Largo Inc T.LGO

US Department of Energy (US DoE) grant

[Drhoho]

LCE announced to be one of four companies granted research and development (R&D) projects by the US DoE. LCE will receive US $4.9 million of the US$17.9 grant. Other flow battery news:  ENEL Green Power Espana moving ahead with ESS Inc to install a 8.5 MWh iron flow battery in a Spain solar farm, seemingly in competition with the recently announced ENEL contract with LCE for its first VRFB installation in Spain. ?Vanadium vs Iron flow batteries? for long storage, cost, safety, reliability, efficiency?

[Drhoho]

Announcements above today found in Energy Storage News.

[Drhoho]

Is anyone here surprised that the US DoE announcement was not made by LGO Resources, but rather came from 24 September,2021 Energy Storage News?

[Clipper2]

Thanks doc. Energy Storage announced this on Sep 24th and Largo must have known about it before that, and yes, they should have announced it, but I'm not surprised that they failed to do so. Here is the link https://www.energy-storage.news/us-doe-puts-us18m-into-long-duration-energy-storage-manufacturing-rd/

[SKiamforsure]

You would think it should be shouted on high It is a good news item  Largo Clean Energy: Primary vanadium producer Largo Resources has set up Largo Clean Energy, its Massachusetts-headquartered subsidiary focused on creating a vertically-integrated flow battery business. The company and its partners will receive US$4.9 million to develop and demonstrate manufacturing processes for

[island9999]

  No point to have put this news out last week,it would have been swallowed up by the total sell off negativity that ruled. The article also speaks to the competition in the other battery companies that also received grants, definitely would be a bonus to get news of another battery contract.

[kha341]

We, the long, would welcome any bit of news that shows the company is alive and kicking especially in the dark hours when the decline in sp seems to be bottomless.

[MetalsMan]

Here I sit with in shock......you're telling me that a company that lost 30% of its enterprise value in the last couple months, had its first and only battery sale, is pushing analyst to re-value based on vertical integration gets a grant from the US Government specifically becasue of vertical integration processes and doesn't think it's worth an announcement.......most insane thing

[MetalsMan]

One more thing-"partners", as a plural?

[ninja123]

non-dillutive equity is a wonderful thing .. the DOE grant is notable, but not that big of a deal commercially .. it doesn't increase sales.  the fact that management doesn;t communicate however, annoys the heck out of me .. i really can;t stand this management team. 

[kha341]

Perhaps they view “receiving this US DoE grant” as a weakness and the anti-transparency habit kicks in. Who knows?

[jcw604]

No matter if it is viewed as weakness or blessing from the government, it must be announced, because as a public trading company, they are obligated to inform their investors. I will submit a complaint to the authorities.