StorEn's Regulation A+ Offering is now live on StartEngine!

StorEn is now live accepting investments

View the new offering here

Click here to view their offering circular

StorEn Technologies has developed proprietary vanadium flow batteries.

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

This proprietary technology brings superior performance at a lower cost, thus fulfilling market demand for more efficient 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 patent applications and four trademarks to date. 

Through these processes, we have created an efficient, powerful, durable and cost-effective battery.  Our batteries answer the call for long-lasting, and affordable energy storage. Our disruptive proprietary all-vanadium flow battery technology delivers the lowest cost-per-cycle energy storage device in the world; up to eight times lower than lithium-ion batteries. 

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.

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!

Our Batteries:

• Last for 25 years or 15,000 cycles.

• Maintain 100% capacity over their lifetime

• Have no ghost-effect.

• Have no self-discharge.

• Are resilient in case of natural disaster. 

• Can operate in harsh climates, while delivering higher round-trip efficiency (see also: Thermastable™)

• Are virtually maintenance-free. (see also: Equilevels™ and Resafe™)

• Have an electrolyte that is reusable in a new battery (an asset).

• Are 100% recyclable.

Target cost per cycle: $0.02

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 connect, and will offer households an energy addition to a solar system and the utility grid.

• 4 PCT patent applications securing our innovative IP Internationally.

• Over $2M Invested in R&D to date 
• Over $650k invested from 680+ investors
• Founding Team's 3rd energy start-up
• Received first order of $500,000 from Multicom to be delivered to Australia by end of 2019 

Winner of numerous Technology and Innovation awards

• 2019 Innovator of the Year Award by InnovateLI
• Finalist at 12th Columbia University Energy Symposium in New York City
• Finalist at the 76West Competition by the New York State Energy Research and Development Authority

• Finalist at Cleantech Open, the leading cleantech accelerator program in the US

• Panelist at Global Energy Conference in London by Credit Suisse Investment Banking

• Received an R&D Award from the New York State Energy Research and Development Authority
  
  

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. 

Multicom’s subsidiary, Freedom Energy, will assemble StorEn batteries within Australia and distribute them widely across the wider Asia Pacific region. They have already completed a concept design for a StorEn battery manufacturing facility in 2018 and will begin the factory design in 2019. 

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

• 100% recyclable: all battery components can be recycled

• 100% reusable electrolyte: the electrolyte is reusable in a new battery or its vanadium can be recovered for alternative use

• NON-pollutant

• REDUCING mining: no mining of fresh vanadium is necessary to replace a spent battery

• NON-flammable

• NON-explosive

• REDUCING Green-house Gas emissions:  154 metric tons of CO2 per battery (source: EPA Calculator)

Operational Cost: 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

Power Side Cost: 52% lower manufacturing cost thanks to the innovative Hi-Power electrodes and our proprietary MULTIGRIDS™ distribution. 

Power: +50%  in power with the same  components’ costs thanks to our proprietary MULTIGRIDS™ distribution

Energy: +35% in energy storage with the same volume

Efficiency: +5% Round-Trip efficiency in harsh climate thanks to our proprietary THERMASTABLE™ geothermal design

Viability: Virtually maintenance–free thanks to our proprietary RESAFE™ and EQUILEVELS™ technologies

Sustainability: The electrolyte becomes an asset and is 100% reusable in a new battery saving 45% of the purchasing cost, and 100% recyclable

In March 2018, the Internal Revenue Service (IRS) determined that residential energy storage batteries are eligible for up to 30% 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 30% ITC, or a 27% 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). 

Cost Effective

Solar + Storage was already more economical than the Grid in five States in 2018.  These are expected to grow to 23 States by 2025 according to the report Alt Energy in 2019  by Credit Suisse Investment Banking.

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 listed stock exchange corporate buyers.

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.

To Our Prospective Investors,

It is an exciting time at StorEn! Last year, we completed a successful Regulation Crowdfunding campaign on StartEngine, raising $600k+ from hundreds of investors that share our passion for technology and the environment. We hit several milestones in our development with the funds raised!   Therefore, I would first like to thank everyone who entrusted us and supported our project from the onset! We built our battery prototype and completed a first technical testing program at the Environment Park. 

Next, we installed our prototype at the Advanced Energy Center at Stony Brook University for independent validation. We received the financial support of two New York State organizations for this: the New York State Pollution Prevention Institute (NYSP2I), and the Center in Integrated Electric Energy Systems (CIEES), an NYSTAR’s Center for Advanced Technology (CAT). Following this testing, we finalized the design of our MULTIGRIDS™ stack to move into the manufacturing phase. This allowed us to secure our first order for batteries to Australia, worth up to $500,000 to be delivered by end-2019. 

We received R&D financing from the New York State Energy Research and Development Authority (NYSERDA) to test some innovative membranes.

Finally, we protected our IP internationally by extending our provisional applications to PCT patents at the WIPO in Geneva, Switzerland.

We are now back to ask our community and those who would like to join us, to support us in the next phase of our journey. Please help us achieve our dream of building a successful business while contributing to a superior cause that we feel passionate about, along with so many people. We are confident that our energy storage technology can enable the transition to the delayed use of 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, storing clean energy and saving you money.  In addition, they will support social and economic development by bringing electrification to off-grid communities, such as the ones in developing countries. Together we believe we can make StorEn a success and reap the rewards of our partnership while accomplishing an incredible mission. Help us to do well while doing good! Support StorEn!

Yours sincerely,

Carlo Brovero

Co-Founder and CEO

StorEn Technologies Inc.