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Largo Inc T.LGO

Alternate Symbol(s):  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 is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.


TSX:LGO - Post by User

Largo Inc > Unprecedented market conditions increase prices of BESS
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Comment by kha341on Dec 06, 2022 2:04pm
78 Views
Post# 35154033

RE:Unprecedented market conditions increase prices of BESS

RE:Unprecedented market conditions increase prices of BESS
kha341 wrote:

 

Note: Li-ion batteries = By far the most common type of BESS (battery energy storage systems). 

Significant increases in battery prices due to commodity price inflation, supply chain constraints have forced California utility PG&E to increase the prices it will pay for 2GWh of battery storage projects.

“Explaining the move, PG&E said that after the contracts were executed developers brought “concerns regarding unprecedented changed market conditions which render the projects uneconomical””


https://www.energy-storage.news/unprecedented-market-conditions-force-pge-to-up-price-on-2gwh-of-battery-storage-contracts/




We all know that VRFB are safer than Li-ion batteries which are flammable / explosive. However we also know that despite the fact that they actually come at a lower lifetime operational cost, the high upfront cost of VRFB in comparison to Li-ion's has been the main barrier to their market uptake. With the big increase in the upfront Capex investment required for Li-ion BESS  the future of VRFB looks great in general and even greater for Largo’s leasing options in particular. 

My 2-cts.
DYODD
 


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