Largo Physical Vanadium Corp. (LPV) highlighted Storion Energy LLC’s strategic supply agreement with TerraFlow Energy Operating LLC and a vanadium electrolyte lease agreement for TerraFlow’s 9.6 MW, 5-hour flow battery project in Bellville, Texas. This 48 MWh project will be one of the largest deployments of its kind in the U.S.
LPV’s unique vanadium leasing platform will directly support this milestone project, positioning LPV to supply future Storion long-duration energy storage projects. The lease agreement removes the need for customers to purchase vanadium outright, significantly lowering upfront capital requirements and making vanadium flow batteries more cost-competitive.
The electrolyte lease is expected to commence in early 2027, when the electrolyte is deployed and the project reaches initial energization. This validation of LPV’s business model is anticipated to increase storage fee revenue and reduce vanadium storage costs, generating long-term value for shareholders by facilitating commercial-scale adoption of safe, long-duration vanadium energy storage solutions.
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