LCE wants to capture 3% of clean energy storage market
Our first contract to deliver a 6.1-megawatt-hour VCharge system is a small-scale start. Our objective is 1,400 megawatt-hours by 2025. So we are talking about a goal of supplying approx 14,000T of V2O5 to be ramped up in 3 - 4 years. A lot of tonnage as compared to our annual V2O5 production guidance of 12,000 - 12,500T .
https://www.mining.com/largo-to-capture-3-of-clean-energy-storage-market-by-2025/
Integrated vanadium producer Largo Resources (TSX: LGO; OTCQB: LGORF) is charting a course towards capturing 3% or about 1,400 megawatt-hours of the long-duration energy storage battery market by 2025, company executives said during the company’s first ‘battery day’ presentation this week.
Largo, which had spun out Largo Clean Energy in December 2020 to provide long-duration vanadium redox flow battery systems for the renewable energy storage market, expects the market’s total installed storage capacity to total about 49,000 MWh by 2025 – worth an estimated $16 billion.