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Wed May 5, 2021, 06:41 PM

Largo Resources taps Brazil in vanadium battery push

May 4, 2021
1:22 PM CDT
Technology

Luciano Costa

2 minute read

U.S.-based Largo Clean Energy is preparing to produce batteries using vanadium extracted from northeastern Brazil, the company's chief executive said on Tuesday, in a bid to capture a chunk of the fast-growing renewable energy storage market.

The company, whose parent Largo Resources Ltd (LGO.TO) is mining the elemental metal in the Brazilian state of Bahia, is in advanced negotiations with potential clients, said Paulo Misk, CEO of the Largo group. He says the firm's vanadium batteries are lower cost and last longer than rival solutions, such as lithium.

"Our battery isn't competing with car batteries," he said in a video interview. "Our battery is meant to make renewable energy, particularly solar and wind, viable in the sense of making up 100% of the energy matrix."

While vanadium battery technology is not new, it is widely viewed as an up-and-coming industrial solution for renewable energy providers looking to scale up.

More:
https://www.reuters.com/technology/largo-resources-taps-brazil-vanadium-battery-push-2021-05-04/

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Reply Largo Resources taps Brazil in vanadium battery push (Original post)
Judi Lynn May 5 OP
OAITW r.2.0 May 5 #1

Response to Judi Lynn (Original post)

Wed May 5, 2021, 07:22 PM

1. Sounds good, but-

what are the expected extraction costs?
In terms of Brazil national revenue?
In terms of environmental costs?

How these questions get answered, should drive how an important commercial resource can be be negotiated, via a commercial deal with US backing. It has to be a win-win for the people of Brazil and US manufacturing interests in developing a total renewable /decentralized, labor intensive energy grid.

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