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NEWS
Stryten Energy and Largo Launch Long-Duration Energy Storage Company
Stryten Energy and Largo have formed Storion Energy , a new company focused on domestic vanadium redox flow batteries (VRFB) for long-duration energy storage. The venture aims to provide cost-competitive electrolyte production through an Earth to Energy™ model, leveraging Largo's western hemisphere vanadium mine and Stryten's reactor design.
Storion will deliver vanadium electrolyte at less than $0.02 per kilowatt-hour, achieving the U.S. Department of Energy's goal of reducing storage costs to $0.05/kWh ahead of schedule. The company will have exclusive rights to offer LPV-owned vanadium as electrolyte, utilizing a unique leasing model to make VRFB technology more competitive against lithium-based solutions for utility-scale deployments of 10 MWhs and greater.
Storion will deliver vanadium electrolyte at less than $0.02 per kilowatt-hour, achieving the U.S. Department of Energy's goal of reducing storage costs to $0.05/kWh ahead of schedule. The company will have exclusive rights to offer LPV-owned vanadium as electrolyte, utilizing a unique leasing model to make VRFB technology more competitive against lithium-based solutions for utility-scale deployments of 10 MWhs and greater.
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