Largo Inc. announces proposed JV with Stryten Energy

Largo Inc. is pleased to announce the signing of a non-binding letter of intent with Stryten Energy to establish a 50:50 joint venture that would combine the company’s wholly owned subsidiary, Largo Clean Energy Corp. with Stryten’s vanadium redox flow battery business. This announcement comes in concert with Enel Green Power Espana and LCE’s go-live of a 5.5-megawatt hour VRFB in Spain, the deployment of one of the largest utility scale vanadium system in Europe. The combination of the parties’ decades of VRFB technology expertise, access to raw vanadium supplies from friendly sources, and high-volume electrolyte production capabilities is expected to transform the long-duration energy storage sector in North America.