Australian resource and mineral processing technology company Tivan Ltd is in discussions with Larrakia Energy to establish a potential power purchase agreement (PPA) aimed at securing renewable energy for its forthcoming vanadium electrolyte facility (VE Facility) in Australia's Northern Territory.
Larrakia Energy, majority-owned by the Darwin-based Larrakia Development Corporation (LDC), is currently in the process of developing a 300-megawatt (MW) solar project near the Middle Arm Sustainable Development Precinct (MASDP), which is the chosen location for Tivan's VE Facility.
Under the terms of a non-binding letter of intent (LoI) recently signed between the two companies, Larrakia Energy is poised to provide up to 30 MW of renewable energy, commencing in 2026.
This partnership with Larrakia Energy follows a similar agreement inked by Tivan with Sun Cable Pty Ltd back in April.
Tivan's VE Facility project aligns with the company's strategic goal of becoming a prominent player in Australia's deployment of vanadium redox flow batteries (VRFB) for long-duration energy storage. The facility's site at MASDP is a direct outcome of Tivan's earlier agreement to acquire the Speewah Project, a substantial vanadium and titanomagnetite resource located in the East Kimberley region of Western Australia.
The Middle Arm Sustainable Development Precinct (MASDP) is a master-planned infrastructure initiative designed to establish an industrial zone powered predominantly by renewable energy sources on the Middle Arm Peninsula within Darwin Harbour.
