StorEn Technologies Inc. is an innovative provider of vanadium flow battery solutions, established in 2017. The company focuses on developing and manufacturing advanced energy storage systems that enable efficient power management for residential, commercial, and industrial applications. Based at the Clean Energy Business Incubator Program within Stony Brook University, StorEn has positioned itself as a significant contributor to the renewable energy transition through its proprietary battery technology.
The company’s emphasis on sustainable energy storage has resulted in multiple international patents and strategic partnerships worldwide. StorEn’s approach combines technical innovation with practical applications, creating energy storage solutions that address current market demands while anticipating future needs.
Battery Technology
StorEn’s flagship product line centers on vanadium redox flow batteries (VRFBs), which utilize vanadium’s unique ability to exist in four different oxidation states. This characteristic enables the creation of batteries with exceptional power density and consistent performance throughout their lifespan. The technology incorporates several proprietary advancements that enhance both efficiency and durability.
These batteries offer several distinct advantages over traditional energy storage systems. They maintain full capacity for over 25 years, completing more than 15,000 charge cycles without degradation. The system’s electrolyte is 100% recyclable, supporting environmental sustainability goals while reducing long-term operational costs. StorEn’s VRFBs are also inherently safe, featuring non-flammable and non-explosive components.
The company’s technical innovations include optimized electrical efficiency in the stack design and increased energy density in the electrolyte composition. These improvements result in superior performance metrics while maintaining competitive pricing compared to conventional battery technologies.
Recent Projects
In recent developments, StorEn secured a significant $500,000 contract to supply vanadium flow batteries for a renewable hydrogen plant in Australia. The company has also expanded its product range with the introduction of new residential and industrial units, targeting various market segments with customized energy storage solutions.
StorEn has strengthened its supply chain through an exclusive agreement with Multicom Resources, ensuring stable vanadium access for up to 20 years. This partnership includes arrangements for assembly and distribution across the Asia Pacific region, marking a significant expansion of StorEn’s market presence.
Investors
StorEn has successfully raised over $11 million through crowdfunding initiatives. In 2023, the company secured $1,374,076 at a valuation of $60,172,534 through StartEngine’s platform. A significant investment commitment of $50 million from GEM Global Yield LLC SCS supports StorEn’s plans for public listing. The company has also attracted investment through various Regulation Crowdfunding (RegCF) and Regulation A+ (RegA+) offerings, demonstrating strong market confidence in its technology and business model.
Business Details
Location: Greenville, South Carolina, USA
Website: https://storen.tech
LinkedIn: https://www.linkedin.com/company/11044879
