RE:RE:RE:Topical: Quite informative videokha341 wrote: Theturk12 wrote: Great video Kha. What I got out of this was the question: How the hell is Largo suppose to run a mine with what all that entails and try to build a VRFB and sell them with what all that entails. We all know where most of the screw ups have been lately and it isn't in mining.
And don’t forget the departure of Robertson, Prince and all of the formal Vionx managers. Does LCE have any VRFB experts left? The only VIP left from the inception of LCE is our “famous” Paul Vollant. God help us!
I dare to say that the joint venture with Ansaldo for the “Manufacturing and Commercial Deployment of VRFBs” is crucial for the survival of LCE.
The first test of success/failure will be the on-time delivery of Enel’s VRFB in Q1-23.
Arias VRFB vision is great but the devil is in the “delivery”.
My 2cts
Having said the above I must add that regardless of the success/failure of LCE, even a small VRFB success story in the stationary energy storage market (see article below) will boost the revenue from Largo’s mining pillar in a big way thanks to the increase in Vanadium demand.
https://www.crown.co.za/modern-mining/industry-news/21122-vanadium-set-for-disruptive-demand-growth-as-battery-energy-storage-boom-gains-momentum-vanitec
June 2022
According to an independent analysis by market intelligence and advisory firm, Guidehouse Insights, global annual deployments of vanadium redox flow batteries (VRFBs) are expected to reach approximately 32.8 GWh per annum by 2031. This represents a compound annual growth rate (CAGR) of 41% over the forecasted period.
The VRFB deployment forecast by Guidehouse Insights would equate to between 127,500 and 173,800 tons of new vanadium demand per year by 2031, according to Vanitec calculations based off Guidehouse’s projection. That would be more than twice as much vanadium as is currently produced annually today.