Vanadium Flow Battery Manufacturer StorEnTech Has New Shareholder
Vanadium Flow Battery Manufacturer Has New Shareholder
Stony Brook, NY (PRUnderground) August 25th, 2021
StorEn Technologies Inc., a Client of the Clean Energy Business Incubator Program (CEBIP) at Stony Brook University, is pleased to announce that Accelerate New York Seed Fund (ANYSEED) is now a shareholder in their company. StorEn answers the call for long-lasting, 100% recyclable, safe and affordable energy storage by developing evolutionary vanadium flow batteries. Their disruptive patent-pending all-vanadium flow battery technology for energy storage delivers the lowest cost per cycle in the world, up to eight times lower than lithium-ion batteries.
“In March of 2019, ANYSEED invested in StorEn and its team,” commented Noel Goddard, Principal for the Accelerate NY Seed Fund. “StorEn has key innovations to transform the technology from grid scale applications into compact residential and small-industrial scale storage solutions. Vanadium redox offers a number of significant advantages over its lithium counterparts. StorEn can now manufacture their batteries, and they have a unit in an active pilot.
Goddard continued, “We are delighted to witness their impressive progress in bringing manufacturing and a pilot installation online, despite the pandemic. The Accelerate NY Seed Fund has become a proud shareholder upon the recent conversion of the investment.”
With the help of StorEn’s shareholders like ANYSEED, the StorEn team are making the company a success. With momentum continuing to build in the vanadium flow battery space, keep a close eye for more news from StorEn.
For more information be sure to visit https://www.storen.tech.
About StorEn Tech
StorEn Technologies aims to combat climate change and close the gap in the transition toward renewable, efficient energy with patent-pending, innovative, cost-effective energy storage.