Vanadium co Largo selects site for 1.4-GWh US battery factory

The clean energy division of Toronto-based vanadium supplier Largo Resources Ltd (TSE:LGO; NASDAQ:LGO) has picked a site for a 1.4-GWh battery production facility in the US state of Massachusetts.

Largo’s main business is the supply of vanadium, which it mines in Brazil. However, in December 2020 it launched a clean energy division to provide long-duration energy storage systems to cater to demand in the renewables sector. Largo expects to certify its VCHARGE± vanadium redox flow battery (VRFB) system under UL1973 and UL9540 requirements shortly.

The company said in a statement on Wednesday that last month it has secured the location for its first stack manufacturing facility and product development centre. The particular site will serve as the global headquarters of Largo Clean Energy, which is expected to account for USD 4.4 million (EUR 3.7m) of spending by Largo in 2021.

In addition, the company has approved a location in New Hampshire for an electrolyte, electrolyte tank and stack container manufacturing centre to produce containerised VRFB systems.

Also on Wednesday, the company announced that Salvatore Minopoli will assume the position of Vice President of Operations of Largo Clean Energy. Minopoli previously acted as Vice President of Highview Power.

(USD 1.0 = EUR 0.831)

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