Australian Vanadium Limited announces successful deployment of AVL electrolyte in VFB for Horizon Power

Australian Vanadium Limited (ASX:AVL) has successfully completed the factory acceptance testing of a vanadium flow battery (VFB) to be installed at a Horizon Power site in Kununurra, Western Australia. The 220kWh VFB, capable of delivering up to 78kW of power, was purchased by Horizon Power for a long duration energy storage project. This marks the first instance of AVL's vanadium electrolyte being used in an operational VFB and the first instance of AVL's electrolyte being approved for use by a leading VFB manufacturer, Invinity Energy Systems, meeting stringent quality standards.

Executive Commentary on AVL's Successful Deployment of Electrolyte in VFB

We are pleased to report that the VFB purchased by Horizon Power has now completed the FAT process and is operating successfully. Over the past months the Company's wholly owned subsidiary, VSUN Energy, has collaborated closely with Horizon Power to successfully integrate its preferred hardware with the battery. This is also a significant milestone for AVL, as it marks the first use of vanadium electrolyte produced at our Perth facility in a functioning battery. This is a true testament to our vertical integration strategy, with the ultimate goal of using vanadium oxides processed from the Australian Vanadium Project in our vanadium electrolyte. We are particularly pleased that leading VFB manufacturer Invinity has approved our electrolyte for use in the battery and confirmed that our electrolyte meets its stringent standards. We look forward to the successful commissioning and operation of the battery as part of Horizon's project in regional Western Australia.

Summary of AVL's Electrolyte Deployment in VFB for Horizon Power

Australian Vanadium Limited (ASX:AVL) has achieved a significant milestone with the successful deployment of its vanadium electrolyte in a vanadium flow battery (VFB) for Horizon Power's long duration energy storage pilot. The completion of factory acceptance testing (FAT) marks the first use of AVL's vanadium electrolyte in an operational VFB and its approval by leading VFB manufacturer Invinity Energy Systems. This achievement aligns with AVL's vertical integration strategy, aiming to utilize vanadium oxides processed from the Australian Vanadium Project in its vanadium electrolyte. The successful commissioning and operation of the battery as part of Horizon's project in regional Western Australia signifies a step forward in addressing the demand for long duration energy storage, supporting electricity grids powered by variable renewable energy sources. AVL's ambitions to contribute to the decarbonization of energy networks through innovative energy storage solutions are evident in this milestone.