Largo and Stryten Energy to Form Storion Energy for the Manufacture of Vanadium Electrolyte and Battery Components for Long Duration Energy Storage
Largo Inc. - Common Shares (LGO)
Company Research
Source: Business Wire
Storion Energy LLC (“Storion”) intends to become a leading U.S.-based manufacturer of vanadium electrolyteStorion plans to develop additional vanadium flow battery solutions to satisfy projected demand from the long duration energy storage (“LDES”) sector TORONTO--(BUSINESS WIRE)--Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) is pleased to announce the signing of definitive agreements between its subsidiary, Largo Clean Energy Corp. (“LCE”), and Stryten Critical E-Storage, LLC (“Stryten”), an affiliate of Stryten Energy LLC, to establish a joint venture in Storion Energy, LLC (“Storion”) (the “Transaction”), subject to customary closing conditions. Storion intends to become a leading manufacturer of domestically produced vanadium electrolyte and remove other barriers to entry in the flow battery manufacturing industry.Francesco D’Alessio, Chief Commercial Officer of Largo and President of LCE, stated: “We expect the Storion partnership with Stryten Energy to be hig
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LGO
News
- Largo Inc. (NYSE: LGO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.20 price target on the stock.MarketBeat
- Storion Energy Announced as New Safekeeper of its Held Vanadium Units; Anticipates Increased Demand for Leased Vanadium ElectrolyteGlobeNewswire
- Largo and Stryten Energy to Form Storion Energy for the Manufacture of Vanadium Electrolyte and Battery Components for Long Duration Energy Storage [Yahoo! Finance]Yahoo! Finance
- Stryten Energy and Largo Launch Long-Duration Energy Storage Company [Yahoo! Finance]Yahoo! Finance
- Stryten Energy and Largo Launch Long-Duration Energy Storage CompanyBusiness Wire
LGO
Sec Filings
- 12/19/24 - Form 6-K
- 11/26/24 - Form 6-K
- 11/26/24 - Form 6-K
- LGO's page on the SEC website