Storion Energy: The New Safekeeper of Vanadium Units, Anticipating a Surge in Leased Vanadium Electrolyte Demand

TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) —

Largo Physical Vanadium Corp. (“LPV” or the “Company”) (TSX.V: VAND) (OTCQX: VANAF)

is pleased to announce that following the closing of the transaction between Largo Inc.’s (“Largo”) (NASDAQ, TSX: LGO) subsidiary, Largo Clean Energy Corp. (“LCE”) and affiliates of Stryten Energy LLC (“Stryten”), the newly created Storion Energy, LLC (“Storion”) will assume the role of safekeeper for LPV’s held vanadium units previously managed by LCE.

Storion’s assumption of the safekeeper role for LPV’s held vanadium units aligns with the Company’s strategy to expand its presence in the rapidly growing long-duration energy storage (“LDES”) market through its unique offering of leased vanadium required for cost-efficient deployment of vanadium flow batteries.

Vanadium flow batteries are gaining popularity in the market due to their ability to store a large amount of energy and provide it for long durations. This makes them ideal for renewable energy sources such as solar or wind power, where energy generation is intermittent.

Storion Energy’s move to become the safekeeper of vanadium units signals a shift towards more secure and reliable energy storage solutions. By offering leased vanadium for flow batteries, Storion is paving the way for cost-efficient deployment of this technology on a larger scale.

With the global focus on reducing carbon emissions and transitioning to cleaner energy sources, the demand for long-duration energy storage solutions is expected to surge in the coming years. Storion’s strategic position as a safekeeper of vanadium units puts them at the forefront of this burgeoning market.

How will this affect me?

If you are someone who is interested in sustainable energy solutions or looking to invest in innovative technologies, the surge in leased vanadium electrolyte demand could present an exciting opportunity. As more companies like Storion Energy focus on providing cost-efficient energy storage options, consumers and businesses alike could benefit from a more reliable and sustainable energy grid.

How will this affect the world?

The shift towards long-duration energy storage solutions such as vanadium flow batteries has the potential to revolutionize the global energy landscape. By enabling the efficient storage and distribution of renewable energy, technologies like those offered by Storion Energy could play a crucial role in accelerating the transition to a more sustainable future. This shift has the potential to reduce reliance on fossil fuels, decrease carbon emissions, and create a more resilient and efficient energy infrastructure worldwide.

Conclusion

Storion Energy’s emergence as the safekeeper of vanadium units and the anticipated surge in leased vanadium electrolyte demand mark a significant step towards a more sustainable and resilient energy ecosystem. As the world looks towards cleaner energy solutions, companies like Storion are driving innovation and paving the way for a greener future.