Business
Largo Resources Launches Largo Clean Energy; Creating a Leading, Vertically Integrated and Sustainable Renewable Energy Storage Provider
Largo Resources Launches Largo Clean Energy; Creating a Leading, Vertically Integrated an...
About this update from Largo Inc.
[{"type":"text","content":"\n \n \n \n Largo Resources Launches Largo Clean Energy; Creating a Leading, Vertically Integrated and Sustainable Renewable Energy Storage Provider\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n \n 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\n \n \n \n \n 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\n \n \n \n \n Onboarding of core technical team members previously employed by VionX Energy with decades of VRFB expertise\n \n \n \n \n Over\n \n US$150 million\n \n of investment by VionX Energy in commercially proven VRFB technology and operational optimizations\n \n \n \n \n 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\n \n \n \n \n Provides Largo Resources with additional commercial and growth opportunities for its high purity vanadium products at attractive overall economics\n \n \n \n \n Aligned with Largo Resources' goal of co...