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!
Co-Founder and CEO
StorEn Technologies Inc.