Published: 6 May 2021, 13:11
By:
Andy Colthorpe
Largo Clean Energy was officially launched in December last year, with the company expected to commercialise its VRFB product within 18 months of that date. Image: Largo Resources via Twitter.
Largo Resources, a vertically-integrated vanadium supplier launching its own line of redox flow batteries for energy storage, is establishing 1.4GWh of annual battery stack manufacturing capacity.
The company said yesterday that it has secured a location in Massachusetts, US, from which it will manufacture the vanadium redox flow battery (VRFB) stacks and develop products. The new site will also be the headquarters for Largo Clean Energy, the subsidiary Largo Resources launched in December to capitalise on opportunities in stationary storage for the grid.
Form 6-K Largo Resources Ltd For: May 05 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Largo Resources taps Brazil in vanadium battery push Reuters 5/4/2021
SAO PAULO, May 4 (Reuters) - U.S.-based Largo Clean Energy is preparing to produce batteries using vanadium extracted from northeastern Brazil, the company s chief executive said on Tuesday, in a bid to capture a chunk of the fast-growing renewable energy storage market.
The company, whose parent Largo Resources Ltd is mining the elemental metal in the Brazilian state of Bahia, is in advanced negotiations with potential clients, said Paulo Misk, CEO of the Largo group. He says the firm s vanadium batteries are lower cost and last longer than rival solutions, such as lithium.
TSX: LGO ) (
NASDAQ: LGO ) announces first quarter 2021 production and sales results from its Maracás Menchen Mine featuring quarterly production of 1,986 tonnes (4.4 million lbs 1 ) of vanadium pentoxide (â
V 2 O 5 â) and sales of 2,783 tonnes of V 2 O 5 equivalent.
Largo Resources Announces First Quarter 2021 Production and Sales Results; Strong Vanadium Market Fundamentals Continue (Photo: Business Wire)
Paulo Misk, President and Chief Executive Officer for Largo, stated: Production was largely impacted during the quarter as a result of the planned shutdown to complete the upgrades and improvements associated with the Companyâs cost-efficient nameplate increase to 1,100 tonnes of V 2 O 5 per month. The related work for this project concluded in January 2021 and we expect to reach the new nameplate capacity by the end of Q2 2021, following the required commissioning and ramp up phases. He continued:
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