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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 ceetongon Oct 14, 2022 12:12pm
138 Views
Post# 35024951

Outsized!

Outsized!
In a recent interview Wrtsil VP Andy Tang said "We are now at the point where [in the UK, Western Europe, United States, Taiwan, Australia] the average sized system for us is 100MW/200MWh." link This is what the market is focusing on right now.

On the other side you have VRFB manufactureres offering much smaller systems. Invinity for example  reported its "Largest Project to Date" at 10MWh just yesterday. link That's still 10x - 20x smaller than Wrtsil's average system.

The need for much bigger VRFB system offerings is evident. Therefore, investments in manufacturing capacity for Vanadium based systems as well as electrolyte is a must. The current expansion projects are clearly under-sized. We have yet to see a western VRFB manufacturer invest in additional capacity in a meaningful way. Unless this happens, VRFB's won't be able to compete in the "utility segment".
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