Dec 8 2020 NR:
https://www.prnewswire.com/news-releases/largo-resources-launches-largo-clean-energy-creating-a-leading-vertically-integrated-and-sustainable-renewable-energy-storage-provider-301188398.html
1) Launch of Largo Clean Energy creates an industry-leading, vertically integrated vanadium redox flow battery ("VRFB") business to provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market
2) Acquisition of 12 patent families previously owned by VionX Energy Corp. ("VionX Energy") with coverage in key jurisdictions to enable Largo Clean Energy to deploy VionX Energy's battery systems under Largo Clean Energy's VCHARGE± branding
3) Onboarding of core technical team members previously employed by VionX Energy with decades of VRFB expertise
4) Over US$150 million of investment by VionX Energy in commercially proven VRFB technology and operational optimizations
5) VCHARGE± System: Combination of patented VRFB electrolyte processing technology, utilization of industry-leading flow battery stack technology and supply of Largo's high purity vanadium required in the manufacturing of vanadium electrolyte will result in unparalleled competitive advantages
Question: Does Vionx Energy still exist as one of our competitors?
Vionx Energy’s proven grid storage solutions deliver long run-time and cost-competitive 20-year operation. Vionx Energy. Based in Massachusetts, Vionx is meeting a critical need in today’s energy storage marketplace: making the grid-scale battery practical, resilient and economical across a twenty-year time horizon. Though Vanadium Redox Flow (VRF) has already been proven through decades of use in numerous installations worldwide, United Technologies Corporation (UTC) has pioneered a breakthrough technology improvement to build a flow battery that delivers 2 times the power at a cost and reliability that was never before possible. We believe that in a world where renewable energy is bringing new levels of sustainability to communities, that disposable grid batteries are an anachronism. Our Vanadium Flow technology does not degrade over time, providing an evergreen battery solution that’s more in tune with customers’ renewable goals.
https://www.energy-xprt.com/companies/vionx-energy-corporation-92551
Some of the major market players studied and profiled in the global redox flow battery market are Sumitomo Electric Industries, Ltd., Dalian Rongke Power, UniEnergy Technologies., CELLCUBE, Avalon Battery Corporation, HydraRedox, Big pawer Electrical Technology Xiangyang Inc. Co., Ltd, Pinflow Energy Storage, s.r.o., VRB ENERGY, and Vionx Energy.
https://www.einnews.com/pr_news/582900024/redox-flow-battery-market-2021-2026-innovation-and-product-optimization-to-boost-growth