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 Technology develops 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 demonstrated strengths of vanadium flow batteries to revolutionize the world of residential and industrial energy suppliers.
Our batteries are designed 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 to reduce costs. Through these processes, we create efficient, powerful, cost-effective products which have led to four international PCT patent applications and four trademarks so far.
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.
Investment
$4/share of Common Stock│When you invest you are betting the company’s future value will exceed $26M.
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 your home and vital devices such as telecommunication, lighting, refrigeration, and heating and ventilation systems. StorEn delivers additional resilience in case of a natural disaster.
Our customers can save money while benefiting the environment.
Our home batteries charge using electricity generated from solar panels. When the sun goes down, our battery uses the solar 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 or resilience in case of natural disaster.
Our home battery will be cost-effective, easy to install and connect, and will offer households an energy alternative to the utility grid.
Our industrial batteries charge using the electrical energy from intermittent power sources like wind and solar.
These are designed 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 delivering the energy it's already stored.
Our Telecom Center Batteries charge from the grid, and are powered with renewable energy in off-grid locations.
Our battery for Data Centers 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.
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
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.
Multicom initiated the construction of a battery factory in Queensland, Australia, to build StorEn’s innovative vanadium batteries for distribution in Asia.
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”
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
Panelists at the 2018 Advanced Energy Conference in New York City.
Panelists at the 2017 Global Energy Conference in London by Credit Suisse Investment Banking
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
StorEn's Vanadium Flow Batteries
Institute of Electrical and Electronic Engineers
October 26th, 2017
The vanadium flow battery (VFB) technology has been around for some time and boasts proven fundamentals, demonstrated by a number of installations in several countries worldwide, but 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 as a way to reduce cost. 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 are virtually maintenance-free with improved reliability to reach a 250-year operative life. We deliver the lowest cost/cost cycle otal Cost of Ownership (TCOs) possible today.
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.
StorEn has completed extensive validation of its stack prototype at the Environment Park in Turin, Italy’s leading incubator (link to press release).
Initial stack test results are exciting and show increased power density. Our new stack embedding our proprietary technology MULTIGRIDS™ delivered exceptional fluid dynamic results, superior power density at lower pressures.
An independent third-party validation of the prototype is beginning at the Advanced Technology in Integrated Electric Energy Systems (CIEES) at Stony Brook University, within the Center for Advanced Technology (CAT) award from NYSTAR,
Empire State Development’s (ESD’s) Division of Science, Technology and Innovation.
StorEn Technologies' New Battery Stack Validation at the EnviPark Test Bench
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
Creativity and Innovation
A Shared History
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,
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.
Yours sincerely,
Carlo Brovero
Co-Founder and CEO
StorEn Technologies Inc.
A Stony Brook battery business with European roots has made the cut in a state clean-energy contest.
Finalists to Compete for Six Awards Totaling $2.5 Million.
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.
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.
StorEn Technology* is developing a new generation of vanadium flow batteries to meet the growing market demand for cost-effective energy storage.
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.
Dear Investors and Followers,
Our second StartEngine campaign displays a momentum greater than our first campaign and we are thrilled by this success, as we raised over $100K in just over two weeks. Check it out at: www.startengine.com/storen-technologies
I am currently in Europe for meetings. StorEn has an ongoing scientific cooperation with the University of Padua that resulted in two scientific publications on the prestigious Journal of Power Sources and Applied Energy confirming the superior electrical performance of our proprietary stack. The University of Padua was founded in 1222 and is the second-oldest university in Italy and the world's fifth-oldest surviving university.
Our sincere gratitude goes to all those who have decided to support us and invested in our cause. Your investment is crucial to us and will support us through the industrialization of our battery and moving towards volume manufacturing. We are also building a first batch of batteries, some of which will go to Australia.
As to all our followers, we thank you for your interest in our technology. We hope you will decide to join our family of investors in the future. Please share our campaign with your friends and acquaintances and let them know how our patent-pending vanadium flow batteries can contribute to the reduction of global warming.
We shall continue posting updates on our StartEngine campaign page, as well as on our social media, to keep our community informed on our developments in a timely manner.
Best wishes,
Carlo Brovero
As we approach the end of our campaign, we'd like to let you know about a very significant update regarding our vanadium partnership with Multicom Resources. We recently announced that Multicom's Vanadium has been verified for use in our proprietary Vanadium Flow Batteries (VFBs).
Multicom has been running ongoing feasibility studies on its vanadium pentoxide since our partnership was established in November 2017. These studies recently resulted in the independent verification of the vanadium pentoxide with negligible deleterious elements. As a next step to this formal milestone, we'll be prepping and shipping the first of three VFBs to Multicom. The first battery is scheduled for arrival in Australia in April 2019.
The batteries will be StorEn’s residential 5kW/30kWh modules, which are expected to be significantly cheaper, longer lasting, safer and more environmental friendly than the lithium-based batteries currently prevalent in this market segment.
Multicom Resources Executive Director, Nathan Cammerman said: “We are very pleased to have achieved these important milestones with the StorEn team. The Australian market is well suited for the deployment of StorEn’s low cost, long life vanadium battery technology, supported by a large number of households utilising solar power and strong bipartisan government support for the battery storage industry”.
Dear Investors and Followers,
We are now approaching the end of our StartEngine campaign. Regulation Crowdfunding, the regulatory framework for our campaign, permits a company to run a for a maximum 12-month period. Therefore our campaign will close on January 8th, 2019.
Since the start of our StartEngine campaign in January 2018, with your support, we fulfilled several crucial milestones in our roadmap.
We have completed our R&D and extended our four US provisional patent applications to four International PCT applications at the World Intellectual Property Organization in Geneva, Switzerland.
Our prototype, embedding our IP, underwent a first internal validation program at the Environment Park. The power results obtained were inspiring and above our expectations.
Before our campaign closes, we will have more to share about our validation program as well as our partnership with Multicom Resources.
Our sincere gratitude goes to all those who have supported us and invested in our cause. As for all our followers, we thank you for your interest in our proprietary vanadium flow technology and hope you decide to join our family of investors before the forthcoming end of our campaign.
Stay in touch with us via our social media as we shall keep our community informed on our future developments in a timely manner as our project unfolds.
Best wishes,
Carlo Brovero
CE
[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
[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
[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:
Issuer extending 55 days.
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.
StorEn was one of several NY-based startups invited to attend the New York Green Innovation Showcase on November 7. The event was sponsored and organized by the New York State Energy Research and Development Authority (NYSERDA), which promotes energy efficiency and the use of renewable energy sources throughout the state of New York. Taking place at The New York Academy of Sciences in 7 World Trade Center, the invitation-only event brought together a variety of startups, investors, venture development organizations and strategic partners in the clean tech space.
We ended up holding one-on-one meetings with nine potential investors, all of whom we will stay in close contact with. It was a pleasure sharing our story and product with these investors, who were very receptive to our technology and roadmap going forward. We also enjoyed meeting and sharing ideas with the other startups and entities, all of whom very much shared our vision of forging new paths in the world of renewable energy.
For those of you receiving this update that haven't invested yet, please feel free to comment with any questions or concerns you have. We would love to have you on board as an investor.
[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
Dear Investors and Followers,
Our prototype has arrived at Stony Brook University! Our battery with StorEn’s proprietary technology will undergo extensive independent validation at the Advanced Energy Research & Technology Center (AERTC) at Stony Brook University. This session follows our internal testing performed at the Environment Park.
Our sincere gratitude goes to everyone who has invested in our project, enabling us to complete the next step in our company’s roadmap towards manufacturing. We thank our followers for their interest in our project and hope you decide to join our family of investors in the future.
We shall continue posting updates on our StartEngine campaign page and on social media, to keep our community informed of developments. Stay in touch with us and please consider sharing our campaign with others.
Best wishes,
Carlo Brovero
[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
Comments ({{profileCtrl.startup.comments_count}} total)
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}