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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 kha341on Sep 06, 2023 7:14am
154 Views
Post# 35621362

LPV: Vanadium Monthly News (Aug)

LPV: Vanadium Monthly News (Aug)

Vanadium prices remained generally stable in August, however, the sector continued to gain global recognition for its vital role in energy storage.

Vanadium's Pivotal Role in Accelerating Renewable Energy Integration

An important potential catalyst for Largo PhysicalVanadium (“LPV”) is the announcement by Largo Inc. that it is initiating a review of strategic alternatives for its 100%-owned clean energy subsidiary, LargoClean Energy Corp. (“LCE”). This comprehensive review process includes evaluating and completing financing transactions at the LCE subsidiary level, mergers and acquisitions of LCE with other battery companies and partnership opportunities with well-established energy system producers who are interested in entering the vanadium battery sector with the unique elements that Largo offers to this industry.


 

We believe this process, if successful, could accelerate deployment of vanadium units owned by LPV in vanadium batteries.


 

One of the most significant vanadium redox flow battery (“VRFB”) ventures remains in Asia, particularly with the impressive Shanyang County initiative in China, which envisions an entire vanadium-based industrial chain, and the Beijing Green Vanadium New Energy's proposed 300MW project, further amplifying the narrative of vanadium's ascendancy in the region.

 

Another remarkable event was the European Investment Bank's €30 million loan to Germany-based VoltStorage, with a goal to advance its VRFB technology. This move not only reflects Europe's commitment to the green energy transition, but also highlights the growing consensus around flow batteries as a sustainable choice for stationary energy storage. Particularly in comparison to lithium-ion batteries, VRFBs present significant advantages, including a lower safety risk profile and almost non-existent degradation.

 

We are also seeing an increasing appetite for VRFBs in the U.S., as demonstrated by Stryten Energy's initiative in Georgia. Their project, in collaboration with Snapping Shoals EMC, marks the installation of the first VRFB energy storage system in the state. Such ventures underscore the promising potential of VRFB for long-duration energy storage and reinforce our conviction in the vast opportunities that await this sector.

 

Down under, Australian Vanadium’s commitment to establishing a vanadium electrolyte manufacturing facility, aiming for production by November 2023, is yet another testament to the burgeoning demand and strategic value of vanadium in the renewable energy ecosystem.

 

Finally, I must highlight Invinity Energy Systems' pivotal project in Alberta, Canada. Delivering an 8.4 MWh vanadium flow battery to Elemental Energy for the Chappice Lake Solar Storage initiative is a milestone, not just for Invinity but for Canada at large.

 

 

In aggregating these developments, a lucid picture emerges:

The world is embracing vanadium to bridge the intermittency of renewable energy sources and ensure their consistent integration into our energy grids.

At LPV, we remain poised and ready to leverage these expansive opportunities. I would like to extend my sincere appreciation to all our stakeholders who share this exciting journey with us. The future is green, and vanadium stands central to that vision, together we are shaping it.


 

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