News
16 April 2021
Vecco reaches FID on Australia’s first vanadium battery manufacturing facility
In:
Metals and Mining
Region:
Asia-Pacific
Vecco Group has announced the final investment decision and board approval to construct and operate the first vanadium battery electrolyte manufacturing plant in Australia.
The project is being delivered in partnership with Shanghai Electric, a Chinese electrical equipment manufacturer. Shanghai Electric’s holding subsidiary Shanghai Electric Energy Storage company has signed an MOU for an initial 10MWh electrolyte offtake.
The battery facility, located in South-East Queensland, will initially produce 30MWh per annum before scaling up to approximately to 300MWh.
