Canada-headquartered vanadium supplier Largo subsidiary Largo Clean Energy has signed a memorandum of understanding (MoU) with renewable energy company Ansaldo Green Tech (AGT) to assess opportunities for working together on manufacturing and deploying vanadium redox flow batteries (VRFBs).

The companies may form a joint venture (JV) to commercially deploy Largo’s “VCHARGE” VRFBs in the European, African and Middle Eastern power generation markets.