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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 ThaLuvDoctaon Jun 11, 2024 8:16pm
106 Views
Post# 36083826

To AI: Questions About China VRFB part 2

To AI: Questions About China VRFB part 2Has any estimated market share been provided?

Yes, there are some estimates regarding the market share of vanadium redox flow batteries (VRFBs) in the energy storage market in China. According to research by the China Energy Storage Alliance, lithium-ion batteries dominated the market with 89.6% of the total installed energy storage capacity in 2021, while VRFBs accounted for only 0.9% [oai_citation:1,Vanadium redox flow batteries: a new direction for China’s energy storage? - Fastmarkets](https://www.fastmarkets.com/insights/vanadium-redox-flow-batteries-a-new-direction-for-chinas-energy-storage/).
 
However, the market share of VRFBs is expected to grow significantly in the coming years. Projections suggest that the penetration rate of VRFBs in energy storage could increase to 5% by 2025 and further to 10% by 2030 [oai_citation:2,Vanadium redox flow batteries: a new direction for China’s energy storage? - Fastmarkets](https://www.fastmarkets.com/insights/vanadium-redox-flow-batteries-a-new-direction-for-chinas-energy-storage/). This growth is driven by policies favoring safer and more sustainable battery technologies, significant investments in VRFB production facilities, and large-scale demonstration projects like those in Dalian and Hubei [oai_citation:3,First phase of 800MWh world biggest flow battery commissioned in China - Energy-Storage.News](https://www.energy-storage.news/first-phase-of-800mwh-world-biggest-flow-battery-commissioned-in-china/) [oai_citation:4,First Phase of 800MWH World Biggest Flow Battery Commissioned in China - World-Energy](https://www.world-energy.org/article/25949.html).
 
Despite the current small market share, the potential for VRFBs to expand is supported by China's large vanadium reserves and the country's strategic emphasis on renewable energy and long-duration energy storage solutions [oai_citation:5,Vanadium redox flow batteries: a new direction for China’s energy storage? - Fastmarkets](https://www.fastmarkets.com/insights/vanadium-redox-flow-batteries-a-new-direction-for-chinas-energy-storage/) [oai_citation:6,China’s largest solar-plus-flow battery project will be accompanied by VRFB ‘gigafactory’ - Energy-Storage.News](https://www.energy-storage.news/chinas-largest-solar-plus-flow-battery-project-will-be-accompanied-by-vrfb-gigafactory/).
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