Thorion Energy is Australia's first Vanadium Redox Flow Battery manufacturer, using exclusive chloride-based electrolyte technology. The company’s business model allows the design, manufacture, installation, commissioning and maintenance of modular, integrated renewable power generation (solar and wind) and energy storage systems through a controlled network of local Flow Partners.
The first technology transformation is the Thorion Energy V40 Vanadium Redox Flow Battery module, providing an alternative solution for electricity storage engineered for larger scale applications. The company’s business model allows the design, manufacture, installation, commissioning and maintenance of modular, integrated renewable power generation (solar and wind) and energy storage systems through a controlled network of local Flow Partners.
The Thorion Energy core technology is the scalable V40 battery module and cyclone-rated Stand-Alone Power Stations (SAPS). The SAPS consist of V40 battery modules, solar arrays and wind turbines.
While Vanadium Redox Flow Batteries (VRFB) have been in use around the world for decades, the V40 battery module contains a patented chloride based aqueous electrolyte that is:
Non-flammable
Up to 70% more energy storage than mainstream VRFBs
Operates at a 10-degree higher operating temperature
With a strong focus on innovation and collaboration, Thorion Energy has developed and secured partnerships with leading local and international researchers and engineers, including some of the largest in the world. These partnerships provide the knowledge and experience to transform energy technology into assets and create products, software and technical solutions for use in Australia and around the world.
Operating model
Thorion Energy codifies its “know-how” into what we define as Flow Packs, which are parcels of information digitally delivered, downloaded and updated, much like computer operating systems. This facilitates the manufacturing of Thorion Energy’s products in licenced territories and countries. The Flow Packs, in general terms, consist of engineering CAD drawings, construction manuals, installation, maintenance, operational manuals and commercial guidelines and principles that enable existing long-established firms or Channel Partners to enter into arrangements with us to assemble, sell, install and support Thorion Energy’s battery modules and SAPSs on location throughout the world. The Flow Partner model substantially reduces the capital required by leveraging the existing infrastructure of partners and facilitating highly scalable and targeted manufacturing in any local market of interest.
Thorion Energy’s operating model supplies Flow Partners with key components comprising cell stacks, battery management systems and electrolyte. Thorion Energy plans to develop a modular electrolyte production apparatus that will also be codified into the Flow Packs. This will enable Flow Partners to manufacture our licenced electrolyte on the ground in their local markets, substantially decreasing the cost of transporting a bulky aqueous solution worldwide. Thorion Energy is planning for all Flow Partners to source vanadium pentoxide, the key precursor for electrolyte manufacture, from Richmond Vanadium Technology (RVT). Our strategy aims to eventually appoint partners across Australia, originating in Perth with SMEC Power & Technology, as well as internationally.