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.

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Largo Inc > Not exactly encouraging

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Comment by jcw604on Jul 29, 2022 10:17am

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Post# 34859815

RE:Not exactly encouraging

Thanks for the info. Questions, you said, several hundred Mwh range. Is that too bug for Largo to offer?

ceetong wrote:
Those who follow the flood of new BESS projects being announced all over the world in recent months will have noticed that no large scale VRFB projects are among them. This fact casts doubts on the marketing story of VRFBs catching a worthwhile share of the market.

Even more concerning, at least on VRFB player is diversifying away from Vanadium.
Vanadium flow battery storage system developer VoltStorage from Germany has raised capital to develop an iron salt based flow battery. https://www.energy-storage.news/voltstorage-raises-e24-million-to-expand-product-offering-beyond-vanadium/

The reason might be team V's inability to grow capacity in a meaningful way and quickly. Today's projects are in the several hundreds MWh range and nobody in the V camp has anything to offer in this league. To me, this looks like team V might miss the boat.