ABOUT
Our Vanadium Flow Battery Company Offers Cost-Effective Energy Storage
ABOUT US
StorEn has developed evolutionary vanadium flow batteries.
Incubated at the Clean Energy Business Incubator Program (CEBIP) within Stony Brook University in New York, we are building upon the strengths of vanadium flow batteries to revolutionize the world of residential and industrial energy storage. At StorEn, we strive to bring real proprietary innovation to Vanadium Flow Batteries capitalizing on years of demonstrated technical creativity and experience in the energy sector of our Technology Team.
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Our batteries 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, environmentally friendly batteries embedding our international patents.
StorEn Answers The Call For Long-Lasting, Sustainable and Economical, Energy Storage.
Enabling The Transitions To Renewables
This transition involves migrating from fossil fuel generation to renewable generation technologies such as solar and wind energy. Unlike fossil fuels, most renewable energy sources do not release carbon dioxide and other air pollutants into the atmosphere.
Let’s take a look at solar: The Solar Energy Industries Association (SEIA) confirmed that the number of residential solar installations in the United States surpassed 2 million in 2019. The milestone will see doubling installations in just three years. Wood Mackenzie, a prominent market analysis firm, expects the U.S. to reach 3 million residential solar installations in 2021 and 4 million in 2023.
While the majority of solar energy generation occurs between 11a.m. and 2p.m., consumption patterns are shifted in timing. Residential household energy consumption peaks after 5 pm. Residential solar batteries are necessary, as the sun goes down, particularly as net metering, the possibility to feed excess solar energy into the grid, is beginning to be phased out to promote self-consumption.
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The trend for wind energy in the US is as bullish. According to the American Wind Energy Association (AWEA), the American coast line could house 2,000 Gigawatts of off-shore wind, or nearly twice the nation’s current electricity demand.
The Bureau of Ocean Energy Management (BOEM) has estimated that 22,000MW of ocean energy could be built in the next 10 years along US coasts.
States including Maryland, New Jersey, New York, Connecticut, Rhode Island and Massachusetts have completed, to date, solicitations for over 17,000MW of offshore wind energy, and additional solicitations are planned for the near future. The industry is still at its infancy in the US but set to duplicate the tremendous successes of Northern Europe namely Scotland, Denmark and Germany.
But the implementation of solar and wind generation is impaired by the lack of cost-effective and long lasting energy storage due to sources that are intermittent by nature. For long duration storage applications, in excess of 2 hours, lithium batteries are not cost effective while vanadium flow batteries are the ideal choice!
Conserving The Planet's Resources
The reduction of greenhouse gases and emissions mitigation that was at the core of the 2016 Paris Agreement on Climate Change calls firstly for improved energy efficiency and the recovery of the generation currently wasted.
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In fact, electricity generation is geared on peak consumptions, but demand fluctuates during the day. Furthermore, in case of exceptional demand ramps, utilities typically rely on natural gas turbines to meet the peak power required in those few hours. However, peaker plants are expensive to run and environmentally dirty.
According to New York Public Service Commission (PSC), providing electricity for the top 100 hours of peak demand costs New York State ratepayers as much as $1.2-1.7 billion annually. Additionally, generation assets are widely underutilized in other points in time, as on average peak demand is 75% higher than base load (NY-BEST, 2016).
A more efficient use of energy generation from intermittent renewable sources is necessary, for example, by reducing the renewable energy curtailed because of lack of energy storage. Curtailing renewables has become a common practice and results in lost opportunities to generate all of the carbon-free power possible. California ISO reported that in 2017, at certain times, it is common to curtail between 20 and 30 percent of solar energy generation.
As the demand for electricity continues to grow, wastage is also growing. StorEn batteries can store unused electricity and replace peaker plants cost-effectively!
