StorEn Technologies is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$400.00 minimum investment

StorEn Technologies

Energy Storage

Small OPO
Stony Brook, NY
Clean Technology
Accepting International Investment
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Solar-Charged Batteries Are The Future

StorEn Technology is developing evolutionary vanadium flow batteries. Incubated at the Clean Energy Business Incubator Program (CEBIP) within Stony Brook University in New York, we're building upon the strengths of vanadium flow batteries to revolutionize the world of residential and industrial energy suppliers. 


Our batteries are being developed to deliver superior performances at a lower cost, and fulfill market demand for more efficient and cost-effective energy storage. StorEn takes what vanadium batteries already promise - durability and sturdiness - and use extensive R&D to focus on improving the electrical efficiency of the stack, the energy density of the electrolyte, and the module. Through these processes, we create efficient, powerful, effective products which have led to four US provisional patents and four trademarks so far.

StorEn answers the call for long-lasting, and economical, energy storage.

Invest in StorEn. 


Our 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.


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

The Offering

Investment
$4/share of Common Stock│When you invest you are betting the company’s future value will exceed $26M.


Our mission is to develop innovative, efficient, resilient and cost-effective energy storage. We'll enable the renewable revolution to combat climate change.

Our Batteries 

A StorEn battery module will work in synergy with the solar system. During the day, our solar panels capture energy from the sun. This energy charges the battery while simultaneously powering a home, office, or business center. Then, as day turns to night, the battery takes over, providing energy consistently, and maximizing each hour of the day for energizing efficiency.


Independent from its solar storage capabilities, the StorEn battery module can store power from the grid at night when electricity prices are low. By using battery power during peak electricity times, clients can save money on their utility bills. Additionally, in the event of an emergency, our patent pending battery design guarantees continuity to vital devices such as telecommunication, lighting, refrigeration, and heating and ventilation systems. StorEn delivers additional assurance in case of a natural disaster.


Our customers can save money while benefiting the environment.

"Your next home could run on batteries. Solar-powered batteries have the possibility of saving consumers money in the long term."

Residential

Our home batteries charge using electricity generated from solar panels. When the sun goes down, our battery uses energy it drew throughout the day to power the home through the evening. 


Home batteries recharge when electricity rates are low, and use that energy later, when prices spike. Plus, they provide backup electricity supply for added security in the event of an outage. 

 

Our home battery will be cost-effective, easy to install and connect, and will offer households an energy alternative to the utility grid.

Industrial

Our industrial batteries charge using the electrical energy from intermittent power sources like wind and solar. 


These will be able to store energy from virtually any source when production exceeds consumption, and excess energy is generated.

 

When production falls below consumption, our ideal industrial battery will reduce power waste by using energy it's already stored.

Telecom-Data Centers

Our Telecom Center Batteries charge from the grid, and are powered with renewable energy in off-grid locations. 

 

This will be a battery for Data Centers that provides a backup electricity supply for added security.

 

Our ideal battery for Telecom Towers and Data Centers will enable continuity of communication, transmissions, and, data integrity.

Our Product

Vanadium Flow Sustainability

  • 100% recyclable: electrolyte is reusable in new battery
  • NON-pollutant, unlike lithium
  • REDUCE mining: no mining of fresh vanadium, unlike lithium 
  • NON-flammable, unlike lithium
  • Green-house gas emissions reduced by 154 metric tons of CO2 per battery 

What Makes StorEn Batteries Different

Vanadium-Flow Batteries: The Energy Storage Breakthrough We've Needed


"… nonflammable, compact, reusable over semi-infinite cycles, discharge 100% of the stored energy and do not degrade for more than 20 years…"


 - Forbes

December 13th, 2016

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


Power: Proprietary technology delivers over +50% in power with the same amount of raw material


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: Cost comparable to lead acid battery but with 15 times the duration (15K cycles or 25 years). 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



Our Proprietary Innovation

How StorEn Vanadium Flow Batteries Work

We've Got What It Takes

We've got 4 patent-pending applications protecting innovative concepts

$1.5M invested in our R&D operations to date (funded by the co-founders)

Our proven team is at its 3rd energy start-up (the last two were huge successes)

StorEn has been a finalist at three leading national accelerators in 2017 alone

Our Vanadium Stock Is Rising

StorEn has entered into a supply chain deal with Multicom Resources, an Australian mining company. Multicom is the owner of two vanadium mines. 


Through this exciting arrangement, StorEn has secured the exclusive availability of vanadium for the next 10 years with either a price cap or at market price, whichever is the lowest. Additionally, the two companies have issued a respective call option to acquire a minority equity interest in each other, solidifying our relationship. 

Our Partnerships

Solar-Plus-Storage Systems Are the Future of Energy

 

The New Powerhouse

  • Solar is quickly becoming a major source of energy all over the world and we now have the ability to harness the power of the sun for our daily lives
  • Clean renewable energy now powers more than 1M homes in the US

  • The SunShot study predicts this number could grow to as many as 4M homes by 2020

  • 79% of all US rooftops are solar-viable

  • Net-metering is being phased out

  • The domestic energy storage market is booming

Source: McKinsey and Company 

Source: Energy Storage News 

Source: NY Best

“Affordable energy storage as the missing link between intermittent renewable power, such as solar and wind, and 24/7 reliability”

McKinsey & Company

August 2016

"The market for energy storage in the United States could reach $2.5 billion by 2020—six times as much as in 2015."

"In less than 10 years, to 2026, distributed solar-plus-storage systems worldwide will be worth more than US$49.1 billion."

“Energy storage capacity will increase 40-fold in developing countries over the next 8-9 years; growing to 80GW from 2016’s 2GW capacity.”

Accolades

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 (NYSERDA)

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

More About Vanadium Flow Batteries 

Lithium Batteries vs. Vanadium Flow Batteries

While the initial price point of lithium batteries might be enticing, vanadium flow batteries last longer and cost less over their lifetime.

Lithium-ion batteries lose some of their original capacity over time. This decay in capacity can be in excess of 50% after only 3 years. Additionally, the safety of lithium-based batteries attracted much media coverage as they can catch fire and sometimes explode.


Tesla's Lithium Powerwall™Battery

  • Delivers 13.5kWh energy and comes with a 10-year warranty
  • Cost per kWh: $459 ($6.2K ÷ 13.5)


StorEn's Vanadium Flow Batteries

  • StorEn lifetime is 25 years without any decay
  • StorEn Cost per kWh already comparable, despite lithium batteries being already manufactured in large volumes

Vanadium Batteries Are The Clear Winner

"Lithium-ion batteries... are no match for VRFBs, which have longer lifetimes, can be scaled up more easily, and can operate day-in / day-out, with no significant performance loss for 20 years or more."

Institute of Electrical and Electronic Engineers

October 26th, 2017

Although the vanadium flow battery (VFB) technology has been around for some time and boasts strong fundamentals, demonstrated by a number of installations in several countries worldwide, we believe there is still massive room for technological advancement and improvement.

 

StorEn creative efforts focus on increasing power and energy density well above the current state-of-the-art technologies. These efforts resulted in patent-pending innovations developed in fluid dynamics of the stack, electrolyte molarity and battery design.

 

StorEn batteries deliver a reduction of 50% in the cost of the power side of the battery, an increase of 25% in battery capacity and longer service intervals with improved reliability to exceed a  20-year operative life. We deliver the lowest Total Cost of Ownership (TCOs) possible today.

The Clean Energy Business Incubator Program 

The Clean Energy Business Incubator Program (CEBIP) at Stony Brook University is the leading clean-tech incubator in New York State providing assistance and resources for selected developers of disruptive renewable and clean-energy technologies. By mentoring entrepreneurs, CEBIP helps establish successful enterprises by bringing their technologies to market. CEBIP is supported by the New York State Energy Research and Development Authority (NYSERDA) and will continuously work towards the development of a successful clean energy economy, with the ultimate goal of creating new jobs and making a strong economic impact in New York. CEBIP works in symbiosis with the Advanced Energy Research & Technology Center (AERTC) at Stony Brook University, an internationally recognized research institution focusing on energy and energy storage.

Our Team

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 full of entrepreneurs and scientists who are focused on launching a successful business, while simultaneously making the world a cleaner and better place for future generations

A Final Note from StorEn's Co-Founder

To Our Prospective Investors,


We started StorEn Technologies to develop clean technologies for efficient and cost-effective energy storage able to support the reduction of our planet’s global warming. We wanted to build a successful business while contributing to a superior cause we and so many people feel passionate about.


As the world is moving away from fossil fuels and into the age of electricity, we are confident to have developed a storage technology that can support this transformation by enabling electricity generation 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.


It is gratifying imagining that our battery will bring electrification to off-grid communities, such as the ones in developing countries.

Even though we know we are working on a ground-breaking technology, we could not anticipate the degree of support we are receiving. Since the start of our activities in the United States, we have been overwhelmed by the extent of the cooperation from the scientific and business communities, as well as the encouragement from the public.


We decided to let the wider community own a piece of our technology startup and therefore invite you to support us.  As an investor and supporter, you will be at the cutting edge of an innovative project. Together we can make StorEn a success and reap the reward of our success, while accomplishing an incredible mission.

Join us, and support StorEn!

Yours sincerely,


Carlo Brovero

Co-Founder and CEO

StorEn Technologies Inc.

In the Press

CEBIP Battery Barons Inch Toward 76West Title
July 17, 2017

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

Governor Cuomo Announces Eight Finalists for 76West Clean Energy Competition
July 13, 2017

Finalists to Compete for Six Awards Totaling $2.5 Million.

Flood of announcements from flow battery makers
November 22, 2017

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
November 28, 2017

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
November 21, 2017

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

Offering Summary

Maximum 26,750* shares of common stock ($107,000)

*Maximum subject to adjustment for bonus shares. See 10% Bonus below

Minimum 2,500 shares of common stock ($10,000)


Company
StorEn Technologies, Inc.
 

Corporate Address
25 Health Sciences Drive
 Stony Brook, NY 11790
 

Description of Business
StorEn Technologies, Inc., a Delaware corporation formed in January 2017, is developing innovative vanadium flow batteries for large-scale energy storage, currently targeting residential, industrial, telecommunications and data center customers.

 

Type of Security Offered
The investment instrument is Common Stock.
 
Purchase Price of Security Offered
$4.00 per Share.
 

Minimum Investment Amount (per investor) 
$400 per investor (100 Shares)













The 10% Bonus for StartEngine Shareholders (This bonus period is concluded as of 5:00PM PT on January 9, 2018)

StoreEn Technologies, Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 25 shares of Common Stock at $4.00 / share, you will receive 2 Common Stock bonus shares, meaning you'll own 27 shares for $100.   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 receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

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 and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

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Long Term Debt
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Revenues And Sales
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Risks

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.


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