- Largo’s (LGO) clean energy business has signed a memorandum of understanding (MOU) with Ansaldo Green Tech to commercialize Largo’s VCHARGE vanadium redox flow battery
- Ansaldo will form a joint venture with Largo Clean Energy to target the European, African and Middle East markets
- The parties intend to finalize a definitive agreement over the next 150 days
- Largo is one of the world’s preferred vanadium companies
- Largo (LGO) is down by 1.22 per cent trading at $8.87 per share
Largo’s (LGO) clean energy business has signed an MOU with Ansaldo Green Tech (AGT).
AGT and Largo Clean Energy will commercialize Largo’s VCHARGE vanadium redox flow battery, which offers an estimated lifespan of over 20 years well-suited to large-scale applications.
The parties will form a joint venture in Italy to target the European, African and Middle East markets.
They will negotiate exclusively over the next 150 days with the intention of finalizing a definitive agreement.
Largo believes the venture could address pressing needs in the European energy sector.
AGT is a subsidiary of Ansaldo Energia, an Italian renewable energy company focused on power generation with expertise in the joint venture’s target markets.
Largo is one of the world’s preferred vanadium companies through its VPURE and VPURE+ products.
Largo (LGO) is down by 1.22 per cent trading at $8.87 per share as of 9:44 am EST.