I would assume it's a typo on GWh. It seems probable to me that the battery can supply/absorb 1.2GW on a millisecond response time, so it would be able to fully charge/discharge in a little less than 2hours, supplying/absorbing 1.2GW with 2.1GWh total capacity.
The advantage of vanadium batteries, as I understand it, is that leakage does not corrupt the system. The vanadium gets converted to the right chemical species on either side.
A huge redox-flow battery is currently under construction in Switzerland https://www.swissinfo.ch/eng/climate-solutions/switzerland-b...