Investor Presentaiton
Australian
VANADIUM
LIMITED
Growing need for long duration energy storage (LDES) of 4 to 12 hour+
LDES provides greater flexibility of storage and aids the growth in delivery of variable renewable energy (VRE)
=
Growing requirement for energy storage with
long lifespan and limited degradation in
performance
Vanadium flow batteries (VFB) are currently the
most technologically advanced LDES technology
LDES market will be valued at US$223B in 20441
2035
%VRE in electricity generation¹
Region
2023
CAGR
Germany
27%
75%
8%
California
25%
63%
7%
Texas
26%
51%
5%
China
13%2
25%3
8%
Chinese VFB growth4
US$30bn of LDES capacity in construction or
operation²
From 2024-2044, the annual installation of LDES
technologies is forecast to increase at a CAGR of
48%¹
Source: 1: IDTechEx 2: https://www.energy-storage.news/wood-mackenzie-investment-pours-in-for-
long-duration-energy-storage-but-scale-remains-challenge/
Corporate Presentation | March 2024 | ASX:AVL
GWh
12086420
2023
2024
2025
Chinese VFB
demand in 2025
will consume
11x AVL'S
annual
production of
11,200t V205
which
is equivalent to
~1GWh per
annum
Source: 1: IDTechEx 2: Climate Energy Finance 3: https://www.reuters.com/sustainability/climate-
energy/numbers-behind-chinas-renewable-energy-boom-2023-11-15/. Target is for 2030. 4: Ferro Alloy Net
14View entire presentation