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How Australian Vanadium’s Project Lumina Cuts Storage Costs to Challenge Lithium

2:54am on Monday 2nd of June, 2025 AEST Energy Storage
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How Australian Vanadium’s Project Lumina Cuts Storage Costs to Challenge Lithium

2:54am on Monday 2nd of June, 2025 AEST
Key Points
  • Project Lumina’s levelised cost of storage (LCOS) improved to A$214/MWh for 8-hour duration
  • Vanadium flow battery system now competitive with lithium-ion alternatives
  • Modular 15 MW arrays designed for scalability and faster deployment
  • Active pursuit of utility-scale projects across five Australian states
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