Stryten Energy and Largo Launch Long-Duration Energy Storage Company
Storion Energy will bring transformational utility-scale clean energy resources to
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 design and Largo Physical Vanadium Corp.’s (VAND:TSXV, VANAF:OTCQX) unique vanadium electrolyte leasing capabilities to deliver vanadium electrolyte at less than
“This is the moment to capitalize on a new clean energy era not dominated by foreign sources,” said Mike Judd, President and CEO of Stryten Energy. “VRFB technology will completely replace lithium in the utility arena in the next five years given its ability to support the deployment of renewables that will provide energy for data centers, AI, green hydrogen production and other commercial-industrial applications. Storion will be able to serve this market opportunity with a competitively priced and domestically manufactured source for LDES solutions.”
Today, vanadium electrolyte typically constitutes a large portion of the overall VRFB system cost, depending on the market price of vanadium. Largo Physical Vanadium provides a unique vanadium leasing model, which provides a vehicle for investors to invest in physical vanadium assets while those assets are stored in VRFBs, with the goal of alleviating the cost of acquiring this critical mineral used in VRFB solutions and driving additional vanadium demand. Storion will have exclusive rights to offer LPV-owned vanadium to the market in the form of vanadium electrolyte.
“Utilizing LPV’s vanadium electrolyte leasing capabilities is expected to create a path for a competitive VRFB pricing model to challenge the dominance of lithium for utility-scale deployments of 10 MWhs and greater,” said Francesco D’Alessio, President of LCE. “Following the installation of the largest VRFB in
VRFB technology is a safe and reliable option to provide long-duration energy storage greater than four hours to help ensure grid stability and facilitate increased utilization of renewables for businesses and consumers across the
About Storion Energy
Storion Energy intends to bring energy resilience and security to the
About Stryten Energy
Stryten Energy helps solve the world’s most pressing energy challenges with a broad range of energy storage solutions across the Essential Power, Motive Power, Transportation, Military and Government sectors. Headquartered in
About Largo Physical Vanadium Corp.
LPV (VAND:TSXV, VANAF:OTCQX) aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, a metal essential to achieving a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degrading and fully recyclable when used as electrolyte in vanadium redox flow batteries (VRFBs) and offers carbon reducing attributes when used in steel alloying applications. LPV offers pure-play exposure to vanadium through its holdings of physical vanadium. LPV's strategy is not only to achieve appreciation through the acquisition of vanadium, but to own and actively supply vanadium to end users of VRFBs to advance to integration of renewable energy in long duration storage. This strategy is integral to LPV's business plan, as it necessarily defrays the costs to LPV associated with storage of vanadium, and demonstrates the benefits and utility of vanadium, therefore supporting vanadium's value. For more information, please visit www.lpvanadium.com.
About Largo
Largo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Maracás Menchen Mine in
Largo is also strategically invested in the clean energy storage sector through its
Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol “LGO”. For more information on the Company, please visit www.largoinc.com.
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Melissa Floyd
Vice President, Corporate Communications & Digital Marketing
678.599.9887
melissa.floyd@stryten.com
Source: Stryten Energy LLC