• Company ranked as one of 50 most innovative New York-Based energy-management companies and startups
• Companies were selected based on exceptional performance in innovation, growth, management or societal impact
• StorEn also cited as partner with organization investigate battery storage options and increase the lifetime of redox flow batteries

StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, was recently listed as one of the 50 Most Innovative New York Based Energy Management Companies & Startups by Futurology Inc. (https://ibn.fm/4VXZR). In addition, the company also garnered some attention from the Graphene Council, which called out the company in an article touting a surprise ingredient discovered in the search for improved electricity grid capacity (https://ibn.fm/iJ2wA).

“This article showcases our top picks for the best New York-based Energy Management companies,” reported Futurology when releasing its 50 Most Innovative List. “These startups and companies are taking a variety of approaches to innovating the energy management industry, but are all exceptional companies well worth a follow.” Futurology noted that it had tried to select companies across the size spectrum from cutting-edge startups to established brands. 

The companies were selected based on exceptional performance in innovation, growth, management or societal impact, noted the article, which called out StorEn specifically for its efforts to bring proprietary real innovation to vanadium flow batteries. 

In its article titled “Schulich Researchers Discover Surprise Ingredient for Improved Electricity Grid Capacity,” the Graphene Council noted partners that were helping the organization in its quest to investigate battery storage options and increase the lifetime of redox flow batteries.

“Not only are the researchers excited about the possibilities, but partners have also come forward,” the article noted. “The University of Waterloo and Kitchener-based Evercloak Inc. are working on the technology for coating the membrance with the graphene, while Roberts says his team will test the technology using a small five-kilowatt commercial redox flow battery in a research microgrid that is being built on-campus. The battery is being supplied by U.S. company, StorEn Technologies Inc.”

The article stated that redox flow batteries, which store electrical energy in liquids that are pumped through the battery, are being developed for energy storage on electricity grids for things like managing intermittent renewable-energy generation.

The article quoted Dr. Edward (Ted) Roberts, PhD, who has been investigating battery storage options, with a focus on increasing the lifetime of the batteries. “For electricity grid storage, batteries are flexible and can be implemented anywhere, but they are expensive,” says Roberts. “Key metrics for batteries are the round-trip efficiency, power density, energy density and lifetime.

“Other battery technologies such as lithium-ion don’t have the flexibility of RFBs to increase the amount of energy stored, as more batteries are needed to do that,” Roberts continued. “RFBs offer design flexibility, have a longer lifetime and a lower cost per kilowatt-hour delivered over their lifetime.”

StorEn has developed evolutionary vanadium flow batteries. Incubated at the Clean Energy Business Incubator Program (“CEBIP”) within Stony Brook University in New York, the company is building upon the strengths of vanadium flow batteries to revolutionize the world of residential and industrial energy storage. In part, StorEn’s technology has enhanced the electrical efficiency of the stack and energy density of the electrolyte and module, ultimately reducing costs and improving performance. 

For more information, visit the company’s website at www.StorEn.tech.

NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies are available in the company’s newsroom at https://ibn.fm/StorEn

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