Bullboard - Stock Discussion Forum Largo Inc LGO

Primary Symbol: T.LGO

Metals & Mining Industrial Metals & Minerals

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company... see more

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Largo Inc > In comparison

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Post by kha341 on Jul 03, 2024 2:06pm

In comparison

The size of LCE’s one and only sale (since its inception in 2021) that went live in March 2024 = “Enel Green Power Espaa and LCE’s go-live of a 5.5-megawatt hour VRFB in Spain”.
MWh = Megawatt hours

While LCE’s pipeline = Zero, “as of June 2024, Invinity has a base pipeline of 45.8MWh, an advanced pipeline of 446.5MWh, a qualified near term pipeline of 2,009MWh and a qualified further term pipeline of 4,122MWh”. In 2023 Invinity Energy Systems sold or won funding for 136.7MWh of product, while growing revenues by 5x. While the VRFB market is growing fast, LCE is dying. This speaks volume about the lack of skills/experience of Largo's team in the energy storage space. So sad!