Energy Pillar Costs (as per MD&A)
US$
| Period | LCE | LPV | Total LCE + LPV | Guidance / Note |
| 2021 | $3.1M | - | $3.1M | Tech start up costs |
| 2022 | $26.7M | $2.0M | $28.7M | |
| 2023 | $19.3M | $1.0M | $20.3M | |
| 2024 | n/a | n/a | n/a | $7M to $9M |
| Total to date | $49.1M | $3.0M | $52.1M | $59.1M to $61.1M by the end of 2024 |
Dollar wise, what is the size of our first battery sale? What is the expectation in terms of “Upfront Revenue” and/or “Lease Payment”? When do we expect to receive the first payment from Enel?
How come nobody knows?
The total radio slence from management is so weird!
News Release dated March 18 2024: TORONTO--(BUSINESS WIRE)-- Largo Inc. (TSX: LGO) (NASDAQ: LGO) is pleased to announce the signing of a non-binding letter of intent with Stryten Energy LLC (“Stryten”) to establish a 50:50 joint venture that would combine the Company’s wholly owned subsidiary, Largo Clean Energy Corp. (“LCE”) with Stryten’s vanadium redox flow battery (“VRFB”) business (the “Proposed Transaction”). This announcement comes in concert with Enel Green Power Espaa and LCE’s go-live of a 5.5-megawatt hour VRFB in Spain, the deployment of one of the largest utility scale vanadium systems in Europe.