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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.


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Post by kha341on Sep 03, 2024 11:59am
418 Views
Post# 36206342

H2 to deploy 8.8MWh VFB in Spain

H2 to deploy 8.8MWh VFB in Spain

https://www.energy-storage.news/h2-to-deploy-8-8mwh-vanadium-flow-battery-in-spain/

H2 to deploy 8.8MWh vanadium flow battery in Spain

By Cameron Murray

September 3, 2024



South Korea-based H2, Inc will deploy a 1.1MW/8.8MWh vanadium flow battery (VFB) in Spain in a government-funded project.

The project will be commissioned by the government energy research institute, CIUDEN, as part of a programme funded by the Ministry for Ecological Transition and Demographic Challenge of Spain.

The programme aims to deploy a long-duration energy storage (LDES) solution that could provide maximum power for eight hours, and H2 won its bid in collaboration with local Spanish firms.

H2 will supply the entire battery system using its latest modular flow battery, EnerFLOW 640. It claimed the VFB has the smallest footprint ever achieved with a VFB, thanks to its high-performance stacks, unique three-block design and HyperBOOST technology.

H2’s project in Spain is scheduled to be completed in 16 months, with installation targeted for the second half of 2025, the company said. It will use the project as a launchpad to expand in the European LDES market.

Spain is aiming for 80% renewable energy by 2030 and has set a 20GW energy storage target to achieve this goal.

H2 is working on what it claims is the US’ largest VFB project, a 20MWh system it started work on in December 2021, although has not provided an update since.

The company operates a manufacturing facility with an annual production capacity of 330MWh in Gyeryong-si, South Korea, and closed an US$18 million Series B financing round last year.

Dr. Shin Han, founder and CEO of H2, commented: “Moreover, H2 is planning to build a second VFB factory in South Korea soon to secure gigawatt-hour scale production. Therefore, you can expect to see many more global activities and projects utilising H2’s top-notch flow batteries.”

The technology is often acronymised as VRFBs, for vanadium redox flow battery, and both VFBs and VRFBs been covered extensively here. The technology is one of the most commercially mature LDES ones around but faces challenges in competing with lithium-ion and other solutions on cost.


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