Top 10 flow battery companies in the world

Top 10 flow battery companies in the world

CellCube (Enerox GmbH)

Established: 1986

Location: Wiener Neudorf, Austria

Company profile:
Austrian company Enerox GmbH is the manufacturer of CellCube’s all-vanadium flow battery. It is one of the leading companies in long-term energy storage solutions. CellCube provides high-quality, low-cost, efficient on-grid and off-grid redox flow battery solutions to meet the world’s energy storage infrastructure needs.

CellCube has a reputation for enabling the most flow battery projects in the industry. South African vanadium company Bushveld Minerals has invested in Enerox to expand sales and manufacturing capacity amid rapidly growing demand for long-term energy storage solutions. CellCube is one of the leading choices for multi-hour energy storage systems. During years of rigorous durability testing, key components of the CellCube system have survived more than 10,000 cycles without interruption. CellCube is one of the top 10 flow battery companies in the world.

Official website: https://www.cellcube.com/

Latest news: CellCube plans to deploy flow battery energy storage system in Australia.

ESS Tech

Established: 2011

Location: Wilsonville, Oregon, USA

Company profile:
Founded in 2011, ESS designs, manufactures and deploys long-life and low-cost iron flow batteries for commercial and utility-scale energy storage applications. The company’s Energy Warehouse and Energy Center use rich iron, salt and water as electrolytes with minimal environmental impact. Its products are mainly used in utilities, industrial and commercial, microgrid and DERMS and VPP. Also, it is one of the top 10 flow battery companies in the world.

Official website: https://essinc.com/

Total market capitalization: $556 million

Latest news: ESS Tech drives LDES growth and accelerates clean energy transition.

Invinity Energy Systems

Established: 2009

Location: St Helier, Jersey

Company profile:
Invinity Energy Systems is a world-leading vanadium flow battery company. It specializes in utility-scale energy storage for commercial and industrial (C&I), grid-scale and microgrid applications. Vanadium flow batteries are designed to be non-flammable and safe, providing long-term flexibility and reliability.

As commercial and industrial businesses around the world unlock low-cost, low-carbon, and maximizing return-on-investment energy sources, Invinity cells are an ideal complement to photovoltaic (PV) systems with significant benefits such as increased resiliency, increased operational freedom, and reduced electricity cost. Besides, it is one of the top 10 flow battery companies in the world.

Official website: https://invinity.com/

Total market capitalization: $3.481 billion

Latest news: Invinity Energy Systems plans to deploy a 2.8MW/8.4MWh vanadium flow battery energy storage system.

Largo

Established: 1988

Location: Toronto, Ontario, Canada

Company profile:
As one of the world’s leading vanadium companies, Largo provides innovative energy solutions for a low carbon future. Largo’s VPURE and VPURE+ flakes come from the company’s highest-grade vanadium deposits at the company’s Maracás Menchen mine in Brazil.

The company manufactures industry-preferred vanadium products such as vanadium pentoxide flakes and vanadium pentoxide powder, which are ideal for master alloys, catalysts and steel applications, vanadium redox flow batteries (VRFBs) and other applications.
Largo has launched Largo Clean Energy, a vanadium redox flow battery (VRFB) system for the fast-growing energy storage market. The company acquired the assets, which included 12 patents previously owned by U.S.-based VionX Energy. The acquisition marks a new start in the renewable energy storage business. Largo is one of the top 10 flow battery companies in the world.

Official website: https://www.largoinc.com/overview/default.aspx

Total market capitalization: $377 million

Latest news: Largo completes battery pack fabrication for its 6.1 MWh VCHARGE VRFB deployment in Spain.

Lockheed Martin

Established: 1995

Location: Bethesda, Maryland, USA

Company profile:
The company’s innovative redox flow battery, GridStar Flow, is optimized for flexible discharge of more than 6 hours for a variety of energy storage application scenarios. GridStar Flow is capable of 100% depth of discharge (DoD) with minimal degradation and long lasting durability. And it’s cost competitive, durable, and has a design life of 20 years. It is also a non-corrosive, non-flammable, stable electrolyte. Therefore, Lockheed Martin is also a member of the top 10 flow battery companies in the world.

Official website: https://www.lockheedmartin.com/
Total market capitalization: $3.4 Billion

Primus Power

Established: 2009

Location: Hayward, California, USA

Company profile:
Primus Power provides low-cost, non-fading and long-life energy storage systems for the commercial, industrial, renewable energy and utility markets. It focuses on maintaining a balanced grid and power fluctuations and ensuring a stable, reliable energy supply.

The company’s award-winning EnergyPod 2 addresses the need for long-life batteries to reduce power outages and meet peak power demands, ensuring hours of battery power (20-year life) without degradation and minimizing overloading Substations undergo expensive utility upgrades.

The EnergyPod 2 offers outstanding energy capacity with a stable zinc bromine flow battery (ZBFB), superior battery and flow architecture, and industry-leading LCOS. Additionally, the optimized design of the EnergyPod 2 eliminates life-limiting battery components including complex piping, graphite electrodes and separators/separators. It is also one of the top 10 flow battery companies in the world.

Official website: https://primuspower.com/en/

Total market capitalization: $26.71 million

Latest news: Primus Power is developing sulfur flow batteries, as well as researching new anode and cathode formulations, membranes and physical system designs.

SCHMID

Established: 1864

Location: Freudenstadt, Germany

Company profile:
SCHMID EverFlow energy storage are based on advanced vanadium redox flow battery (VRFB) technology to provide optimum efficiency. SCHMID energy systems based on VRFB offer decisive advantages including: 100% deep discharge capability and recyclability, compatibility with all renewable energy sources, easy installation, environmentally friendly design, flexible scalability, high cycle resistance (typically up to 10,000 pcs) , full cycle, integrated real-time monitoring, lasting value – up to 40 years of electrolyte life, low maintenance, no self-discharge in the tank, no harm to battery materials. Therefore, SCHMID is also rated as one of the top 10 flow battery companies in the world.

Official website: https://schmid-group.com/en/

Total market capitalization: $5.8469 million

Latest news: SCHMID Group announces the relocation of its main Chinese production facility.

Sumitomo

Established: 1897

Location: Osaka, Japan

Company profile:
With a history of more than 120 years of manufacturing innovation, Sumitomo Electric operates in five business areas: Automotive, Infocomm, Electronics, Environment and Energy, and Industrial Materials. The company provides a variety of battery-based services to consumers, utilities, electricity retailers and renewable energy producers.

Its flow batteries offer the following advantages: unlimited number of charge-discharge cycles available without degradation, cost-effective power generation with flexible battery design, suitable for short- and long-term output changes, use of non-flammable or flame-retardant materials, fire very low risk, long life, semi-permanent electrolyte use, system life up to 20 years, the maximum security of system operation. Sumitomo is one of the top 10 flow battery companies in the world.

Official website: https://sumitomoelectric.com/

Total market capitalization: $37.494 billion

Latest news: Sumitomo Electric delivers energy management system using batteries for on-site PPA service in Thailand.

UniEnergy Technologies

Established: 2012

Location: Mukilteo, Washington, USA

Company profile:
UniEnergy Technologies (UET) is known for its ReFlex batteries for 100 kW to 10 MW smart grids and renewable energy storage. Industrial grade batteries are flexible, resilient and safe. Key advantages of ReFlex batteries using UET: 1 GWh cycle capacity, compact and flood proof to 1.4m, no capacity fade, no risk of thermal runaway, non-flammable, seamless bypass, shipped charged and ready. UniEnergy Technologies is also one of the top 10 flow battery companies in the world.

Official website: https://www.uetechnologies.com/

Total market capitalization: $25million

VRB Energy

Established: 2018

Location: Vancouver, British Columbia, Canada

Company profile: VRB Energy, a world-renowned company in vanadium redox battery (VRB) technology, is majority-owned by I-Pulse subsidiary Ivanhoe Electric. VRB Energy is credited with developing the world’s longest-lasting vanadium flow battery. VRB Energy’s products are reliable, recyclable, safe and scalable.

And its products feature custom power ratings, non-toxic, non-flammable, 100% reusable liquid electrolytes, proven technology based on R&D lab systems operating over 1,000,000 hours, and scalable energy capacity. It is a member of top 10 flow battery companies in the world.

Official website: https://vrbenergy.com/

Total market capitalization: $24 million

Latest news: VRB Energy announces the signing of China’s largest solar cell agreement. Solar battery in China is developed rapidly nowadays and there are some outstanding companies. You can refer to our article of top 10 solar battery manufacturers in China.