Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Macquarie WA Forum 2024
17 slides from Australian Vanadium's conference presentation, Nov 7, 2024
Slide 1: Unlocking competitive advantage: AVL's energy storage investment platform
For personal use only Unlocking competitive advantage: AVL’s energy storage investment platform Macquarie WA Forum November 2024 ASX:AVL
Slide 2: Compliance & Cautionary Forward-looking Statements
Compliance & Cautionary Forward-looking Statements The views expressed in this Presentation contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information.
Slide 3: A renewables-based energy transition requires both electricity generation AND matched energy storage
A renewables-based energy transition requires both electricity generation AND matched energy storage For personal use only Metal contribution to supply chain value • There is enormous effort and spend on 60% electricity generation – too little on energy storage despite ambitious 50% decarbonisation
Slide 4: Utility scale energy storage required – Victoria case study
Utility scale energy storage required – Victoria case study For personal use only Winter operational demand – Victoria 15 July 2024 MW 30min Generation Type/Operational Demand Victoria recently set a 8,000 new peak power demand record of 8.6GW 6,000 Brown coal and wind provided the 4,000 majority of
Slide 5: The VFB is a proven and commercialised technology at scale
The VFB is a proven and commercialised technology at scale VFBs are operational across 20+ countries For personal use only Japan China USA Sumitomo Electric Industries Rongke Power Sumitomo Electric Industries 15MW x 4 hour and 17MW x 3 hour VFB in 100MW x 4 hour VFB in Dalian, China 2MW x 4 hour VF
Slide 6: VFB adoption in China is already at GWh scale
VFB adoption in China is already at GWh scale Australia has all the right ingredients to be a fast follower For personal use only 25 Announced VFB projects 20 GWh - China 15 10 VFBs under construction 5 VFBs in operation 0 Macquarie WA Forum | November 2024 | ASX:AVL Source: Vanitec and FerroAlloyNe
Slide 7: Project Lumina – modular, turnkey, utility scale VFB
Project Lumina1 – modular, turnkey, utility scale VFB Project Lumina - targeting deployment ready energy For personal use only storage solution for utility scale long duration storage Opportunity for vertical integration of AVL’s business to capture margin across the supply • Project Lumina is the d
Slide 8: Project Lumina - Leveraging proven technology and specialist EPC and OEM partners
Project Lumina - Leveraging proven technology and specialist EPC and OEM partners to minimise technical risk For personal use only Vanadium electrolyte Sourced from an AVL Forward Planning electrolyte manufacturing Ensuring additional units can facility be installed as required to allow capital effi
Slide 9: Project Lumina – competitive LCOS unlocks benefits of VFB
Project Lumina – competitive LCOS unlocks benefits of VFB For personal use only Levelised Cost of Storage (LCOS) Benefits of Vanadium Flow Batteries 500 With a competitive LCOS, the focus should shift to the Utility Scale competitive advantages of VFBs which include: 450 4-hour Lithium-ion1 Project
Slide 10: Positive outlook for longer duration energy storage
Positive outlook for longer duration energy storage For personal use only NEM and WEM Deep and Medium Storage Forecasts 2024 The Australian Energy Market Operator (AEMO) projects to 2042 medium to long-duration energy storage capacity (excluding pumped hydro) to grow to 120 GWh by 2040 Annual increa
Slide 11: VSUN Energy - leveraging partners to accelerate deployment
VSUN Energy - leveraging partners to accelerate deployment For personal use only Technology and VFB Energy Land Deployment Funding Offtake Access • Progressing partnering • Long asset life provides • Currently in discussions • Advancing discussions opportunities with multiple funding with several to
Slide 12: Vertically integrated to generate value across the supply chain
Vertically integrated to generate value across the supply chain Upstream Midstream Downstream For personal use only Vanadium Mining Electrolyte Utility scale and Processing Manufacture BESS Solutions Asset Australian Vanadium Project Electrolyte manufacturing facility VSUN Energy AVL High-grade proj
Slide 13: The world class Australian Vanadium Project unlocks our vertically integrated strategy
UPSTREAM The world class Australian Vanadium Project unlocks our vertically integrated strategy For personal use only A world class asset located in Western Australia, a Tier-1 mining jurisdiction Simple open pit mining with standard magnetite concentrator process Proven processing technology that r
Slide 14: Proven vanadium electrolyte manufacturing capacity
MIDSTREAM Proven vanadium electrolyte manufacturing capacity For personal use only AVL built, owns and operates a manufacturing facility in Perth, Western Australia, capable of commercial vanadium electrolyte production • 33MWh per annum energy storage equivalent of vanadium electrolyte production •
Slide 15: VSUN Energy – engaging with mining and utility customers
DOWNSTREAM VSUN Energy – engaging with mining and utility customers For personal use only IGO Limited Horizon Power Nova Nickel Operation (Western Australia) Kununurra (Western Australia) Installation of a VFB to provide storage capacity to allow for carbon free Horizon Power, a utility owned by the
Slide 16: Investment thesis
Investment thesis For personal use only VFB rapid uptake into GWh scale World class Ability to capture Platform solution energy storage High metal Australian downstream to long duration systems content of VFBs Vanadium Project value energy storage • Led by China, with • Access to quality • Project p
Slide 17: For personal use only
For personal use only +61 (08) 9321 5594 info@avl.au www.avl.au Level 2, 50 Kings Park Road, West Perth, Western Australia 6005 Australian Vanadium Limited | ASX: AVL