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Largo Physical Vanadium Corp. ( (TSE:VAND) ) has issued an update.
Largo Physical Vanadium Corp. has announced a strategic supply agreement between Storion Energy and TerraFlow Energy, marking a significant step in the adoption of vanadium flow batteries in the U.S. The agreement includes a 48 MWh flow battery project in Texas, validating LPV’s vanadium leasing model by reducing upfront costs and facilitating broader commercialization. This collaboration is expected to enhance LPV’s market positioning by decreasing storage costs and increasing revenue streams, while also supporting the development of a domestic vanadium supply chain, challenging the dominance of lithium-ion batteries in utility-scale projects.
More about Largo Physical Vanadium Corp.
Largo Physical Vanadium Corp. (LPV) operates in the energy storage industry, focusing on vanadium leasing for flow battery systems. The company is known for its unique vanadium leasing model, which supports long-duration energy storage solutions, particularly in the U.S. market.
Average Trading Volume: 7,226
Technical Sentiment Signal: Sell
Current Market Cap: C$11.1M
Find detailed analytics on VAND stock on TipRanks’ Stock Analysis page.