Accelerator selected the maker of an organic flow battery among a group of “startups with the potential to dramatically alter the future global energy landscape”.
Australia’s government-owned green bank, the Clean Energy Finance Corporation (CEFC), has pledged AU$300 million (US$192 million) of existing funding towards “building investor confidence in renewable hydrogen”.
24M, spun out of an MIT laboratory, claims its latest semi-solid battery ‘breakthrough’, Dual Electrolyte technology, heralds a new era to come for advanced lithium batteries. Andy Colthorpe spoke to some of the company’s leadership team to find out more.
24M, a start-up angling to disrupt the already-disruptive lithium-ion battery industry with the design and production of semi-solid lithium cells, has raised US$21.8 million in a Series D funding round.
Energy Vault, a Swiss maker of energy storage systems based around gravity, has made its technology commercially available, with India’s Tata Power expected to be the first customer.
First developed by NASA, flow batteries are a potential answer to storing solar – and wind – for eight to 10 hours, far beyond what is commonly achieved today with lithium-ion. In the second of a two-part special report, Andy Colthorpe dives deeper into questions of bankability, market segmentation and manufacturing strategies with four very different providers of flow energy storage technology.
It’s been predicted for some time that the redox flow energy storage space will, after some turmoil and rapid consolidation, find success in providing energy storage at durations of more than four hours. This past couple of weeks have been a tale of both turmoil and success.
Flow battery manufacturer VIZn Energy has confirmed that nearly all its employees have been “furloughed” amid financial difficulties, but denied that the company has exited the business altogether.
Primus Power is among a handful of makers currently commercialising their flow batteries, with rivals that include RedT, VIZn Energy and Redflow. Early customers have included Microsoft, which installed a Primus battery at its corporate HQ in a pilot project. Andy Colthorpe spoke with Primus Power CEO Tom Stepien to learn more.