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Synopsis
Largo, a high-quality vanadium and ilmenite products supplier, and Stryten Energy, an energy storage solutions provider, formed Storion Energy, a joint venture focused on providing vanadium redox flow batteries. Financial terms were not disclosed. “The closing of this transaction represents a transformational step for Largo as we advance our investment strategy of integrating into the fast-growing vanadium flow battery market. Storion Energy now provides a direct channel for Largo’s high-quality vanadium products into the long duration energy storage sector, reinforcing our position as a leading and reliable supplier of vanadium,” Francesco D'Alessio, Largo CCO.
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