StorEn Technologies, Inc. offering is now closed and is no longer accepting investments.

INVEST IN STOREN TECHNOLOGIES, INC. TODAY!

Renewable Energy Storage

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.

This Reg A+ offering is made available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
StorEn Technologies, Inc.

$8,245,969.48 Raised

Offering Circular | Risks Related to this Offering | SEC EDGAR Filings







Reasons to Invest

  • Raised $ 1.7M+ from over 2,400 investors on StartEngine along with Venture Capital from ANYSEED Fund
  • 4 patents extended internationally in the PCT National Phase securing our innovative IP in all major regions and countries in the world 
  • Secured first order for $500k from Australia, and the first battery was delivered to Brisbane in Q1 2020 with additional units being manufactured



The future of solar storage is here!


Overview


Bringing battery storage into the 21st century

Incubated at the Clean Energy Business Incubator Program (CEBIP) within Stony Brook University in New York, StorEn delivers proprietary vanadium flow batteries to revolutionize the world of residential and industrial energy storage. 


This technology brings superior performance at a lower cost, providing more efficient, safe, environmentally friendly and cost-effective energy storage. StorEn takes what vanadium batteries already deliver - durability and sturdiness - and through extensive R&D has enhanced the electrical efficiency of the stack and the energy density of the electrolyte and module, ultimately reducing costs. Our research has led to four international PCT patents and five trademarks to date. 


With a battery life of 25 years and more than 15K cycles, our batteries satisfy market demand for efficient, durable and cost-effective energy storage, enabling self-consumption of self-produced electricity and the transition toward a carbon-free economy.



The Problem


Other batteries just don't get the job done



Unlike Lithium and Lead Acid Batteries, StorEn Vanadium flow batteries are:


  • Eco-Friendly: 100% recyclable, 100% reusable electrolyte, low GHGs emissions, non-pollutant, and reduce mining!
  • Safe: Non-flammable, non-explosive

  • Cost Effective: Cost/kWh comparable to lithium batteries but Cost/Cycle up to four times lower than lithium batteries, thanks to the exceptional duration of 25 years or 15,000K cycles

  • Efficient: +35% in energy storage with the same volume, +5% Round-Trip efficiency in harsh climate thanks to our proprietary THERMASTABLE™ geothermal design, and virtually maintenance–free thanks to our proprietary RESAFE™ and EQUILEVELS™ technologies


Case Study : StorEn vs. Tesla



StorEn's Vanadium Flow Batteries

Tesla's Lithium Powerwall™ Battery


Battery Duration: 25 years or 15,000 cycles at 100% capacity

Capacity loss: None

Energy: 20 or 30kWh

Recyclability: 100% reusable 


Battery Duration: warranted for 10 years @ 70% of capacity

Capacity loss: 30%

Energy: 13.5kWh

Recyclability: Low (only ~3-5% of materials)


Source: KUNR, IEEE.org


The Solution


A greener solution that outperforms the competition

A StorEn battery module will work in synergy with the solar system. During the day, your solar panels will capture energy from the sun. This energy then charges the battery while simultaneously powering a home or office. Then, as day turns to night, the battery takes over, providing green energy consistently, and maximizing your solar system dependability.

 

In addition to its solar storage capabilities, the StorEn battery, in locations with dual rates, can store power from the grid at night when electricity prices are low. By using battery power during peak electricity times, clients can lower their utility bills. Our customers can safeguard the environment while saving money! Additionally, in the event of an emergency, the StorEn battery guarantees continuity to your home and vital devices such as telecommunication, lighting, refrigeration, and heating and ventilation systems. Finally, StorEn delivers additional resilience in case of a natural disaster.



Our batteries are modular. Our residential battery can be configured in either 20kWh or 30kWh versions sharing the same Power Module. Our customers will only pay for the energy capacity they really need! Additional modules can be connected together for maximum flexibility!

The Market


The solar market is booming!

The trend for wind energy in the US is as bullish as residential solar. According to the American Wind Energy Association (AWEA), the American coast line could house 2,000 gigawatts of off-shore wind, or nearly twice the nation’s current electricity demand. For long duration storage applications in excess of 2 hours, such as offshore wind, lithium batteries are not cost effective. Vanadium flow batteries are the ideal choice!

Our Traction


Not just an idea, we are already building the solution

  • Received first order of $500,000 from Multicom
  • First Battery already delivered  to Australia  in January 2020 
  • 4 Patents at the PCT National Phase securing our innovative IP Internationally
  • Technology Independently Validated by the New York State Pollution Prevention Institute
  • Over $2M Invested in R&D to date 
  • Over $1.7M invested from  2,400+ investors
  • Founding Team's 3rd energy start-up 


Winner of numerous Technology and Innovation awards 


With the partners who can make it happen


And exclusive rights to high-end supply-chain partner

StorEn has entered into a supply chain deal with Multicom Resources, an Australian mining company which is the owner of two vanadium mines. Through this exciting arrangement, StorEn has secured the exclusive availability of vanadium for up to 20 years with either a price cap or at market price, whichever is the lowest.



Capitalizing on the governments’ support to fulfil the Australian energy storage opportunity, Multicom’s subsidiary, Freedom Energy, will assemble StorEn batteries within Australia and distribute them widely across the wider Asia Pacific region. In addition to an initial pilot plant, Multicom has completed a concept design for a full-scale manufacturing facility for StorEn batteries.

What We Do


Bringing power to the home



Our home batteries charge using electricity generated from solar panels. When the sun goes down, our batteries use the solar energy accumulated throughout the day to power the home through the evening and night. Home batteries also recharge when electricity rate are low, and use that energy later, when rates are higher. Our home battery will be cost-effective, easy to install and use and environmentally-friendly, offering households an energy addition to a solar system and the utility grid.

StorEn is a member and supports the mission of advancing zero-energy green buildings and LEED.


Beyond residential storage

To capitalize on the offshore wind opportunity and other grid-scale applications, we conceived TITANstack™, the world’s largest Stack!



A Solution for Developing Economies

Over a billion people still do not have access to electricity. Living without electricity has a major impact on daily activities such as cooking and food preservation as well as key development indicators such as access to health, access to education and economic development. The electrification of these unserved communities can become a reality with mini grids, using solar plus energy storage. StorEn’s vanadium flow batteries can be a key technology towards universal access to affordable, longer-lasting and dependable energy.

To support this critical mission, Storen Technologies is proud to be a member of the Alliance for Rural Electrification and the Global Off-Grid Lighting Association.

The Business Model


Tax credits make residential storage even more appealing

In March 2018, the Internal Revenue Service (IRS) determined that residential energy storage batteries are eligible for up to 26% Federal Investment Tax Credit when charged from an onsite solar system. The value of the credit depends on the percentage of electricity coming from the sun. If the battery is charged by solar panels 90% of the time, then the battery is eligible for 90% of the 26% ITC, or a 23.4% credit.

In addition to the federal Investment Tax Credit, additional State credits may reduce the cost of an energy storage system. Although energy storage is a relatively young industry, a growing number of states and municipalities will support the installations of solar-powered batteries to accelerate the transition to renewables and the reduction of GHG emissions. Maryland established a solar battery tax credit worth 30% of the total installed system cost, up to $5,000 for residential systems and up to $75,000 for commercial systems. While in California, a cash rebate is available through the Self-Generation Incentive Program (SGIP).



OUR LEADERSHIP


A passionate team, with the experience to back it up

The StorEn’s team is made up of experienced engineers, entrepreneurs and scientists. Each individual on our team is dedicated to our mission of developing innovative, efficient, resilient and cost-effective energy storage.


Entrepreneurship

The Team is at their third energy start-up, with two successful exits to publicly listed corporations.


Creativity and Innovation

Patents in Fuel Cells, cogeneration, and energy storage.


A Shared History

Our Tech Team worked together for over 20 years. Our team is focused on launching a successful business, while simultaneously making the world a cleaner and better place for future generations.

Why Invest


A Note from StorEn's Co-Founder

To Our Prospective Investors,


It is an exciting time at StorEn! Last year, we completed our second successful Regulation Crowdfunding campaign on StartEngine, raising the maximum of $1,07M from hundreds of investors that share our passion for technology and the environment and are willing to contribute to higher causes. 

The funds raised allowed us to hit several additional milestones,  advancing our development!  Therefore, I would first like to thank our community for the additional support and those who invested in StorEn in our first campaign in 2018. 


Following the successful independent validation of our prototype installed at the Advanced Energy Center at Stony Brook University in 2019  performed by the the New York State Pollution Prevention Institute (NYSP2I) in Rochester in NYS, we commenced our manufacturing phase. In January 2020, we delivered our first battery to Australia. The first one of an order worth up to $500,000. 


In 2020, following an Award from the Empire State Development's Division of Science, Technology and Innovation (NYSTAR), we started an R&D program with Cornell University on innovative components. This work, in addition to the ongoing NYSERDA-funded R&D program with Rensselaer Polytechnic Institute and University of Illinois in Chicago, allows us to explore technological improvements that will be the foundation of our future generations of our batteries.

 

With the funds raised, we also entered the National Phase of the PCT (WIPO in Geneva, Switzerland) process. Thus, we selectively and successfully extended our four patents in several regions and countries, including the USA, European Union, South Africa, Brazil, Israel, Japan, India, China, Australia, Korea, Indonesia and many others, covering approximately 90% of the world population.


We are now asking our community and those who would like to join us, to support us in the next phase of our journey, our Reg A+ offering. 


Please help us build a successful business while sharing a superior cause: the love for our planet! Strong with the belief that our vanadium batteries can enable the transition to  electricity generated from renewable sources, like the sun and the wind, we  envision that one day our batteries will power your home coupled to solar panels in an environmentally-friendly, safe and cost effective manner .  


In addition to this goal, we rest assured that our batteries in conjunction with solar panels can the ideal technical solution to bring electrification to off-grid communities, such as the ones in developing countries, to eradicate poverty and to promote economic development! 

Together we can make StorEn a success while accomplishing our incredible missions. 

Help us to do well while doing good! Support StorEn! 


Sincerely yours,


Carlo Brovero

Co-Founder and CEO

StorEn Technologies Inc.


AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.


THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.


THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Quick Insert

ABOUT

HEADQUARTERS
25 Health Sciences Drive
Stony Brook, NY 11790

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.

TEAM

John Davis
John Davis
CEO, Board Member

John has over 28 years executive level experience in sales and business development heavily focused on emerging technology solutions for the telecommunications and utilities industries. Most recently, John held the position of Director of Business Development for XNRGI, Inc, an early stage lithium battery developer building an innovative solid state lithium battery technology. Over the course of the last 20 years, John has worked with a number of flow battery and fuel cell developers including, ZincNyx, RedFlow LTD, Deeya Energy, VRB Power, ReliON Fuel Cells and Metallic Power. During his time at VRB, one of the first vanadium flow battery companies, John oversaw the sales and delivery of the first flow battery installed at a telecom site. John was also instrumental in the standardization of hydrogen fuel cells used as stationary backup power at many telecom sites in the US and the Caribbean. In the mid 1990’s, John held the position of Sr. Director, European Sales with Tekelec Inc. managing an extensive distribution network in 15 countries. John has a strong engineering background with a B.S. in Electrical and Computer Engineering from Clemson University.

Angelo D'Anzi
Angelo D'Anzi
Founder, CTO, & Director

Angelo was the CEO and CTO of Arcotronics Fuel Cells, a division of Arcotronics Nissei now Kemet (NYSE: KEM), subsequently acquired by Morphic AB, a group of companies listed on the Stockholm Stock Exchange, Angelo was retained by Morphic Fuel Cells as CEO. In 2013, Angelo founded Proxhima, a vanadium flow battery company, sold to the Gala Group in 2015 (a utility listed on the Milan Stock Exchange). In 2017, Angelo co-founded StorEn Technologies. Angelo holds 14 WIPO patents in VFBs, Fuel Cells and cogeneration. He received the 2003 Sapio Award in the Energy and Transportation category with a paper titled “Technological Transfer between Research Institutions and Private Companies in the Polymer Electrolyte Fuel Cell Technology". Angelo holds a MBA degree from the LUISS Business School in Rome.

Avatar Image

Gabriele Colombo

Gabriele Colombo

Secretary

Gabriele holds a Honors Degree in Computer Engineering (University of Pisa) and a II Level Master Degree in Business Leadership (University of Genova). Gabriele is the CEO of Leonardo Hispania SAU in Valencia (Spain), a subsidiary of Leonardo Aerospace S.p.A. In 2013, Gabriele was one of the founder, with Angelo, of Proxhima (a vanadium flow battery company).

Jean-Marc Manning

Jean-Marc Manning

Advisors to the Board - Finance

Jean-Marc is a co-founder of Multicom Resources Limited and Freedom Energy Pty Ltd. A multi-lingual international finance professional, he has held various managerial and audit positions with the HSBC group and BNP Paribas across India, Indonesia, Hong Kong, China & Australia. Since returning to Australia, Jean-Marc has co-founded and seed funded a number of successful business ventures and holds a number of directorships. On behalf of Freedom Energy Pty Ltd, he is actively working with StorEn Technologies to identify advanced deployment and financing opportunities across Australia and the Pacific region.

Nathan Cammerman

Nathan Cammerman

Advisors to the Board – International Business Development

Nathan, a co-founder and Executive Director of Multicom Resources Limited, has over 20 years’ experience in the hands-on delivery of infrastructure, mining and energy projects. A geologist by initial training, but later qualified in international business, his senior executive and board experience includes project generation and acquisition, financing, permitting and government relations. Nathan, a co-director of Freedom Energy Ltd has a well-developed network across the Asia Pacific, and is at the forefront of propagating a future battery industry in this region. He has recently been appointed on the Research Advisory and Implementation Council to a US$100 million industry-backed Future Battery Industries co-operative research hub supported by the Australian Government.

Dr. Philip Palmedo

Dr. Philip Palmedo

Advisor

Dr. Palmedo had careers in physics, entrepreneurship and management. He received his Ph.D. degrees from MIT. His work as a physicist was carried out at the French nuclear laboratory at Saclay, and at Brookhaven National Laboratory. Dr. Palmedo designed and was the first President of the Long Island Research Institute formed by Brookhaven National Laboratory, Cold Spring Harbor Laboratory, and Stony Brook University to facilitate the commercialization of technologies. He currently serves on the board of the Simons Center for Geometry and Physics as well as the Advisory Board of the Clean Energy Business Incubator Program (CEBIP) at Stony Brook University (StorEn is a CEBIP Client), and is an advisor to several early-stage private companies.

Dr. Alan Rae

Dr. Alan Rae

Scientific Advisor

Dr. Rae has worked in electronics, ceramics, nanotechnology and “clean tech” for over 30 years in the USA and UK, and is an Executive Director of IncubatorWorks . He is a founder member of the Graphene Stakeholders’ Association and an Entrepreneur in Residence with NYSERDA, and is on the advisory committees for NYSIVC, the Center for High Rate Nanomanufacturing, the NYS Center of Excellence in Materials Informatics in Buffalo NY and chairs the Advisory Board for the Center for Advanced Ceramic Technology at Alfred University.

Prof. Yong L. Joo

Prof. Yong L. Joo

Scientific Advisor

Professor Yong L. Joo, is the BP Amoco/H. Laurance Professor in the Smith School of Chemical & Biomolecular Engineering and Associate Dean of Masters of Engineering Programs in the College of Engineering at Cornell University. He is currently working on low cost, high throughput manufacturing of energy storage materials. Professor Joo received his B.S. degree at Seoul National University in Korea and received his M.S. and Ph.D. in Chemical Engineering at Stanford University. Prior to joining Cornell in 2001, Professor Joo completed two years of postdoctoral research in the Department of Chemical Engineering at MIT. Professor Joo received a 3M Faculty Award and is also a recipient of a National Science Foundation CAREER Award and a DuPont Young Professor Award. Professor Joo is a fellow of American Institute of Chemical Engineers (AIChE).

Robert C. Pfahl, Ph.D

Robert C. Pfahl, Ph.D

Advisor Manufacturing

Dr. Pfahl is a Director of the Integrated Photonic Systems Roadmap (IPSR). He was Senior Consultant and Vice President of Global Operations for the International Electronics Manufacturing Initiative (iNEMI) from 2003 to 2018. Previously Dr. Pfahl was Director at Motorola Labs, where he established and led Motorola R&D labs in China, Brazil, and Germany. Prior to Motorola, he was with Bell Labs/Western Electric in a number of research and manufacturing positions. He holds nine U.S. patents and has contributed more than 110 publications. Dr. Pfahl has served on industrial advisory boards in manufacturing at MIT, Northwestern, Washington University, Georgia Tech and Purdue. He received his B.M.E. with Distinction, M.S., and Ph.D. in mechanical engineering from Cornell University.

Joel M. Rinebold

Joel M. Rinebold

Scientific Advisor

Joel M. Rinebold, is Director of Energy at the Connecticut Center for Advanced Technology (CCAT) with a focus on energy and infrastructure planning, and the development of renewable and advanced energy technology. Mr. Rinebold was instrumental in establishing and administers the Connecticut Hydrogen Fuel Cell Coalition and Chairs the Northeast Electrochemical Energy Storage Cluster. Direct activities include administration of the State of CT Office of Energy Efficient Businesses, US DOE supported Northeast Technical Exchange Center, State of CT Hydrogen Economy Program and the US DOE supported H2USA Roadmap planning. Dr. Rinebold has an undergraduate degree in Urban Planning and Geology, graduate degree in Environmental Planning, and is currently enrolled in the Ph.D. program for Materials Science at the University of Connecticut.

Avatar Image

TERMS

StorEn Technologies, Inc.
Overview
PRICE PER SHARE
$6
DEADLINE
Dec 31, 2021
VALUATION
$40.37M
AMOUNT RAISED
$8,245,969.48
Breakdown
MIN INVESTMENT
$480
MAX INVESTMENT
$1,999,998
MIN NUMBER OF SHARES OFFERED
80
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
2,070,000

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

StorEn Technologies, Inc.

Corporate Address

:

25 Health Sciences Drive, Stony Brook, NY 11790

Offering Minimum

:

$480.00

Offering Maximum

:

$12,420,000.00

Minimum Investment Amount

(per investor)

:

$480.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

80

Maximum Number of Shares Offered

:

2,070,000

Price per Share

:

$6.00

Pre-Money Valuation

:

$40,369,998.00











PRESS

Article Image
Flood of announcements from flow battery makers

Also in the past few days, a US energy storage start-up, StorEn, which is developing vanadium flow energy storage systems, announced it had brokered a supply chain deal with an Australian mining company, Multicom Resources.

Article Image
Alexander update on vanadium R&D project

Multicom had entered into a binding agreement with New York-based technology developer StorEn Technologies Inc to form a vertically integrated supply chain model for the low-cost manufacturing, sale and distribution of StorEn proprietary vanadium flow batteries.

Article Image
Vanadium Flow Batteries for Cost-Effective Energy Storage: An Interview with Angelo D’Anzi, CTO of StorEn Technologies

StorEn Technology* is developing a new generation of vanadium flow batteries to meet the growing market demand for cost-effective energy storage.

Article Image
CEBIP Battery Barons Inch Toward 76West Title

A Stony Brook battery business with European roots has made the cut in a state clean-energy contest.

Article Image
How Queensland Can Supercharge the Future of Batteries

ALL UPDATES

05.24.22

StorEn Tech update

Hello,

I'm John Davis, CEO of StorEn Technologies.

I want to take a moment of your time to introduce myself, give you some insight into our progress, and share our exciting plans to grow our company.

First, let me explain the events of the last few weeks. On April 20th our co-founder and CEO Carlo Brovero passed away unexpectedly after a brief illness. This was a shock to all of us at StorEn Tech and our thoughts continue to go out to his family and friends. Carlo was passionate about StorEn Technologies and he motivated us every day to push as hard as possible to meet our aggressive goals.

On April 26th, I was appointed the CEO of StorEn Technologies by the Board of Directors. It is an honor to begin my journey, and we will continue to keep Carlo’s vision of building a progressive and world-class energy storage technology company. In the next few months, we will be in a transition period that includes hiring new employees, closing new business opportunities, moving into a new facility, and transitioning from the prototype stage with our systems to installing the first field deployments.

I can assure you that our plan is aggressive and will require bringing on many new and talented individuals to accomplish these goals. We have begun the process of adding senior engineers and scientists to our team and I will be sharing more information about our new employees as they’re hired. We are well-positioned to grow StorEn Technologies into a global supplier of vanadium flow batteries.

Our timing is excellent, considering the global energy situation, and our expansion plans will require additional capital. We will be launching our next round of fundraising on Start Engine and we encourage you to continue to participate in these fundraising events.

With all that said, I want to personally thank you for your support. I look forward to sharing more about our progress in the coming weeks.


Best regards,

John Davis 

04.27.22

StorEn Tech Announces the Passing of CEO Carlo Brovero

On April 20, 2022, our team experienced a tragic loss when Carlo Brovero passed away after an unexpectedly severe complication from a recent illness. The entire StorEn family mourns this loss. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to Carlo’s family. Carlo was a larger-than-life figure who brought his remarkable passion, experience and energy to the Clean Energy industry.

Angelo D’Anzi, Co-Founder and CTO of StorEn, issued the following statement on behalf of the company:

“With the passing of Carlo Brovero, StorEn has suffered a major loss. Notwithstanding that loss, the Board of Directors has appointed John Davis as CEO. For the past year, John has worked as Director of Business Development for StorEn and supported Carlo in the day to day activities of the company. John has over 35 years experience working in technology business development and has worked for over 20 years in the energy storage industry. We are confident that John will follow through with Carlo’s vision and the progress he has made. We will continue to consider how best to maximize StorEn’s performance over the long term.”

12.28.21

StorEn in the News - Two Days Left to Invest!

StorEn was recently listed as one of the 50 Most Innovative New York Based Energy Management Companies & Startups in

Futurology and StorEn's battery was also mentioned in The Graphene Council

Only two days are left to invest in our campaign. Invest today! 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. Link to Supplement

12.20.21

Professor Ted Roberts and the University of Calgary chose StorEn - Our offer closes on December 30th, 2021


“University of Calgary researchers have found that one small change can make a big difference – particularly when it comes to electricity grid storage capacity.

 

Dr. Edward (Ted) Roberts, PhD, has been investigating battery storage options and was looking to increase the lifetime of a special kind of battery: a redox flow battery.

 

The Schulich School of Engineering professor and associate head (research) in the Department of Chemical and Petroleum Engineering hoped to modify the battery membrane with graphene, which is a unique carbon material measuring only one atom”. 

 

We are proud the Professor Roberts chose a battery sold by StorEn for his research. 

 

Please vision the full article: https://www.thegraphenecouncil.org/blogpost/1501180/385204/Schulich-researchers-discover-surprise-ingredient-for-improved-electricity-grid-capacity

 

Our offer closes on December 30th, 2021 so submit any final investments, tell your friends, promptly!


With the help of all our shareholders, we are striving to make StorEn a success!

 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. 


12.17.21

StorEn’s Offering is Closing Soon - Invest Before 12/30

We’ve just filed a supplement with the SEC officially announcing the closing date of our current Reg A+ offering. Don’t miss the opportunity to become an investor in StorEn!


Over 5,300 investors have joined StorEn in answering the call for long-lasting, 100% recyclable, safe and affordable energy storage. 


With the help of all our shareholders, we continue to strive to make StorEn a success! 


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. 

In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. Link to Supplement 

12.13.21

StorEn’s Offering is Closing Soon - Invest Before 12/30!

We’ve just filed a supplement with the SEC officially announcing the closing date of our current Reg A+ offering. Don’t miss the opportunity to become an investor in StorEn!


Over 5,300 investors have joined StorEn in answering the call for long-lasting, 100% recyclable, safe and affordable energy storage. 

With the help of all our shareholders, we continue to strive to make StorEn a success! 


You should read the Offering Circular (link) and Risks (link) related to this offering before investing. This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA (link)/SIPC (link).  This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

10.29.21

StorEn receives NY State grant for an Invest-NY program with the Cornell Center for Materials Research (CCMR)

StorEn Technologies Inc., a Client of the Clean Energy Business Incubator Program (CEBIP) at Stony Brook University, is pleased to announce that it has entered into an Invest-NY R&D project with the Cornell Center for Materials Research (CCMR). The project will allow StorEn to work with Yong Joo, Professor of Chemical and Biomolecular Engineering, on the development of a novel technology leading to scale-up and manufacturing. The Invest-NY program provides industry with a fast, flexible, and cost-effective way to work with Cornell faculty members. The program provides up to 25% matching funds to NYS businesses.

This CCMR project will produce innovative components for StorEn, namely membranes and electrodes with a proprietary coating and surface treatment. This project has the potential to deliver superior electrical performance and durability of StorEn's flow batteries.

Funding for this program is made possible through a matching grant from Empire State Development’s Division of Science, Technology and Innovation (NYSTAR), supporting collaborative industry/academic partnerships to foster integrated approaches for developing and commercializing innovative technologies. NYSTAR serves as a resource for small and startup technology companies. For more information, please visit www.esd.ny.gov/nystar/

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. 

09.22.21

Shay Chalmers updates on the StorEn manufacturing plant in Australia


Shay Chalmers is a keynote speaker and engineering management professional with years of global experience in the manufacturing environment. She holds a Bachelor’s and Master’s Degree in Engineering Management, and has held leadership roles in a steel mill in the USA, and with Cook Medical in production, process engineering and project management. 

 

Shay has been working with StorEn’s Australian partner Multicom Resources and a global team on the completion of a feasibility study for the construction of a StorEn manufacturing plant in Australia and the establishment of local manufacturing supply chains for the innovative vanadium batteries designed by StorEn.

 

Shay commented on the reason behind their decision to convert “We have entered a new era for Australia’s developing battery storage industry, thanks to an exciting collaboration and project I’m involved in. Led by Future Battery Industries CRC, with QUT, research partners, state and federal government, the project allows researchers to test and develop safety standards for vanadium flow batteries. This is being conducted at Freedom’s Vanadium Flow Battery Pilot Manufacturing plant (the National Battery Testing Centre)”. The 30kWhr battery was provided by Multicom Resources Limited in partnership with StorEn Technologies, the manufacturer.

 

Shay continued, “A switch to vanadium batteries and other renewables could save the Australian industry over $1.6 billion a year … we are excited to see the opportunities this project will bring to our local manufacturing community. Cutting-edge technology developments such as this highlight the benefits of university and industry collaboration. We can leverage this opportunity to create strong local supply chains through the manufacture of future energy components. With the strong government support, now is the time to collaborate and get these types of projects across the line”.

 

Please vision the full article: https://www.aumanufacturing.com.au/vanadium-flow-battery-pilot-opens-doors-for-manufacturers-by-shay-chalmers

 

With the help of all our shareholders, we are striving to make StorEn a success!

 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. 


08.27.21

Noel Goddard of Accelerate New York Seed Fund comments on becoming a Shareholder of StorEn


Over three years ago, in March of 2019, we raised funds from ANYSEED and issued them a Convertible Note after receiving the financing.  In June 2021, ANYSEED converted their Note into equity and became a shareholder in StorEn! 

 

Noel Goddard, Principal for the Accelerate NY Seed Fund commented on the reason behind their decision to convert “In March of 2019, ANYSEED invested in StorEn and its team. 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.”

 

Please vision our press release: https://www.prunderground.com/vanadium-flow-battery-manufacturer-storentech-has-new-shareholder/00240695/

 

With the help of all our shareholders, like ANYSEED, we are striving to make StorEn a success!

 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. 

08.05.21

StorEn’s Battery Featured in the STAP’s “Technology Critical Elements …” Report for the GEF-UNEP

The Scientific and Technical Advisory Panel (STAP) is an independent group of scientists that advises the Global Environment Facility (GEF). The GEF “was established on the eve of the 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems. Since then, the GEF has provided close to $20.5 billion in grants and mobilized an additional $112 billion in co-financing for more than 4,800 projects in 170 countries. Through its Small Grants Programme, the GEF has provided support to nearly 24,000 civil society and community initiatives in 133 countries”.

The United Nations Environment Programme (UNEP) and GEF have been cooperating since 1992 to counteract the planet’s urgent environmental challenges. This work materialized in over 1000 projects, inspiring, informing, and guiding public policy making in more than 160 countries to improve their quality of life and sustainability for our future generations.        

The report, titled “Technology Critic Elements and their relevance to the Global Environment Facility”, analyzes and issues recommendation concerning the sustainability of the supply chain of Technology Critic Elements, from “green mining” to end-of life-processing and recycling. Technology Critic Elements (TECs) are metals critical in the development of new technologies, such as energy storage, electronic devices, etc.

StorEn’s residential 5kW/30kWh vanadium flow battery is featured in the image on page 24.

Please download the report here:

https://stapgef.org/sites/default/files/2021-02/TCEs%20and%20their%20Relevance%20to%20the%20GEF_web.pdf


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. 

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into StorEn Technologies, Inc..

$480

First Volume Tier

10% discount on the retail price of one battery*

$5,000

Second Volume Tier

10% discount on the retail price of one battery* + 3% bonus shares

$10,000

Third Volume Tier

10% discount on the retail price of one battery* + 6% bonus shares

$20,000

Fourth Volume Tier

10% discount on the retail price of one battery* + 10% bonus shares

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest in over 200 start-ups and collectibles!

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

PREVIOUSLY CROWDFUNDED
$1,729,577
RAISED
$8,245,969.48
INVESTORS
6,195
MIN INVEST
$480
VALUATION
$40.37M

@ 2022 All Rights Reserved

Apple Store Logo

Get To Know Us

Our Team

Careers

Blog

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.


Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.


Investment opportunities posted and accessible through the site are of three types:


1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.


Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.


By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.


Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.