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Tivan and Larrakia sign renewable energy agreement to supply Vanadium Electrolyte Facility at Middle Arm

31 Oct 2023 10:06 AM | Stephanie Berlin (Administrator)
  • Tivan signs Letter of Intent with Larrakia Energy for the supply of up to 30 MW of renewable energy from 2026 at the Middle Arm Sustainable Development Precinct.
  • Tivan announces plans to develop a Vanadium Electrolyte Facility at MASDP to facilitate a renewable value chain for long duration energy storage across northern Australia. 
  • Larrakia Development Corporation is an Aboriginal organisation representing the Larrakia people, the Traditional Owners of the lands and waters in and surrounding Darwin. 
  • Larrakia Energy, majority owned by Larrakia Development Corporation, is planning the development of a 300 MW solar farm to provide renewable energy to MASDP in joint venture with Australian and international partners. 
  • Tivan’s proposed VE Facility is based on planned production of high-purity vanadium at the Speewah Project in Western Australia, and is the largest planned facility outside of China. 
  • Tivan’s mission is to contribute to the global energy transition via large-scale, full-cycle deployment of Vanadium Redox Flow Batteries. 
  • Agreement between Larrakia and Tivan based on a shared vision of harnessing the power of renewables to lessen impacts on country and to create sustainable economic opportunities. 
The Board of Tivan Limited (ASX: TVN) (“Tivan” or the “Company”) is pleased to advise that it has signed a nonbinding letter of intent (“Letter of Intent”) with Larrakia Energy for the supply of renewable energy to support a Vanadium Electrolyte Facility (“VE Facility”) at the Middle Arm Sustainable Development Precinct (“MASDP”) in Darwin.

To view the full ASX announcement, click here

Source: Tivan Limited 

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