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

INVEST IN STOREN TECHNOLOGIES TODAY!

Renewable Energy Storage

StorEn answers the call for long-lasting, 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, eight times lower than lithium-ion batteries.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$1,069,752.60 Raised

ABOUT

HEADQUARTERS
25 Health Sciences Drive
Stony Brook, NY 11790
WEBSITE
View Site
External Link Icon

StorEn answers the call for long-lasting, 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, eight times lower than lithium-ion batteries.

TEAM

Carlo Brovero
Carlo Brovero
Founder, CEO, & Director

Carlo started his corporate finance career in 1991 at County Natwest in London, the merchant banking division of the National Westminster Bank. In 1996, Carlo opened the Milan office of Market Capital Corporation, a London-based corporate finance boutique, and was a Director at Accretive International. From March 2013 - May 2015, Carlo was a Board Advisor for Proxhima, and was the International sales & marketing director at iVIs Technologies until November 2016. In January of 2017, Carlo co- founded StorEn Technologies. Carlo structured several M&As and IPOs on four different European Stock Exchanges, such as the IPO of GoAdv (now Populis) on NYSE Alternext, a market of NYSE Euronext in Paris . Carlo holds an MBA degree from Aston University in Birmingham, UK, and being passionate about soccer, an MBA in Football Industries from Liverpool University, UK.

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.

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.

Professor Massimo Guarnieri

Professor Massimo Guarnieri

Scientific Advisor

Massimo developed a keen interest in fuel cells, flow batteries and is an international expert in energy storage. He has been a visiting researcher at the laboratories at UKAEA in Culham (UK) and General Dynamics in San Diego (USA). He authored over 200 scientific publications, mostly peer-reviewed international journal papers and conference proceedings, including over thirty books.

Professor Emeritus Roberto Marassi

Professor Emeritus Roberto Marassi

Scientific Advisor

Professor Marassi authored over 180 publications in activated carbon power electrodes, polymer electrolyte fuel cells, composite catalysts for fuel cells, graphene electrodes for lithium ion batteries, sodium ion batteries, Li-ion super capacitors, etc. Professor Marassi is an esteemed member of the international scientific community and an expert in batteries, fuel cells and energy storage technologies.

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.

TERMS

StorEn Technologies
Overview
PRICE PER SHARE
$4.20
DEADLINE
Mar 16, 2020
VALUATION
$28.06M
AMOUNT RAISED
$1,069,752.60
Breakdown
MIN INVESTMENT
$252
MAX INVESTMENT
$106,999.20
MIN NUMBER OF SHARES OFFERED
2,380
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
254,760

Maximum Number of Shares Offered subject to adjustment for bonus shares

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. 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. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Company

:

StorEn Technologies

Corporate Address

:

25 Health Sciences Drive, Stony Brook, NY 11790

Offering Minimum

:

$9,996.00

Offering Maximum

:

$724,323.60

Minimum Investment Amount

(per investor)

:

$252.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

2,380

Maximum Number of Shares Offered

:

172,458

Price per Share

:

$4.20

Pre-Money Valuation

:

$28,057,474.20











10% rebate on the purchase of the battery for all our shareholders that invested via StartEngine.

*Maximum subject to adjustment for bonus shares. See Bonus info below

Super Early Bird Bonus - First 10 days get 10% bonus shares

Early Bird Bonus- Next 30 days get 5% bonus shares

Volume

5% Bonus shares - Invest $1,000+ - get 5% bonus shares

10% Bonus shares - Invest $5,000+ get 10% bonus shares

15% Bonus shares - Invest $20,000 get 15% bonus shares

*The 10% Bonus for StartEngine Shareholders*

StorEn will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in StartEngine's own offerings.

StartEngine shareholders who invested $1,000 or more in any StartEngine offering will receive a 10% bonus on this offering. This means you will receive a bonus for any shares you purchase. For example, if you buy 100 shares of Common Stock at $4.20 / share, you will receive 110 Common Stock, meaning you'll own 110 shares for $420. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.

*All perks occur after the offering is completed 

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments.

PRESS

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
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
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
Governor Cuomo Announces Eight Finalists for 76West Clean Energy Competition

Finalists to Compete for Six Awards Totaling $2.5 Million.

ALL UPDATES

03.05.20

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, StorEn Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in StorEn Technologies be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

02.14.20

StorEn Reaches its Funding Goal!

Dear Investors and Followers, 

our second StartEngine campaign closed this week as we reached our funding goal of $1.07M. This is the maximum a company can raise in any 12-month period as prescribed  by Regulation Crowdfunding.

We reached this in only seven months and we are overwhelmed by your support! 

This week is also special because our first battery shipped to Australia. We shall continue to post updates about its installation after it arrives, and the ones that will follow.

This success is also yours as you made this possible with your enduring support!

As to all our followers, we thank you for your interest in our company. We hope to welcome you as our investors in the future. Please mention StorEn to your friends and acquaintances and let them know how our patented vanadium flow batteries can enable the renewable energy revolution.

We shall update our community with the contact details of our new supporters and continue posting updates on our StartEngine campaign page, as well as on our social media, to keep you informed on our developments in a timely manner.

Best wishes,

Carlo Brovero

02.01.20

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, StorEn Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in StorEn Technologies be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

01.15.20

StorEn Funding Goal Increased to $1.07M

Dear Investors and Followers,

I trust 2020 started with strength and optimism for the months ahead.

I am so pleased to announce that we have now cleared the Regulation Crowdfunding compliance requirement that limits the maximum a company can raise in any 12-month period. That means we are able to increase out maximum funding goal to $1.07M rather than the $724k that we were capped at for the beginning of our second raise.

Now that the campaign has increased, there is more space available and StartEngine will begin to invite all those on the waitlist to join the campaign. Make sure to act fast as your waitlist can expire if action is not taken quickly!

I want to thank you for your enduring support and embrace those followers who will decide to join us in the future.

For StorEn, the coming year will be exciting. We shall continue posting updates on our StartEngine campaign page, as well as on our social media to share our progress. 

Best wishes,

Carlo Brovero



01.15.20

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the StorEn Technologies offering. Here's an excerpt describing the specifics of the change:

Storen is increasing the maximum funding goal, updating their use of proceeds and extending the end date of their offering.

When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

12.19.19

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, StorEn Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in StorEn Technologies be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

12.02.19

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the StorEn Technologies offering. Here's an excerpt describing the specifics of the change:

Extended length of campaign.

When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

11.26.19

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, StorEn Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in StorEn Technologies be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

11.11.19

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, StorEn Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in StorEn Technologies be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

11.11.19

StorEn protecs its Intellectual Property Internationally further

Dear Investors and Followers,

StorEn is progressing with protecting its Intellectual Property internationally with many additional countries.

I am happy to share that, following our first deadline of September 27th, 2019, we have proceeded with patent registration in additional countries, including India, China, Australia, Korea and many others.

We shall continue posting updates on our StartEngine campaign page, as well as on our social media, as registrations in additional countries progress according to national deadlines.

Best wishes,

Carlo Brovero




REWARDS

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

$252

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$1,000

5% Bonus shares

Invest $1,000+ - get 5% bonus shares

$5,000

10% Bonus shares

Invest $5,000+ and get 10% bonus shares

$20,000

15% Bonus shares

Invest $20,000+ and get 15% bonus shares

JOIN THE DISCUSSION

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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

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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.

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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.

RAISED
$1,069,752.60
INVESTORS
1,511
MIN INVEST
$252
VALUATION
$28.06M

@ 2022 All Rights Reserved

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