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.
StorEn Technologies, Inc.
Renewable Energy Storage
Stony Brook, NY
Environment
Clean Technology
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.
$6,099,283
raised
$1,729,577
previously crowdfunded
4,763
Investors
$40.4M
Valuation
$6.00
Price per Share
$480.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$12.4M
Offering Max
Reg A+
Offering
Rewards
Get rewarded for investing more into StorEn Technologies, Inc.:
$480+
Investment
First Volume Tier
10% discount on the retail price of one battery*
$5,000+
Investment
Second Volume Tier
10% discount on the retail price of one battery* + 3% bonus shares
$10,000+
Investment
Third Volume Tier
10% discount on the retail price of one battery* + 6% bonus shares
$20,000+
Investment
Fourth Volume Tier
10% discount on the retail price of one battery* + 10% bonus shares
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!
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Safe: Non-flammable, non-explosive
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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
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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
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StorEn's Vanadium Flow Batteries |
Tesla's Lithium Powerwall™ Battery
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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.
StorEn is a member and supports the mission of advancing zero-energy green buildings and LEED.
To capitalize on the offshore wind opportunity and other grid-scale applications, we conceived TITANstack™, the world’s largest Stack!
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
In the Press
Governor Cuomo Announces Eight Finalists for 76West Clean Energy Competition
Finalists to Compete for Six Awards Totaling $2.5 Million.
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.
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.
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.
Updates
Shay Chalmers updates on the StorEn manufacturing plant in Australia
4 days ago
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.
Noel Goddard of Accelerate New York Seed Fund comments on becoming a Shareholder of StorEn
30 days ago
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.
StorEn’s Battery Featured in the STAP’s “Technology Critical Elements …” Report for the GEF-UNEP
about 2 months ago
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:
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
StorEn’s Australian Partner Multicom contributes to the Future Charge Report
about 2 months ago
The Future Battery Industries Cooperative Research Centre is an Australian federal organization bringing together approximately 60 partners, including industry participants, Federal and State Government stakeholders, academics and researchers.
The Future Battery Industries CRC commissioned Accenture the Future Charge report.
“Future Charge: Building Australia’s Battery Industries is a comprehensive assessment of Australia’s economic opportunity to leverage its competitive advantages as a major supplier of battery minerals and expand its role within a growing global industry. As well as quantifying the value adding opportunities available to Australia, the report proposes a set of actions that are required from government and industry to capture the battery opportunity”.
Multicom, StorEn’s mining and manufacturing partner in Australia, is a founding partner of the Future Battery Industries CRC and a contributor to the Future Charge report.
Please download the report here: https://fbicrc.com.au/australias-7-4-billion-opportunity-in-future-battery-industries/
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
John Davis joins StorEn as Director of Business Development
2 months ago
We are pleased to announce the appointment of John Davis as Director of Business Development.
The appointment will add significant strength in our business development and marketing initiatives, in our core areas of focus such as residential storage, telecoms and other key segments, in North America and internationally.
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 Limited, 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.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
StorEn CEO, Carlo Brovero Panelists at the Powering Africa Summit 2021
2 months ago
The Powering Africa Summit is the leading meeting to focus solely on the Africa power sector and the electrification of rural communities. The Summit is officially supported by U.S Government agencies such as Power Africa (a US Government partnership), EXIM (the Export–Import Bank of the United States) and many others.
StorEn CEO, Carlo Brovero, was one of the panelists discussing the financing and deploying of new battery storage technologies.
Carlo described how StorEn’s vanadium flow batteries are ideal for developing economies such as Africa. This is so due to their long duration of 20+ years, high temperature resilience and environmental profile (close to 100% recyclability without the need of specialized facilities and a reusable electrolyte).
Carlo also illustrated StorEn’s economic development and storage deployment model being implemented in Northern Uganda that couples social and economic impacts for the local communities.
For further information: https://www.poweringafrica-summit.com
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Accelerate New York Seed Fund is a Shareholder of StorEn
2 months ago
We’re thrilled to announce that Accelerate New York Seed Fund (ANYSEED) is now a shareholder in our company.
Here’s a bit about the backstory: Over three years ago, in March of 2019, we raised funds from ANYSEED and issued them a Convertible Note after receiving the financing. (If you’re not familiar with how convertible notes work, they are a popular fundraising instrument, a hybrid of debt and equity. They are structured as loans with the option of converting to equity, as opposed to requesting the repayment of the principal plus accrued interest).
We’re so grateful to ANYSEED for converting their Note into equity.
Thank you for believing in our project and management team.
Thank you for supporting our enduring progress in the path to volume manufacturing.
Thank you, ANYSEED, for becoming one of our new shareholders!
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.
Why You Need Vanadium Flow Batteries for Your Home
3 months agoOur goal at StorEn Technologies is to create vanadium flow batteries that are affordable and accessible not just to businesses, but to homeowners as well. Vanadium flow batteries are safer and longer-lasting than lithium batteries, with the additional advantage of being more sustainable. This makes them ideal for residential use. Here’s how we envision the future of vanadium batteries for the home.
Vanadium Flow Batteries Remove Barriers to Solar Power
More and more homeowners are installing solar panels on their homes, but when it comes to energy independence, this rarely offers a comprehensive solution. What happens in the far north, where winter days are short? How can you generate enough energy to run your household when you have a stretch of overcast, rainy days? The current solution to these problems is to use energy from the grid when solar energy isn’t sufficient.
This is why a solar-powered battery is essential, as it lets you store excess energy created during peak sun times and save it to use in the evening and on cloudy days. A solar-powered battery will also keep your utility costs lower, as you can use it for your energy needs when electricity rates are at their highest.
StorEn Technologies vanadium flow batteries are suitable for use in a wide range of temperatures, which means they can be implemented in all climates, across all continents.
Vanadium Flow Batteries Are a Necessary Adaptation to a Changing Climate
While our vanadium flow batteries are sustainable and reduce greenhouse emissions, they also address the fact that climate change is real and happening rapidly; we’re now at a point where we must not only work to slow climate change, but come up with solutions to the problems it has already created.
Rolling blackouts during the summer months and power outages due to extreme weather events are occurring with greater frequency. These blackouts aren’t just inconvenient, but costly and dangerous as well. Equipping homes with rechargeable batteries—even if these batteries are simply connected to the grid instead of solar power—will allow continued access to electricity during power outages, helping homeowners avoid blackouts.
Vanadium Flow Batteries Are Hassle-Free
StorEn Technologies vanadium flow batteries are ideal for homeowners because they need little maintenance or upkeep. Vanadium flow batteries:
Discharge at 100% capacity throughout their whole lifespan.
Have the ability to last 25 years or more.
Are a cost-effective option, as the electrolyte retains its end-of-life value.
Have an on-demand maintenance system that indicates when maintenance is required.
Are non-flammable and non-explosive, making them safer for home use.
We envision StorEn home vanadium batteries as a plug-and-use product that allows homeowners to achieve energy independence without requiring any advanced knowledge of electrical components or wiring.
Image credits: Green Mountain Power
Over $5m Raised and Our Latest on Clean Technica
4 months agoWe’re excited to announce that we have now raised over $5 million!
Thank you to all of our investors.
We are thrilled to continue our collaboration with Clean Technica to bring more awareness to the benefits of vanadium flow batteries. In our latest article, we discuss the recent news around The U.S. Department of Energy’s emissions-free economy. They have taken a big step forward by setting aside $20 million for flow battery manufacturability.
This news comes on the heels of the $40 Billion available through Biden’s Department of Energy’s Loan Program Office for Innovative Technologies, including energy storage product and manufacturing.
Read the full article, “Flow Batteries Keep the Energy Flowing” here.
All the best,
Carlo Brovero
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. For more information about this offering, please read Storen Technologies offering circular as well as the risks associated with this offering.
Over $4.5m raised and Our Latest on CleanTechnica
6 months agoWe’re excited to announce that we have now raised over $4.5 million! Thank you to all of our investors.
We are thrilled to collaborate with Clean Technica to bring more awareness to the benefits of vanadium flow batteries. In our latest article, we asked Professor Roberts questions about the technology.
Dr. Ted Roberts is an internationally recognized expert and innovator in the field of electrochemical technology. He completed his BA (1987), MEng (1988), and PhD (1992) at Cambridge University. Prior to moving to Calgary in 2012, he was a professor at the University of Manchester in the UK, and he is a founder of a successful spin-out company, Arvia Technology Ltd.
His work has been recognized through several international awards for innovation (the IChemE Water Innovation Award, the IET Innovation Award, and the ACES European Academic Enterprise Award). He is the holder of 22 granted patents, has a further 20 patent applications pending, and has published more than 100 papers in international journals.
Read the full article here.
All the best,
Carlo Brovero
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. For more information about this offering, please read Storen Technologies offering circular as well as the risks associated with this offering.
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