Largo Resources Picks Site for 1.4 GWh Battery Plant

Toronto based vanadium battery maker, Largo Resources Ltd. has announced the development of its clean energy divisions by securing the plant site for its 1.4 GWh battery manufacturing facility and product development center in Massachusetts, U.S.

Largo Clean Energy has been looking to expand the capacity of its VCHARGE± vanadium redox flow battery (VRFB) systems. Electrolyte, electrolyte tank, and stack container will be manufactured at the new plant sites.

Energy industry executives will focus on driving the development of its clean energy division, including the commercialization and strategic deployment of its VCHARGE± system. The Company finalized the manufacturing strategy for its clean energy division and began to establish the supply chain required to deliver on its targeted deployment timelines and cost structure during Q1 2021.

The finalized location of the 1.4 GWh plant in Massachusetts, U.S. will be the global headquarters of the company’s clean energy division. The Company also approved a location in New 1 Hampshire, U.S. for its clean energy division’s electrolyte production and manufacturing of containerized VRFB systems.

“We continued to make considerable progress in advancing our clean energy division with the view of becoming a leading player in the long-duration energy storage sector with our superior VRFB technology. I am pleased to report that the Company secured its U.S. based stack manufacturing facility and product development center, which is expected to have an annual manufacturing capacity of 1.4 GWh, expressed Paulo Misk, President and CEO of Largo.

Paulo further added, “We are planning Largo’s Battery Day to highlight our development strategy, showcase the VCHARGE± system technological differentiation and detail the Company’s sizable growth opportunity in the long-duration energy sector as we position ourselves toward a sustainable future. We will provide a date for this event soon.”

Along with the new plant development announcements, the company also announced that Mr. Salvatore Minopoli has been appointed as Vice President of Operations of Largo Clean Energy with overall responsibility for commercial development and implementation of the strategic business growth plan.

Mr. Minopoli brings over 30 years of U.S. energy industry experience to the Largo executive team, including extensive development and execution of utility-scale projects in both regulated and merchant energy markets in the U.S. and internationally.

Largo Resources is an industry-preferred, vertically integrated vanadium company. It sustains multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through its world-class VCHARGE± vanadium redox ow battery technology.