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/