Largo and Stryten Energy to Form Storion Energy for the Manufacture of Vanadium Electrolyte and Battery Components for Long Duration Energy Storage [Yahoo! Finance]
Largo Inc. - Common Shares (LGO)
Company Research
Source: Yahoo! Finance
Storion plans to develop additional vanadium flow battery solutions to satisfy projected demand from the long duration energy storage ("LDES") sector TORONTO, December 19, 2024 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 highly beneficial to Largo and its clean energy storage investment strategy. The
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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
- 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
- Largo and Stryten Energy to Form Storion Energy for the Manufacture of Vanadium Electrolyte and Battery Components for Long Duration Energy StorageBusiness 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