Recently, Stryten Energy LLC, a U.S.-based energy storage solutions provider, announced that its holding company, Stryten Critic
al E-Storage LLC and Largo Clean Energy Corp. (LCE), a subsidiary of Largo Inc. have signed an agreement to form a joint venture, Storion Energy LLC, to provide a more price-competitive, high-quality, U.S.-produced vanadium electrolyte through an electrolyte leasing model in order to drive rapid all-vanadium liquid current battery commercialization of all-vanadium liquid flow batteries.
Storion will utilize its proprietary continuous manufacturing process and exclusive patented purification process to deliver high-quality, domestically produced electrolytes to support the U.S. Department of Energy’s goal of providing $0.05/kWh of reliable energy by 2030.
Largo Inc. is one of the largest and highest quality vanadium suppliers in the world and Storion will source high quality vanadium from its sole operating Western Hemisphere vanadium mine and produce the electrolyte domestically in the U.S. Storion will support electrolyte production in the U.S., creating a complete vertical supply chain for utility-scale all-vanadium liquid current battery long term storage solutions.Storion, by virtue of the Largo Physical Vanadium Corp.’s exclusive license to a unique vanadium electrolyte leasing model, Storion can help all-vanadium flow batteries compete effectively with the upfront investment costs of lithium-ion battery energy storage systems.
Currently, in terms of vanadium market prices, the vanadium electrolyte typically accounts for a significant portion of the cost of the overall all-vanadium liquid flow battery energy storage system.Largo Physical Vanadium offers a unique vanadium leasing model that provides investors with a vehicle to invest in physical vanadium assets that are non-degradable and stored in all-vanadium liquid flow batteries. According to the company’s principals, Storion Energy’s competitive pricing model for all-vanadium liquid flow batteries is expected to challenge the dominance of lithium batteries in utility-scale energy storage installations.
All-vanadium flow battery technology can provide long-duration energy storage in excess of four hours to help ensure grid stability and promote increased utilization of renewable energy by U.S. businesses and consumers. With proper maintenance, all-vanadium flow batteries have a lifespan of more than 20 years without losing the storage capacity of their electrolyte. This service life complements that of wind and solar installations. And with unlimited electrolyte recycling, the batteries offer a near-infinite cycle life. These systems are also independently scalable in terms of power and capacity. This scalability has the potential to significantly reduce costs as discharge times increase, making all-vanadium liquid current batteries the first choice for sustainable large-scale energy storage.
Storion Energy intends to break down the barriers for battery manufacturers to enter the U.S. procurement supply chain through competitively priced electrolytes, which are used in all-vanadium liquid current battery long-term energy storage technology, bringing energy resilience and security to the United States. All-vanadium flow battery technology is a safe and reliable option for battery energy storage systems that need to provide energy storage for four hours or more.
