Largo Inc. announced the signing of definitive agreements between its subsidiary, Largo Clean Energy Corp. (LCE), and Stryten Critical E-Storage, LLC, an affiliate of Stryten Energy LLC, to establish a joint venture in Storion Energy, LLC. This transaction is subject to customary closing conditions.
Storion Energy intends to become a leading manufacturer of domestically produced vanadium electrolyte and battery components for long-duration energy storage (LDES). The partnership aims to maximize the value of Largo’s vanadium products and accelerate the deployment of vanadium flow battery (VRFB) solutions.
This strategic joint venture is anticipated to increase the demand for vanadium from Largo and the broader vanadium sector. Storion will leverage its patented purification process to streamline the manufacture of vanadium electrolyte, supporting a fully integrated vertical supply chain for utility-scale VRFB LDES solutions in the U.S.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.