Investor Presentaiton
VFB gigafactories being built in China
Australian
VANADIUM
LIMITED
Manufacturing of VFBS and electrolyte at scale
Date
Company
•
China is building gigawatt capacity in manufacture of
VFBS and vanadium electrolyte
Gigafactory
manufacturing
capacity per year
Total tonnes of
V205 required
per year
January 2023
Shanghai Electric Energy
Storage Technology
1GWh
9,890t
Development of vanadium gigafactory industry in
China to support roll out of VFB storage
The strategy is similar to lithium-ion battery
gigafactories in the early 2020s
Gigafactory demand will drive demand for vanadium
In 2023 over 25GWh per annum of manufacturing
capacity was added, equating to 207,690t of annual
vanadium demand
AVL's project to deliver 11,200t per annum, roughly
5% of the gigafactory demand added in 2023
February 2023
Beijing Xingchen New
Energy
12GWh
118,680t
February 2023
Linyuan Group
4GWh
39,560t
Chengde Xinxin Energy
March 2023
1GWh
9,890t
Storage Technology
China Vanadium Energy
April 2023
Storage (Hubei) and
4GWh
39,560t
Shanghai Electric
CNC Huineng and CRRC
September 2023
2GWh
19,780t
Zhuzhou Electric
November 2023
Shaanxi Jutai
1GWh
9,890t
Total
25GWh
207,690t
Source: Vanitec
Corporate Presentation | March 2024 | ASX:AVL
18View entire presentation