TNG Appoints Key Renewable Energy Advisors To Advance Vanadium Redox Flow Battery Business
Key Points
• TNG has appointed Australian renewable energy companies Generators and Off-Grid Energy and juwi Renewable Energy to provide specialist technical advice to assist with progression of the Company’s recently announced Vanadium Redox Flow Battery (“VRFB”) business unit.
• The VRFB business was established recently as part of the vertical integration strategy for the Company’s flagship Mount Peake Vanadium-Titanium-Iron Project, further expanding itsstrategic footprint in the green energy sector.
• TNG’s aim is to produce its own vanadium electrolyte and become a commercial supplier of VRFB’stargeting greenhouse emission reductions, providing an economic alternative to conventional power generation for standalone off-grid power systems.
Further to its announcement of 3 November, Australian resource and mineral processing technology company TNG Limited (ASX: TNG) (“TNG” or the “Company”) is pleased to announce that it has appointed renewable energy specialists Generators and Off-Grid Energy and juwi Renewable Energy to assist with the progression of its Vanadium Redox Flow Battery business unit through its green energy focused 100%-owned subsidiary, TNG Energy
Pty Ltd (“TNG Energy”).
The VRFB business unit was established as part of TNG’s vertical integration strategy for its 100%-owned Mount Peake Vanadium-Titanium-Iron Project (“Mount Peake Project” or the “Project”) in the Northern Territory, and
represents a further important growth and diversification step into the rapidly growing green energy sector.
The Company has confirmed that suitably sized VRFBs can replace diesel power generation at remote sites, providing an economically viable alternative while assisting with carbon emission reduction and promoting green energy. Remote sites include indigenous communities as well as applications for mine-sites, pastoral stations and road houses across Australia.
TNG is progressing a VRFB study which will confirm the commercial, marketing and technical requirements for the business. The study will build on prior work completed under the VRFB strategy, including the production of highpurity
vanadium electrolyte using vanadium pentoxide from the Mount Peake Project during pilot plant testwork for the Project with SMS group.
Generators and Off-Grid Energy and juwi Renewable Energy will offer specialist technical advice to TNG Energy for the VRFB study. Generators and Off-Grid Energy will also work with TNG to deliver the other areas of the study.
Generators and Off-Grid Energy is a WA-based company that specialises in the feasibility assessment, design, construction, commissioning and maintenance of solar and battery systems, and other renewable energy projects.
It is led by experienced energy executive John Davidson, formerly a Non-Executive Director of TNG.juwi Renewable Energy is the Queensland-based Australian subsidiary of juwi Group, one of the world’s leading renewable energy companies, specialising in the development and engineering, procurement and construction of large-scale renewable energy projects including solar and wind.
VRFBs use vanadium electrolyte to store energy in support of the wider application of renewable power generation,
such as from wind and solar, and are highly scalable for use in a variety of settings.
VRFBs offer a number of distinct advantages for sustainable large-scale energy storage, having long lifespans of potentially 20-plus years without performance degradation, the ability to discharge without battery damage, the non-flammability of the vanadium electrolyte, and the ability to recover and re-use the vanadium electrolyte at the
end of the battery life.
The VRFB study will be progressed in parallel with the completion of the design, engineering and pre-development
planning work streams for the Mount Peake Project, which remain the Company’s primary focus.
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