Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

<< Previous
Bullboard Posts
Next >>
Post by Bullsprig57on Feb 24, 2023 6:28am
225 Views
Post# 35302701

Want DOE to Invest in Energy Storage Technologies O

Want DOE to Invest in Energy Storage Technologies O
Feb. 9, 2023
Other available technologies include nickel cobalt aluminum and nickel manganese cobalt, as well as vanadium redox flow batteries.
 

Lawmakers from the U.S. Senate Energy and Natural Resources Committee sent a letter to Secretary of Energy Jennifer Granholm asking the Biden Administration to follow the guidelines of the 2021 Infrastructure Investment and Jobs Act and invest resources in a wider variety of battery energy storage technologies beyond the dominant lithium ion battery electrochemistry.

The letter, sent by Sens. Joe Manchin (D-WV), Angus King (I-ME) Jim Risch (R-ID), Shelley Capito (R-WV) and Sheldon Whitehouse (D-RI), stated that while investment in lithium-based energy storage is good, an overreliance on lithium leaves the U.S. vulnerable to international constraints on the material.

According to the International Energy Agency, lithium iron phosphate batteries are the industry preferred choice for utility-scale energy storage, and constitute the majority of new installations. Other available technologies include nickel cobalt aluminum and nickel manganese cobalt, as well as vanadium redox flow batteries.

The senators’ letter says all programmatic funding awards under IIJA so far have related to the lithium-ion battery supply chain. 

“We are pleased to see this funding awarded and recognize the importance of domestic lithium-ion batteries, especially in the transportation sector. However, going forward the Department should also seek to accelerate the deployment of domestic alternative battery manufacturing for grid-scale battery energy storage, in addition to lithium-ion technologies, in line with Congressional intent,” the letter said.

In December 2022, the DOE’s Loan Programs Office finalized a $102.1 million direct loan to Louisiana-based Syrah Technologies LLC for the expansion of a processing facility for a critical material used in lithium-ion batteries for electric vehicles and other clean energy technologies.

The DOE also made a $2.5 billion loan to Ultium Cells LLC, a joint venture of LG Energy Solutions and General Motors, to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee and Michigan to support the domestic EV industry, according to the DOE.

 

“Battery energy storage will play a crucial role in the clean energy future and increasing domestic advanced battery manufacturing presents an important opportunity to restore and diversify our nation’s energy supply chains while creating thousands of high paying clean energy jobs. We thank the Department for its efforts to date and look forward to working with the Administration on achieving these priorities,” the letter said.


<< Previous
Bullboard Posts
Next >>