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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 Jul 10, 2023 3:16pm
109 Views
Post# 35534085

The part fan boy has omitted

The part fan boy has omitted
goes a long way toward explaining why VRFB could be considered a loser:

"Development of the project commenced in 2015. Sumitomo has already deployed 37 redox flow battery systems across multiple countries, with a total capacity of 47 MW/162 MWh."

It took them at least 8 years to deploy 162MWh. Compare that to what's going on in the markets right now: "US utility company Xcel Energy has received approval from Minnesota state regulators to build a 1GWh project in the state using Form Energy’s iron-air battery storage technology."

https://www.energy-storage.news/xcel-energy-1gwh-minnesota-project-with-form-energys-iron-air-batteries-approved/

Iron-air is a competitor to VRFB. One of the companies involved is going to build a 1000 MWh project in just one deal! Now compare that to 162MWh in 8 years... Talk about losing out...
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