Bringing High-Performance Battery Technology Into The 21st Century

Today's energy storage systems often underperform, especially those using lithium-ion batteries, which have a limited lifespan and are expensive to replace. 

At StorEn Tech, we aim to lead the way in energy storage technology with Vanadium Flow Batteries so that you can better store energy from your solar panels or other renewable energy sources.

Vanadium flow batteries have proven to be safer, more reliable, and longer-lasting than lithium-ion batteries. With a battery life of 25 years and more than 15,000 cycles, we believe our batteries satisfy the market demand for efficient, durable and cost-effective energy storage, enabling self-consumption of self-produced electricity and the transition toward a carbon-free economy. Our research in this industry has led to 4 international PCT patents and 5 trademarks to date.

Our residential batteries charge using electricity generated from solar panels. When the sun goes down, our batteries use the solar energy accumulated throughout the day to power the home through the evening and night. Residential batteries also recharge when electricity rates are low, and use that energy later, when rates are higher. Our anticipated residential battery to be cost-effective, easy to install and environmentally-friendly. StorEn Technologies’ systems offer households an energy addition to a solar system and the utility grid.

We are a proud member of the South Carolina Tech Hub. The SC Nexus for Advanced Resilient Energy (SC Nexus), led by the South Carolina Department of Commerce, aims to be a global leader in advanced energy by developing, testing, and deploying exportable electricity technologies. This Tech Hub will leverage the region’s dynamic and growing manufacturing base, superior research capabilities, and demonstrated record of public-private collaboration to innovate and commercialize emerging energy storage materials and manufacturing techniques, including a demonstrative microgrid implementation that integrates renewable energy and storage into the state’s electricity systems. In doing so, SC Nexus seeks to strengthen domestic manufacturing and national energy security while developing exportable, high-demand products and tools critical to the advanced energy supply chain.

The heart of any flow battery is the cell stack, which converts chemical energy into electrical power. Historically, cell stacks have been large and heavy, limiting flow batteries to grid-scale applications. 

Our team at StorEn Tech has managed to reduce the size of our cell stack by over 50%. According to our research, our stack utilizes less material and delivers more electrolyte into electrical power per square centimeter compared to any other flow battery currently available on the market. 

Join StorEn Technologies and let's change the way we power our homes, our businesses, and the world.

Sustainable Energy Storage That Outperforms Lithium

Our residential batteries charge using electricity generated from solar panels. When the sun goes down, our batteries use the solar energy accumulated throughout the day to power the home through the evening and night. Residential batteries also recharge when electricity rates are low, and use that energy later, when rates are higher. We anticipate our residential battery to be cost-effective, easy to install and environmentally-friendly. StorEn Technologies’ systems offer households an energy addition to a solar system and the utility grid.

Unlike Lithium and Lead Acid Batteries, StorEn Vanadium Flow Batteries are:

• Eco-friendly: 100% recyclable, 100% reusable electrolyte, low GHGs emissions, non-pollutant, and reduce mining!
• Safe: Non-flammable, non-explosive
• Cost Effective: Cost/kWh comparable to lithium batteries but Cost/Cycle up to four times lower than lithium batteries, thanks to exceptional duration of 25 years or 15,000K cycles
• Efficient: +35% in energy storage with the same volume, +5% Round-Trip efficiency in harsh climate thanks to our proprietary THERMASTABLE™ geothermal design, and virtually maintenance-free thanks to our proprietary RESAFE™ and EQUILEVELS™ technologies

A Greener Solution That We Believe Outperforms the Competition

A StoreEn battery module works in synergy with the solar system. During the day, your solar panels will capture energy from the sun. This energy charged the battery while simultaneously powering a home or office. Then, as day turns to night, the battery takes over, providing green energy consistently, and maximizing your solar system dependability.

In addition to its solar storage capabilities, the StorEn battery, in locations with dual rates, can power the grid at night when electricity prices are low. By using battery power during peak electricity times, clients can potentially lower their utility bills. Our customers can safeguard the environment while saving money! Additionally, in the event of an emergency, the StorEn battery guarantees continuity to your home and vital devices such as telecommunication, lighting, refrigeration, and heating and ventilation systems. Finally, StorEn delivers additional resilience in case of a natural disaster.

Our batteries are modular. Our residential battery can be configured in either 20kWh or 30kWh versions sharing the same Power Module. Our customers will only pay for the energy capacity they really need! Additional models can be connected together for maximum flexibility.

The Business Model

Tax Credits Make Residential Storage Even More Appealing

In 2022, the Inflation Reduction Act became law. The IRA makes energy storage property eligible for a 30% ITC, which also extends solar and wind tax credits for another 10 years. This allows renewable energy developers to choose between investment tax credits based on installation costs and production tax credits based on power generation.

In addition to the Federal Investment Tax Credit, additional State credits may reduce the cost of an energy storage system. Although energy storage is a relatively young industry, a growing number of states and municipalities will support the installation of solar-powered batteries to accelerate the transition to renewables and the reduction of GHG emissions. Please check with your state for further tax credit information. 

Bringing Next-Gen Batteries to the Renewable Energy Market

The global renewable energy market was valued at $881.7 billion in 2020 and is projected to reach approximately $2 trillion by 2030, growing at a CAGR of 8.4% from 2021 to 2028 (Source). 26 million homes in the U.S. currently rely on solar power. But the overwhelming use of lithium-ion batteries has shown to have serious flaws and notoriously short lifespans (Source).

*Source

This is not just an idea, we are building our first systems:

• Systems are being built today for our Investor Purchase Program participants.
• Trial Systems in the Telecom Industry expected to be delivered in early 2024
• Four (4) patents at the PCT National Phase, securing our innovative IP Internationally
• Our technology was independently validated by the New York State Pollution Prevention Institute
• Over $8 million invested in R&D to date
• Over $109 million invested from 8,000+ investors
• Founding team's 3rd energy start-up
• Currently building containerized systems for microgrids and utilities

A Note from StorEn's CEO, John Davis

To Our Prospective Investors,

It is an exciting time as StorEn! Last year, we completed our fourth successful Regulation Crowdfunding campaign on StartEngine, raising the maximum of $10.9 million from thousands of investors that share our passion for technology and the environment and are willing to contribute to higher causes.

The funds raised allowed us to hit several additional milestones, further advancing our development! Therefore, I would first like to thank our community for the additional support and those who invested in StorEn in our first campaign in 2018 as well as our three subsequent campaigns.

Following the successful independent validation of our prototype installed at the Advanced Energy Center at Stony Brook University in 2019 performed by the New York State Pollution Prevention Institute (NYSP2I) in Rochester in NYS, we continued to improve the design of our system. In January 2020, we delivered our first battery to Australia. The first one of an order worth up to $500,000.

In 2020, following an Award from the Empire State Development's Division of Science, Technology and Innovation (NYSTAR), we started an R&D program with Cornell University on innovative components. This work, in addition to the ongoing NYSERDA-funded R&D program with Rensselaer Polytechnic Institute and University of Illinois in Chicago, allowed us to explore technological improvements that will be the foundation of our future generations of batteries. 

With the funds raised, we also entered the National Phase of the PCT (WIPO in Geneva, Switzerland) process. Thus, we selectively and successfully extended our four patents in several regions and countries, including the USA, European Union, South Africa, Brazil, Israel, Japan, India, China, Australia, Korea, Indonesia and many others, covering approximately 90% of the world population.

We are now asking our community and those who would like to join us, to support us in the next phase of our journey, our next CF offering.

Please help us build a successful business. The funds we raise will help us tool up our manufacturing facility and begin building and shipping what we believe to be the world's first Vanadium Flow Battery based Residential Energy Storage System.

Together, we can make StorEn a success while accomplishing our incredible missions.

Help us do well while doing good. Support StorEn!

Sincerely yours,

John Davis, CEO

StorEn Technologies Inc.