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Largo Inc T.LGO

Alternate Symbol(s):  LGO

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

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Post by ThaLuvDoctaon Mar 12, 2024 11:42am
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Post# 35928528

Flow Batteries Market Set to Reach $1.3 Billion by 2030

Flow Batteries Market Set to Reach $1.3 Billion by 2030

The global market for Flow Batteries estimated at US$303.9 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 20.4% over the analysis period 2022-2030. Vanadium, one of the segments analyzed in the report, is projected to record a 20% CAGR and reach US$928.7 Million by the end of the analysis period. Growth in the Zinc-Bromine segment is estimated at 22.4% CAGR for the next 8-year period. 

The U.S. Market is Estimated at $75.4 Million, While China is Forecast to Grow at 24.8% CAGR

The Flow Batteries market in the U.S. is estimated at US$75.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$234.8 Million by the year 2030 trailing a CAGR of 24.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 19% respectively over the 2022-2030 period. Within EuropeGermany is forecast to grow at approximately 19.2% CAGR.
 

Key Market Trends & Drivers

  • Growth of Intermittent Renewable Energy Sources and the Resulting Need for Energy Storage: A Key Opportunity for Flow Batteries
  • Energy Storage Grange Challenge
  • Inevitable Rise in Energy Demand Post COVID-19 to Throw Spotlight on Renewable Energy & Energy Storage Technologies
  • Select Flow Batteries Projects for Energy Storage
  • Will Flow Batteries Surpass Li-ion for Large-scale Energy Storage
  • Flow Batteries Vs Lithium-Ion Batteries
  • Rise in Number of Startups in Flow Batteries Space
  • Growing Opportunities for Flow Batteries in Clean Energy Space
  • Innovative Compact & Affordable Flow Batteries to Spearhead New Era in Clean Energy
  • Flow Batteries: Potential to be a Game Changer for Electric Vehicles
  • Growing EV Adoption Pushes Up Stakes for Flow Batteries
  • Utilities: The Major End-Use Market for Flow Batteries
  • Need for Improved Energy Management amidst Increasing Demand for Electricity Benefits Market Expansion
  • Electricity Demand Patterns Encourage Market Expansion
  • Grid Modernization Programs Emphasize Grid Connected Energy Storage
  • Flow Batteries for Grid Storage
  • Redox Flow Battery for the Grid-Scale
  • Smart Grids Elevate the Prospects for Flow Batteries
  • Complex Infrastructure and Scale of Modern Data Centers Necessitates Energy Storage: Potential for Flow Batteries
  • Residential Applications to Witness Increased Penetration of Flow Batteries in the Long Run
  • Smaller Flow Battery Companies Witness Growth in Commercial and Residential Markets
  • Flow Batteries Hold Potential in Military Applications
  • Vanadium Emerges as a Preferred Electrolyte in Flow Batteries
  • Vanadium Flow Batteries Unveil Opportunities in Energy Storage
  • Vanadium Redox Flow Batteries: A High Growth Market
  • VRFBs Demonstrate Efficiency in Sustainable Energy Applications
  • Vanadium Redox Flow Batteries Face Stiff Challenge in Replacing Li-ion Batteries for Utility-Scale Storage
  • AI Control for VRFBs - The First-of-its-Kind Control Method for Improving Battery Performance for DC Microgrid Applications
  • Bromine Flow Batteries: Opportunities in Store
  • Hybrid Flow Battery Market: An Overview
  • Zinc-Bromine (ZnBr) Chemistry: A Reliable Hybrid Flow Battery
  • Zinc Iron Flow Batteries Gain Interest in Grid-Scale Energy Storage Applications
  • Redox Flow Batteries: Significant Potential in Storage Battery Market
  • Advancements in RFBs to Support the World Easily Transition to Sustainable Energy Future
  • RFB Projects On the Move
  • Technological Innovations & Advancements Drive Flow Batteries Demand
  • Rentable Electrolytes Model Comes into Spotlight for Flow Batteries to Compete Against Lithium Ion Batteries
  • Challenges Confronting Flow Batteries Market


https://www.prnewswire.com/news-releases/flow-batteries-market-set-to-reach-1-3-billion-by-2030--led-by-growth-in-vanadium-and-zinc-bromine-sectors-302085889.html


 

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