Luquos Energy, established in December 2020 in Hong Kong, develops innovative flow battery technology designed to enhance renewable energy storage capabilities. The company creates batteries using aqueous electrolytes and earth-abundant elements, focusing on safety, cost-effectiveness, and environmental sustainability. Under the leadership of Co-Founder and Chief Scientist Prof. Yi-Chun Lu and Co-Founder and CEO Dr. Zengyue Wang, Luquos Energy aims to bridge the gap between intermittent renewable resources and constant energy demands through advanced energy storage solutions.
Battery Technology
Luquos Energy specializes in flow battery systems that offer significant advantages over traditional lithium-ion batteries. Their flagship technology utilizes sulfur-based chemistry, which delivers exceptional safety features through nonflammable and nontoxic materials. This approach results in superior cycle life performance, lasting up to 15 years – considerably longer than conventional battery solutions.
The company’s battery design emphasizes scalability for large-scale applications while maintaining cost efficiency through the use of readily available materials. Their sulfur-based flow batteries can reduce electricity costs by approximately 70% during peak usage hours. The technology finds applications across various sectors, including power grid support, renewable energy storage, and uninterruptible power supply for data centers and base stations. Additionally, the batteries integrate effectively with electric vehicle charging infrastructure and microgrid operations.
Recent Projects
In early 2024, Luquos Energy launched its first sulfur-based flow battery demonstration project in Shenzhen. The installation, known as LEAPLUG, serves an electric vehicle charging station and demonstrates significant cost reduction potential during peak hours. The company also established its research and development center in Shenzhen, strengthening its technological capabilities and market presence in mainland China.
Investors
The Hong Kong and China Gas Company Limited (Towngas) has invested tens of millions of Hong Kong dollars in Luquos Energy. This strategic investment followed Luquos Energy’s Bronze Award achievement in the TERA-Award Smart Energy Innovation Competition, organized jointly by Towngas and State Power Investment Corporation. The company also receives support through incubation programs at the Chinese University of Hong Kong and Hong Kong Science and Technology Parks.
Business Details
Location: Kowloon Tong, Hong Kong
Website: https://luquosenergy.com
LinkedIn: https://www.linkedin.com/company/74913324
