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Largo Inc LGO


Primary Symbol: T.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 Jul 30, 2024 2:40pm
115 Views
Post# 36154849

Battery Energy Storage Systems (BESS)

Battery Energy Storage Systems (BESS)

 


“The Battery Energy Storage Systems (BESS) industry has been dominated by lithium-ion batteries, but the need for more long-duration storage, which cannot currently be done economically and safely with lithium, will open the door for promising non-lithium technologies”. 

Dr. Matthias Simolka, product manager and part of Technical Solution Engineering at TWAICE, a cloud-based battery analytics software provider headquartered in Germany.


The following basic facts about BESS = Excerpt from “Technical Information Paper Series” of The Hartford 



BACKGROUND


With the growth of renewable energy sources for commercial, residential,

and industrial applications over the past few decades, the battery energy

storage system is a relatively new technology finding its way into many

business operations to better support this planned and anticipated growth.

The US utility PV market is expected to increase capacity by over 400

gigawatts over the next 10 years, and energy storage is a key component

to supporting that level of capacity expansion.

The BESS is one of three general types of energy storage systems found

in use in the market today. These include Thermal Storage Systems,

Mechanical Systems and Battery Energy Storage Systems. The basic

premise on all three general categories of energy storage is a technology

which stores energy collected from a wide variety of sources and maintains

that energy until it is called upon or demanded from equipment or a service.

Each technology has unique equipment and operational characteristics

that intend to assure that energy is available at times of peak rates from

the utility grid, or at times of power loss due to major disruption, including

power blackouts or natural hazard disruption.

The current and future expected rapid growth of battery energy systems

can be explained by their cost of implementation, resilience, environmental

efficiency, smart energy consumption, smaller footprint of installation, and

their ability to quickly transfer from charge to discharge upon demand.

Despite their benefits, battery energy storage systems (BESS) do present

certain hazards to its continued operation, including fire risk associated

with the battery chemistries deployed.



TYPES OF BESS


BESS units are available in a variety of power (measured

in kW and MW) and energy ratings (measured in kWh

and MWh). The energy ratings describe how much

energy can be delivered by the BESS over an hour,

while the power ratings depict the maximum amount

that can be delivered, constrained by the inverter and

system design.

BESS units are available in a variety of capacities,

depending upon use. For example, small, residential-

sized BESS units typically have an energy rating of up

to 5 kW, while commercial and utility scale BESS can

range from the single digit MW comprising individual

containers up to hundred(s) MWh systems. There are

new projects being developed now that exceed 1 GWh

(gigawatt hours) in energy capacity.

BESS battery cells contained within modules on racks

can be interconnected to increase the energy capacity

and align with the expected demand for specific use

applications. These module arrays are typically contained

within a room or within an exterior container which can

vary in length, usually between 20 and 63 feet.

• Lithium-Ion (LMO, NMC, NCA, LFP)

• Lead Acid (Flooded)

• Nickel-Cadmium, Sodium-Sulfur

Flow (Vanadium Redox)

The most common chemistry found in the BESS market

today is Lithium-Ion, followed by lead acid and flow

(vanadium-redox) battery chemistries. The popularity of

chemistries is influenced by the power density ratings

for each, rechargeable time requirements, duration of

energy discharge, and availability. However, the fire risk

of each chemistry is a factor that should be considered

when selecting a chemistry for a BESS implementation.


WHERE ARE BESS FOUND?


The number and uses of Battery Energy Storage Systems

are expanding to a wider variety of business operations

and applications than when they were first introduced o

the industry over a decade ago. Today, these applications

may be found providing support for grid peaking to

supply energy back to the utility grid when demand

is high, either at local power substations or at private

locations which use BESS to help offset peak grid rates.

They can also be found in remote locations where

renewable energy sources are plentiful to collect and

store renewable power for later use.

Increasingly, we are seeing BESS installations at

commercial occupancies, including retail centers,

warehouse and distribution centers, data centers, and

many others where renewable power in the form of

photovoltaic panels are being installed in yard areas or

on unused roof spaces. The BESS enables the operators

of the PV arrays to store energy collected via PV panel

cells and hold it for use at a time when utility power

is high due to demand, or at a time when increased

demand exists at the location. In many of these

installations, the operators have sell/buy contracts with

the local utility in which excess and unused but stored

power can be distributed to the local grid at higher

demand periods.

Today, we are also seeing smaller versions of an

industrial BESS installed within single- and multiple-

family homes, which collect and store energy from

smaller roof-mounted PV panels.








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