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February 06, 2024
The merger between Australian Vanadium (ASX:AVL) and Technology Metals Australia (ASX:TMT) has positioned the two companies as the largest publicly traded vanadium developer in Australia, according to a news report in PerthNow.
The two companies are pursuing a “pit to battery” long-term strategy, leveraging their adjoining vanadium assets to mine the ore and develop vanadium flow batteries (VFB) to supply a growing battery market and respond to the “inevitable growth” in the VFB market, the report said.
The report added Horizon Power, a Western Australia energy provider, is already testing the VFB technology to provide extended periods of renewable energy-sourced power generation.
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