Post by
Drhoho on Sep 26, 2021 5:55am
US Department of Energy (US DoE) grant
LCE announced to be one of four companies granted research and development (R&D) projects by the US DoE. LCE will receive US $4.9 million of the US$17.9 grant. Other flow battery news: ENEL Green Power Espana moving ahead with ESS Inc to install a 8.5 MWh iron flow battery in a Spain solar farm, seemingly in competition with the recently announced ENEL contract with LCE for its first VRFB installation in Spain. ?Vanadium vs Iron flow batteries? for long storage, cost, safety, reliability, efficiency?
Comment by
Drhoho on Sep 26, 2021 5:59am
Announcements above today found in Energy Storage News.
Comment by
Drhoho on Sep 26, 2021 6:39am
Is anyone here surprised that the US DoE announcement was not made by LGO Resources, but rather came from 24 September,2021 Energy Storage News?
Comment by
Clipper2 on Sep 26, 2021 7:24am
Thanks doc. Energy Storage announced this on Sep 24th and Largo must have known about it before that, and yes, they should have announced it, but I'm not surprised that they failed to do so. Here is the link https://www.energy-storage.news/us-doe-puts-us18m-into-long-duration-energy-storage-manufacturing-rd/
Comment by
island9999 on Sep 26, 2021 4:57pm
No point to have put this news out last week,it would have been swallowed up by the total sell off negativity that ruled. The article also speaks to the competition in the other battery companies that also received grants, definitely would be a bonus to get news of another battery contract.
Comment by
kha341 on Sep 27, 2021 11:46am
We, the long, would welcome any bit of news that shows the company is alive and kicking especially in the dark hours when the decline in sp seems to be bottomless.
Comment by
MetalsMan on Sep 27, 2021 2:23pm
One more thing-"partners", as a plural?
Comment by
ninja123 on Sep 27, 2021 10:22am
non-dillutive equity is a wonderful thing .. the DOE grant is notable, but not that big of a deal commercially .. it doesn't increase sales. the fact that management doesn;t communicate however, annoys the heck out of me .. i really can;t stand this management team.
Comment by
kha341 on Sep 26, 2021 9:19am
Perhaps they view “receiving this US DoE grant” as a weakness and the anti-transparency habit kicks in. Who knows?
Comment by
jcw604 on Sep 27, 2021 9:05am
No matter if it is viewed as weakness or blessing from the government, it must be announced, because as a public trading company, they are obligated to inform their investors. I will submit a complaint to the authorities.