring the cost of batteries down. When it comes to developing markets with high levels of residential rooftop generated solar energy, the existence of a novel VRB system can lead on to an even wider acceptance of the technology with its “significant points of difference” to key competitors.

Read the original article


Hybrid ES

Hybrid energy storage: Are combined solutions gaining ground?

Combining component parts into hybrid systems to reap the benefits has always been an attractive prospect. In the past years, successful projects have come online for both solar-plus-storage and wind-plus-storage — the resiliency of battery energy storage combined with the financial boost from power generation. So what does hybrid refer to in the world of…

Read More

Quantifying the market potential

Energy storage systems for C&I: Quantifying the market potential

C&I: A growing energy storage market In 2017, only 4.3% of battery storage deployment could be classified as for commercial and industrial (C&I) use. Nevertheless, the sector has only recently begun to be explored by project developers and presents major opportunities for growth in several markets. According to Navigant Research, revenue for the C&I segment…

Read More

Carbon Proton Battery

Carbon Proton Battery Stores As Much Energy As Lithium Battery In Lab Tests

“Will anything match lithium-ion batteries for energy density?” is a frequently repeated question. It’s certainly not in the cards in the next few years. But the research coming out of Australia’s RIMT University in Melbourne says that one day, it’s possible – with a carbon proton battery. The research team have designed and built a…

Read More

energy storage industry news

Would you like to receive energy storage industry news, free powerpoint presentations and opinion articles from our team?

YESand if I don't like it I will unsubscribe! MAYBE LATERI am busy now thinking all things energy storage