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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
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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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