Vanadium batteries are a type of battery that can store energy for long periods of time. They are made from the raw material vanadium, which is found in Western Australia. Two Australian asx listed vanadium companies have merged to create a company that is better positioned to take advantage of the growing demand for these batteries. The new company plans to develop a vanadium resource in Western Australia and build an electrolyte plant in Australia. The merger is expected to be completed in November 2023.
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https://www.afr.com/policy/energy-an...0230925-p5e7bn for the details