ENABLING THE SHIFT TOWARDS THE ECONOMY OF … · •proprietary IP •an innovative design...
Transcript of ENABLING THE SHIFT TOWARDS THE ECONOMY OF … · •proprietary IP •an innovative design...
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ENABLING THE SHIFT TOWARDS THE ECONOMY OF ELECTRICITY
>>>
THE ENERGY OF THE 21ST CENTURY
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StorEn Technologies Inc.
Evolutionary Vanadium Flow Batteries (VFBs)
• proprietary IP
• an innovative design philosophy
We are financially-viable in several applications, such as
residential storage and power continuity e.g. telecom
towers
Incubated at the Clean Energy Business Incubator
Program (CEBIP) at Stony Brook University in Long Island,
NY
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Our Vision
Competitor focus on large grid-
scale container-sized batteries
(utilities, grid operators)
We focus on:
• Small, fully-integrated modules (like an appliance)
• To be volume-manufactured
• Plug-and-use
• Virtually maintenance-free
To take advantage of:
• Phasing-off of net metering to promote self-consumption
(tax credits, State subsidies, etc.…)
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Residential Storage
Energy storage in a private (or commercial building) for:
• Storing solar energy
• Energy price arbitration (dual rates)
• Power-back (one patent on this)
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The Lithium Proposition
Currently lithium batteries have been deployed for energy
storage projects, but:
• Cost of Li-ion increases linearly (no economies of scale)
• Loss of capacity over time
• High Depth of Discharge shorten life
• Fire & explosion - particularly manganese/cobalt (EVs)
• Low recyclability of metals (~6%)
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Case Study – Residential Storage
Tesla Powerwall™
• $6,600 @ 13.5kW
• $489/kWh (up in May 2108)
• Warranty: 10 years @ 70% capacity
• Cost/Cycle @ 100% capacity: $0.13
• Cost/Cycle @ 85% capacity: $0.16
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Our Solution
StorEn 5/30 Module
• $500/kWh (target)
• $15,000 @ 30kWh (2.2X Tesla)
• 25 years or 15K cycles with no decay over time
• Economies of scale (decoupling power/energy)
• 100% reusable/recyclable electrolyte (asset)
• Non flammable, non explosive electrolyte
• Target Cost/Cycle @ 100%: $0.03 (below ARPA-E 2018 DAYS Program Target)
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Conclusions
Lithium
is the ideal technology for power-intensive applications in
mobility such as EVs and mobile devices
but:
Vanadium
due to its long duration with no decay and economies of
scale is the winner technology for energy-intensivestationary applications
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Thermastable™
StorEn’s Proprietary Geothermal
Underground Design
• Efficient geothermal circuit
• Target +6% roundtrip efficiency
• Resilience in case of natural disasters
• Anti-theft and vandalism (ideal for
remote locations e.g. telco towers)
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Why Vanadium Flow?
A DEMONSTRATED TECHNOLOGY WITH PROVEN FUNDAMENTALS
• DURABLE > 25 YEARS OR 15,000 CYCLES
• NO DECAY IN CAPACITY OVER TIME, UNLIKE LITHIUM
• 100% RECYCLABLE, UNLIKE LITHIUM
• 100% REUSABLE ELECTROLYTE
• 100% EXTRACTABLE VANADIUM CONTENT
• ECONOMIES OF SCALE, FOR HIGHER C-RATE
with GREAT ROOM FOR TECH IMPROVEMENT & COST REDUCTION
• INCREASED POWER DENSITY > as a strategy to reduce stack cost
• INCREASED ENERGY DENSITY > as a strategy to reduce size
• IMPROVED COMPONENTS > higher performance e.g. electrodes
• BATTERY VOLUME MANUFACTURING > economies of scale
• COMPONENTS’ COST > breaking the NAFION™ monopoly
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Our IP
MULTIGRID™ (#PCT/US18/24414) > stack flow dynamic > 50% higher power
density leading to a reduction in Stack cost
RESAFE™ (#PCT/US18/24483) > Leak elimination system for reduced service
costs, hence lower TCOs
THERMASTABLE™ (#PCT/US18/24512) increased round-trip efficiency in harsh
climates
EQUILEVELS™ (#PCT/US18/24531) > Electrolyte rebalancing method for
reduced service costs, hence lower TCOs
FOUR INTERNATIONAL PCT FILINGS (priority from our four US Provisional Applications - March 27th, 2017)
plus OUR INDUSTRIAL SECRETS: • Electrolyte Formulation & process; Electrode Nano-Coating (HiPower)
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Traction
Validation I – completed at
Validation II – at the Advanced Energy
Research & Technology Centre at Stony
Brook University
co-financed by the NYSP2I in Rochester
& the Centre for Advanced Technology at
Stony Brook University.
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Vanadium Supply Secured
• November 2017 – MoU with Multicom, an Australian
mining company, with two Vanadium mines
• exclusive availability of vanadium for 10 years at price cap
or at market price, whichever is the lowest
• respective call option to acquire a minority equity interest
in each other
• Multicom to build a StorEn battery factory in Queensland,
for distribution in Asia
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Accolades – 2017 & 2018
Finalist at 2017 Columbia University Energy
Symposium in NYC
Finalist at the 76West Competition by 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
Selected for the 2018 ICCC by the Northeast
Clean Energy Council in New York City.
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Partnership
Stack DesignSystem Design
ChemistryDevelopment
Nano MaterialGraphene Additives
Incubation Validation Program
IP: Exclusive Rights in Case of Technology Transfer
Validation ProgramGraphene Additives
Innovative Membranes
BRIDGE ProgramEnvironmental Evaluation
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Follow us on:
www.twitter.com/StorenTech
www.linkedin.com/company/storen-technologies-inc
www.facebook.com/StorEnTech
Visit our website:
For information: