The Green List: Vecco Group named top 100 energy players for second year running
Vecco Group has once again been recognized for its contributions to sustainability, earning a spot for the second year running on The Australian’s 2024 Green List, which celebrates the top 100 players in green energy. This list acknowledges the efforts of individuals and organizations who are helping to reshape Australia’s energy future, from policymakers and manufacturers to CEOs, innovators, and advocates.
At the heart of Vecco’s operations is its integrated mining and manufacturing business, which spans a vanadium mine and refinery in northwest Queensland and a 3.2-hectare production facility in Townsville. Scheduled to begin operations by 2026, the facility will produce vanadium, a critical mineral used in redox flow batteries. Known for its durability and efficiency compared to lithium, vanadium is a key component for large-scale energy storage, making it an essential part of renewable energy systems.
Vecco’s efforts are closely aligned with Queensland’s push to establish the state as a leader in vanadium production and renewable energy technology. Backed by the Queensland government, the project has drawn significant attention for its potential to support the state’s green energy goals. Idemitsu Australia has also committed to selling Vecco’s vanadium flow batteries domestically, further supporting the adoption of renewable energy storage solutions.
The company is led by Tom Northcott, who brings deep industry expertise as a former general counsel for Jellinbah Group. His leadership reflects Vecco’s pragmatic approach to navigating the energy transition while capitalizing on opportunities to advance renewable energy technologies.
Being featured on The Australian’s Green List for 2024 is a reflection of Vecco Group’s ongoing efforts to contribute to Australia’s green energy landscape. By focusing on innovative solutions and local partnerships, Vecco continues to play a role in addressing the challenges of energy storage and sustainability in the transition to a low-carbon economy.