R.Flo develops Iron Flow Batteries that utilize iron salts in liquid electrolytes for long-duration energy storage, providing a safe and recyclable alternative to traditional lithium-ion batteries. This technology enables commercial and industrial users to reduce electricity costs by up to 25% while offering energy developers a 30% increase in internal rate of return (IRR) for their projects.
Funding
$27.1K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commercial and industrial energy users and energy developers face challenges in reducing electricity costs and improving project internal rates of return (IRR) due to the limitations of traditional energy storage solutions. Lithium-ion batteries, while widely used, pose safety risks, environmental concerns related to critical raw materials, and may not offer the lifespan required for long-duration energy storage applications.
Solution
R.Flo provides Iron Flow Batteries (IFB) that utilize iron salt liquid electrolytes for safe, long-duration energy storage, offering a recyclable alternative to lithium-ion technology. The IFB technology enables commercial and industrial users to reduce overall electricity costs by storing energy during off-peak hours and discharging during peak demand. For energy developers, R.Flo's solution increases the IRR of renewable energy projects by providing a dispatchable energy source that can balance grid loads and maximize revenue. The batteries are designed for a long lifespan with minimal degradation, and use abundant, non-toxic materials, ensuring a sustainable and reliable energy storage solution.
Target Audience
The primary target audience includes commercial and industrial (C&I) energy users seeking to reduce electricity costs, as well as renewable energy developers and utilities requiring long-duration energy storage solutions for grid balancing and increased project IRR.
Features
- Iron flow battery technology using iron salt liquid electrolytes
- Long lifespan of over 40,000 charge-discharge cycles, equivalent to approximately 50 years of use
- Non-flammable, non-explosive, and non-toxic chemistry for enhanced safety
- Fully recyclable electrolytes and abundant materials, promoting environmental sustainability
- Modular and scalable system design for easy integration into existing energy infrastructure
- Operates in a wide temperature range from -20 to +50°C without the need for air conditioning
- Patented rebalancing technology to maintain efficient operation over many years
- Remote monitoring and diagnostics for proactive maintenance and performance optimization