We're pleased to announce the execution of a binding Mine-to-Battery Collaboration & Project Development Agreement with
@RongkePower (RKP), one of the world's leading vanadium flow battery providers.
The agreement establishes a framework to evaluate and develop vanadium flow battery and long-duration energy storage opportunities in Australia and supports RVT's strategy to participate across the value chain from vanadium resource development through to downstream energy storage deployment.
The collaboration supports
$RVT's broader objective of advancing an Australian mine-to-battery value chain linked to the Richmond–Julia Creek Vanadium Project and evaluating future opportunities for downstream vanadium battery deployment, electrolyte supply and long-duration energy storage projects.
Executive Chair, Brendon Grylls said, “This agreement represents an important step forward in RVT’s long-term strategy to support development of an Australian vanadium battery and long duration energy storage industry. Australia has a significant opportunity to participate in the emerging long duration energy storage sector through the development of long-term capability across critical minerals, vanadium electrolyte processing and vanadium battery deployment.
RKP is a globally recognised participant in the vanadium flow battery sector, and this collaboration provides a strong platform to evaluate future vanadium battery and downstream energy storage opportunities in Australia.”
RKP Director, Min Tang commented, “Australia has strong long-term potential in vanadium resources and renewable energy deployment. We believe this
collaboration provides an important platform to explore vanadium battery opportunities and future cooperation in the Australian market.”
Read the full ASX Announcement here:
wcsecure.weblink.com.au/pdf/…
#RVT #Vanadium #EnergyStorage #LongDurationEnergyStorage #VBESS #CriticalMinerals #VanadiumFlowBattery