Stryten Energy and Largo Launch Long-Duration Energy Storage Company
Largo Inc. - Common Shares (LGO)
Company Research
Source: Business Wire
Storion Energy will bring transformational utility-scale clean energy resources to North America ALPHARETTA, Ga.--(BUSINESS WIRE)--Stryten Energy LLC, a U.S.-based energy storage solutions provider, today announced the signing of agreements by one of its affiliates, Stryten Critical E-Storage LLC, with a subsidiary of Largo Inc. (NASDAQ, TSX: LGO), Largo Clean Energy Corp. (LCE), to form Storion Energy, LLC. The new company’s mission is to remove the barriers to entry for battery manufacturers to domestically source price competitive electrolyte used in vanadium redox flow batteries (VRFB) for long-duration energy storage (LDES) applications in the U.S.Storion utilizes the Earth to Energy™ model which combines access to high-quality vanadium supply from the only western hemisphere vanadium mine with domestic electrolyte production to establish a fully integrated vertical supply chain for utility-scale flow battery LDES solutions. Storion will leverage Stryten’s proprietary reactor
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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
- 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