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 > Unprecedented market conditions increase prices of BESS

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Post by kha341on Dec 06, 2022 12:04pm

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Post# 35153613

Unprecedented market conditions increase prices of BESS

Note: Li-ion batteries = By far the most common type of BESS (battery energy storage systems).

Significant increases in battery prices due to commodity price inflation, supply chain constraints have forced California utility PG&E to increase the prices it will pay for 2GWh of battery storage projects.

“Explaining the move, PG&E said that after the contracts were executed developers brought “concerns regarding unprecedented changed market conditions which render the projects uneconomical””

https://www.energy-storage.news/unprecedented-market-conditions-force-pge-to-up-price-on-2gwh-of-battery-storage-contracts/