Latest news with #energy storage
National Post
14 hours ago
- Business
- National Post
Largo Reports Improved Q2 2025 Vanadium Production; Storion Energy to Support 48 MWh Vanadium Flow Battery Deployment in Texas
Article content Article content TORONTO — Largo Inc. (' Largo ' or the ' Company ') (TSX: LGO) (NASDAQ: LGO) today announces quarterly production of 2,256 tonnes of vanadium pentoxide (' V₂O₅ ') equivalent and sales of 1,807 tonnes in Q2 2025, highlighting improved production and ongoing turnaround execution. Article content Daniel Tellechea, Interim CEO of Largo, stated: 'Our second quarter results reflect steady progress under the Company's operational turnaround plan, with improved production volumes, higher recoveries, and enhanced mine access to support future production. While we are encouraged by these developments, we know there is still more work ahead to further reduce costs, improve efficiencies and increase margins across our operations. We remain focused on safely executing our plan to meet our production and sales targets for the year, while also addressing liquidity constraints stemming from lower production in the first quarter by working closely with our suppliers and service providers.' He continued: 'In parallel, Storion Energy's new supply agreement with TerraFlow Energy and electrolyte lease for a 48 MWh vanadium flow battery deployment in Texas represent an important step in advancing Largo's investment strategy in the U.S. energy storage sector. The recently announced supply agreement with TerraFlow is expected to create a meaningful growth opportunity by leveraging Storion's battery stack development and electrolyte production capabilities as well as access to Largo Physical Vanadium's unique electrolyte leasing model, providing an additional pathway for long-term value creation for Largo through its investment in this sector.' Maracás Menchen Mine Operational and Sales Results Q2 2025 Q1 2025 Q2 2024 Total Mined – Dry Basis (tonnes) 4,261,626 3,933,242 3,216,930 Total Waste Moved – Dry Basis (tonnes) 3,775,939 3,486,628 2,648,344 Total Ore Mined (tonnes) 485,687 446,614 568,588 Ore Grade Mined – Effective Grade (%) 2 0.51 0.41 0.69 Concentrate Produced (tonnes) 89,792 53,245 115,075 Grade of Concentrate (%) 2.90 2.86 2.95 Global Recovery (%) 3 84.9 77.8 74.3 V 2 O 5 produced (Flake + Powder) (tonnes) 2,256 1,297 2,689 V 2 O 5 produced (equivalent pounds) 1 4,973,623 2,852,778 5,928,223 Total V 2 O 5 equivalent sold (tonnes) 1,807 2,046 1,841 Produced V 2 O 5 equivalent sold (tonnes) 1,684 1,892 1,713 Purchased V 2 O 5 equivalent sold (tonnes) 123 154 128 Ilmenite concentrate produced (tonnes) 8,149 6,162 8,625 Ilmenite concentrate sold (tonnes) 6,024 8,647 12,261 Q2 2025 Production and Sales Overview V₂O₅ production was 2,256 tonnes in Q2 2025, with monthly output of 481 tonnes in April, 835 tonnes in May, and 940 tonnes in June. The global recovery 3 rate averaged 84.9% for the quarter, increasing steadily from 79.3% in April to 88.0% in June. The Company continued to implement key operational measures under its turnaround plan during Q2 2025. Mine pushback activities and roadway improvements were prioritized to secure access to larger benches on the 190/180 levels, including the development of a new eastern access to the Campbell Pit. These actions are expected to reduce average haul distances and provide independent access to deeper portions of the mine. The Company's mining contractor delivered improved drilling, blasting, load/haul performance, and bench preparation during the quarter, supported by enhanced road and access maintenance. With the wider open bench area now accessible on the 180 level, larger mining fronts and production blasts are enabling increased production and improved grades. Completion of this development work is expected to support consistent access and achievement of future production targets. Total material mined (dry basis) increased by 32% in Q2 2025 to 4.3 million tonnes, compared to 3.2 million tonnes in Q2 2024, and rose 8% from Q1 2025 (3.9 million tonnes). Total ore mined in Q2 2025 was 485,687 dry tonnes, representing a 15% decrease from the 568,588 tonnes mined in Q2 2024 but a 9% increase from the 446,614 tonnes mined in Q1 2025. The effective grade of 0.51% was 26% lower year-over-year but 24% higher than Q1 2025 (0.41%). Total waste moved increased by 43% in Q2 2025 to 3.8 million tonnes, compared to 2.7 million tonnes in Q2 2024, and was 8% higher than the 3.5 million tonnes moved in Q1 2025. V 2 O 5 equivalent sales were 1,807 tonnes in Q2 2025, including 123 tonnes of purchased material, representing a 2% decrease compared to 1,841 tonnes sold in Q2 2024. Ilmenite sales were 6,024 tonnes in Q2 2025 vs.12,261 tonnes in Q2 2024. The year-over-year decrease in sales primarily reflects lower production volumes in Q1 2025, as sales generally align with production from the preceding quarter. Storion Signs Agreement to Supply Vanadium Electrolyte and Stacks for TerraFlow; Secures 48 MWh Flow Battery Electrolyte Lease Storion Energy LLC (' Storion '), a 50:50 joint venture between the Company's subsidiary, Largo Clean Energy Corp., and affiliates of Stryten Energy LLC, has signed a strategic supply agreement with TerraFlow Energy Operating LLC (' TerraFlow ') to advance the adoption of vanadium flow batteries in the United States. The collaboration will leverage Storion's ability to produce high-quality vanadium electrolyte and its expertise in stack design and manufacturing to help scale TerraFlow's skid-based architecture. Together, the companies aim to enhance performance, improve manufacturing efficiency, and deliver safe, scalable storage that meets the demands of modern power grids. Article content As part of this collaboration, Storion has also secured a vanadium electrolyte lease for TerraFlow's 48 MWh Bellville flow battery project in Texas, which, when completed, will be one of the largest flow battery installations in the state. The project will be supported by Largo Physical Vanadium Corp. (' LPV '), in which the Company holds a 65.7% interest and for which Storion acts as safekeeper of LPV's vanadium assets. LPV's unique leasing platform removes the need for customers to purchase vanadium outright, lowering upfront capital costs and making long-duration storage more cost-competitive. LPV expects to the lease to commence in early 2027, when the electrolyte is deployed. Article content The strategic supply agreement with TerraFlow is also expected to support additional flow battery deployments in the future, creating further demand for leased vanadium and strengthening Largo's participation in advancing U.S. energy resilience and the long-duration storage market. Article content Largo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Maracás Menchen Mine in Brazil. As one of the world's largest primary vanadium producers, Largo produces critical materials that empower global industries, including steel, aerospace, defense, chemical, and energy storage sectors. The Company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers. Article content Largo is also strategically invested in the long-duration energy storage sector through its 50% ownership of Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S. Article content Largo's common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol 'LGO'. For more information on the Company, please visit Article content This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and United States securities legislation. Forward‐looking information in this press release includes, but is not limited to, statements with respect to the timing and amount of estimated future production and sales; the future price of commodities; the effect of tariffs on the Company's sales and other business; costs of future activities and operations, including, without limitation, the effect of inflation and exchange rates; the effect of unforeseen equipment maintenance or repairs on production; the ability to produce high purity V2O5 and V2O3 according to customer specifications; the extent of capital and operating expenditures; the ability of the Company to make improvements on its current short-term mine plan; and the impact of global delays and related price increases on the Company's global supply chain and future sales of vanadium products. Article content The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving price of V2O5 and other vanadium products, ilmenite and titanium dioxide pigment; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company's operations at the Maracás Menchen Mine or relating to Largo Clean Energy, specially in respect of the installation and commissioning of the EGPE project; the availability of financing for operations and development; the availability of funding for future capital expenditures; the ability to replace current funding on terms satisfactory to the Company; the ability to mitigate the impact of heavy rainfall; the reliability of production, including, without limitation, access to massive ore, the Company's ability to procure equipment, services and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources and reserves at the Maracás Menchen Mine are within reasonable bounds of accuracy (including with respect to size, grade and recovery and the operational and price assumptions on which such estimates are based); the accuracy of the Company's mine plan at the Maracás Menchen Mine; that the Company's current plans for ilmenite can be achieved; the Company's ability to protect and develop its technology; the Company's ability to maintain its IP; the competitiveness of the Company's product in an evolving market; the Company's ability to attract and retain skilled personnel and directors; the ability of management to execute strategic goals; Article content that the Company will enter into agreements for the sales of vanadium, ilmenite and TiO2 products on favourable terms and for the sale of substantially all of its annual production capacity; and receipt of regulatory and governmental approvals, permits and renewals in a timely manner. Article content Forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved', although not all forward-looking statements include those words or phrases. In addition, any statements that refer to expectations, intentions, projections, guidance, potential or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are not historical facts nor assurances of future performance but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are based on our opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such information is stated, subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on and available on from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Largo's annual and interim MD&A which also apply. Article content Article content Article content Article content Contacts Article content For further information: Article content
Yahoo
21 hours ago
- Business
- Yahoo
China flips switch on cutting-edge energy facility with incredible power: 'It's the start of a new wave'
A new energy storage plant featuring sodium- and lithium-ion batteries has opened in China's Yunnan province. The energy storage station, operated by China Southern Power Grid, is approximately 33,333 square meters in size and features over 150 battery compartments, according to CnEVPost. The station's leader told news agency Xinhua that it has a top response speed that's six times faster than other sodium-ion batteries. It can also store up to 800,000 kilowatt-hours of electricity per day, which is enough to power approximately 270,000 households. PV Magazine explained that the station can serve over 30 wind and solar plants to mitigate the impact of intermittent supply. The article highlighted that the power station can adapt to changing energy access and stabilize delivery. Combined, these benefits make it easier for cities, companies, and everyday people to have an energy source they can rely on. And one they can trust to release less planet-warming pollution than dirty fuels such as coal, oil, and gas. As the U.S. Department of Health and Human Services pointed out, a cleaner environment reduces the likelihood of respiratory and heart conditions. While there are many ways to store energy, sodium-ion batteries are gaining popularity. CnEVPost emphasized that this is because sodium is more abundant, easier to extract, and costs less. Additional reporting from Sodium Battery Hub detailed that this system can adapt to temperature variations and has a longer life cycle than lithium models. Energy storage plays a crucial role in the transition to greener energy sources. As more solar and wind stations emerge, engineers believe that the rapid construction of lithium-sodium battery storage will be critical, per Sodium Battery Hub. Many companies continue to address the need for energy storage plants, like this flywheel facility or this compressed carbon dioxide option. For now, people are excited about this new development in China. Should the U.S. invest more in battery innovations? Absolutely Depends on the project We're investing enough We should invest less Click your choice to see results and speak your mind. On a post on the China Southern Power Grid Facebook page, one commenter said, "Look forward to experiencing more developments in cleaner, and greener energy!" On Threads, Earthly Education shared the news about the energy storage plant, writing, "It's the start of a new wave in clean energy storage, promising faster, greener, and more affordable solutions worldwide." Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
Zawya
a day ago
- Business
- Zawya
Trina Storage demonstrates high efficiency and long-term reliability in verified field results
Trina Storage has released independently verified operational data from a 150MW utility-scale agrivoltaic + storage project, confirming strong real-world performance in both efficiency and long-term reliability. The project, part of a solar + storage hybrid renewable energy installation, has been in continuous operation for over a year. Performance evaluation was conducted by UL Solutions and the China Quality Certification Center (CQC), two globally recognized third-party authorities. Results show the system consistently achieved 95.2% DC-side efficiency and 87.1% system-level round-trip efficiency, placing it among the most efficient large-scale energy storage systems currently in operation. 'We're proud to see our technology delivering real value under field conditions,' said Shawn Deng, Head of Global Product & System Integration at Trina Storage. 'From Cell-to-AC capability to third-party validation, our goal is to build trust through performance. We'll continue working with global partners to test next-generation systems in diverse environments and provide transparent, data-driven benchmarks for the industry.' Fully Integrated, High-Efficiency Design from Cell to Grid The project is powered by Trina Storage's Elementa Series, a smart, flexible energy storage solution built with Trina Storage's proprietary in-house battery cells. Designed for flexibility and scalability, Elementa delivers high efficiency, safety, and long-term reliability by optimizing performance across the entire system—from cell to grid. Key system features include a smart thermal management system, which keeps cell temperature variation within 3°C, and auxiliary power consumption as low as 1.8%. Together, these capabilities reduce energy loss by approximately 30% compared to conventional systems and contribute an estimated 200,000 kWh of additional electricity annually, boosting overall output and returns. Verified Reliability and Strong Economic Performance After more than a year in operation, the system retains 98% of usable capacity, indicating minimal degradation and strong cycle performance. This long-term reliability supports a 15–20% reduction in Levelized Cost of Storage (LCOS) compared to industry averages, enhancing project bankability. With its high efficiency and stable performance, the system enables participation in multiple market applications—including energy arbitrage, frequency regulation, and reserve services — helping operators diversify revenue streams and shorten investment payback periods. Over the course of more than a year, UL Solutions conducted a rigorous evaluation of the Feicheng project based on strict performance standards,' said Chen Chi, product manager in the Energy and Industrial Automation group at UL Solutions. 'The system has consistently shown optimal efficiency and cycle life, and low auxiliary power consumption throughout the monitoring period. These outcomes indicate a solid level of technical integration and reliable performance under real-world conditions.' About Trinasolar (688599. SH) Founded in 1997, Trinasolar Co Ltd (stock symbol: Trinasolar; stock code: 688599) is engaged mainly in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy comprises mainly PV power generation and operations and maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. We are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future. On June 10, 2020, Trinasolar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It was the first PV and energy storage company to go public on the STAR Market providing PV products and systems, as well as smart energy.
BBC News
2 days ago
- General
- BBC News
East Herts council approves battery farm despite noise concerns
Plans to build a battery energy storage system (BESS) the size of two football pitches have been approved by a council despite noise concerns and 350 Herts District Council approved the application from Pelham Power Ltd on Wednesday for the 1.4 hectare (3.4 acres) development on land at Green Farm in Stocking Pelham, Hertfordshire. People living nearby have reported already being affected by noise, known locally as the "Pelham hum", coming from the National Grid's Stocking Pelham Waterson, the head of planning at Cambridge Power, said the area's vicinity to an existing substation meant it was an "ideal location" for this type of development. There have been numerous applications for similar infrastructure in the area in recent years – some approved, some rejected and some pending – including solar farms and another parish councils objected to the plan, including Stocking Pelham Parish Council. Colin Berthoud, from the parish council, said: "Our villages are deeply impacted by developments around the Pelham substation, so my comments reflect the views of the council and, we believe, the majority in our parish."While we support net zero infrastructure, it should be fairly distributed. As a village, we've done our part and now planners should protect us from further developments of this type." Strategic benefit A noise assessment carried out as part of the application suggested noise levels at nearby homes would not "exceed background noise levels" during the daytime after a 3.5m (11.4ft) acoustic fence had been installed. Trees and hedgerows would be added around the perimeter of the development in an effort to mitigate its impact on the landscape, the assessment Yarrow, from campaign group Protect the Pelhams, said existing infrastructure in the area did not "justify further attempts to fundamentally alter the character of the area by introducing more alien infrastructure".Mr Waterson, however, told the council's Development Management Committee the proposal would "effectively be the intersection between the national transmission network and the local transmission network, so it's a very good entry point to the grid".He added: "It takes in excess energy when it is not needed and stores and feeds it back into the grid for when it is needed."Yvonne Estop, a Labour councillor on the authority, said the application was "speculative" and added the authorities new District Plan should include a strategy for energy said: "We understand, clearly, that there is a growing need for this battery storage but the benefits of are not going to be local. The benefits are more strategic, more regional."There's such a lot of development related to energy and this kind of development is becoming, really, the most significant threat to the countryside." Follow Beds, Herts and Bucks news on BBC Sounds, Facebook, Instagram and X.
BBC News
4 days ago
- Business
- BBC News
Heath battery farm plan recommended for approval
Plans to build a battery energy storage system (BESS) close to a West Yorkshire village have been recommended for approval by council planning officers. A report said the scheme for land near Heath in Wakefield was acceptable despite more than 1,200 objections and criticism from councillors and said the development, which would see 72 containers storing lithium ion batteries installed on farmland, could pose a fire risk to residents and harm the local conservation area. However, applicant Harmony Energy said the project would contribute to net zero targets and that there were at least 130 similar sites operating safely in the UK. A spokesperson for the company said no properties within the village of Heath would be able to see the seven-hectare site and that its cultural heritage assessment had been "robust".BESS facilities take in power from renewable energy sources and then release it back to the National Grid when demand is planning application for the site was submitted in 2022 and a council report outlines reasons for the three-year delay in a decision on the scheme, which include changes to national planning policy and the area's Local officers said the site was previously designated green belt but had been reclassified as grey said there was "considered to be no technical reasons to withhold planning permission" and have recommended the scheme be approved at a meeting on 17 July, according to the Local Democracy Reporting Service. A total of 130 comments in support of the proposal have been received by Wakefield a spokesperson for the I Love Heath Common campaign group previously said: "Harmony Energy is showing a blatant disregard for local feeling."There is nothing renewable about a battery storage facility. It is a standalone industrial development."They added: "Its sole purpose is as a business opportunity, and it is certainly not a source of renewable energy."Campaigners said two historical buildings – the Grade II-listed Dame Mary Bolles Water Tower and the Whittling Well – are situated less than 100m from the proposed BESS Yorkshire Fire and Rescue Authority (WYFRA) also previously said the risks were "very real and are becoming more common".But Harmony Energy argued: "Schemes would not be financeable or insurable if they were deemed to be a significant risk."The company lodged an appeal with the Planning Inspectorate following the three-year delay in determining the application.A four-day public inquiry is expected to be held over the matter at a date yet to be confirmed. Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
