Focus on the overseas flow battery long - duration energy storage market dynamics
Classification：Industrial News
- Author：ZH Energy
- Release time：Feb-07-2025
【 Summary 】During the Year of the Snake Spring Festival, the overseas flow battery long - duration energy storage market was very lively
Recently, the overseas long-duration energy storage (LDES) market for flow batteries has seen a series of dynamic developments:
1、Storion Energy has been officially established, with the goal of creating a domestic supply chain for flow batteries.
2、Tesla and Sumitomo Electric have both been selected as partners to supply energy storage projects in Japan. Sumitomo Electric will deploy a 12 MWh vanadium flow battery system in Japan.
3、Western Australia's Labor Party is betting on all-vanadium flow battery energy storage ahead of the state election, planning to invest AUD 150 million to build a 500 MWh vanadium battery energy storage project.
On February 5, Stryten Energy LLC, a U.S. energy storage solutions provider, announced that its subsidiary Stryten Critical E-Storage LLC has partnered with Largo Clean Energy Corp. (LCE), a subsidiary of Canadian mining company Largo Inc., to form the joint venture Storion Energy, LLC
The joint venture plans to accelerate the commercialization of vanadium flow batteries by offering high-quality, domestically produced vanadium electrolyte at competitive prices through an innovative leasing model
Currently, vanadium electrolyte accounts for 30%-50% of the total cost of a vanadium flow battery system, with its price significantly affected by fluctuations in vanadium prices
Francesco D’Alessio, President of LCE, emphasized that the establishment of the joint venture marks a breakthrough in the North American long-duration energy storage market, and Storion's pricing strategy is expected to challenge the dominance of lithium batteries in utility-scale energy storage
Sumitomo Electric's 12.5 MWh Vanadium Flow Battery Project
Sumitomo Electric will provide a 4 MW/12.5 MWh vanadium flow battery system for a project located on the Oki Islands. The project is situated approximately a day's drive west of the city of Miwa
Previously, Sumitomo Electric has deployed 8 MWh and 51 MWh vanadium redox flow battery (VRFB) projects in Japan
Investment of AUD 150 million to build a 500 MWh vanadium battery energy storage project
Western Australia's Labor Party leader and State Premier Roger Cook has recently pledged that if re-elected in the upcoming state election, he will immediately invest AUD 150 million (approximately USD 92.4 million) to build a 500 MWh vanadium battery energy storage system (BESS) capable of continuous discharge for 10 hours
Premier Cook revealed that the planned vanadium battery energy storage project will replace the existing West Kalgoorlie power station, a 57 MW gas turbine power station that currently serves as an emergency backup power supply
The vanadium battery energy storage project is scheduled to be operational by 2029. The project site is near existing transmission infrastructure, although the exact location is still under discussion
Western Australia is endowed with abundant natural resources, including one of the world's largest vanadium mines
Currently, a pilot project for a 78 kW/220 kWh vanadium flow battery has already been launched in Kununurra town
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