The startup manufactures components for redox flow batteries that utilize two tanks for energy storage, enabling efficient charging and discharging in modular stacks. This technology provides a cost-effective solution for electricity storage, making it more accessible for various applications.
Funding
$4.5M 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
Grid-scale electricity storage is expensive, which limits the adoption of renewable energy sources and distributed power architectures. Existing battery technologies often rely on costly materials and manufacturing processes, creating a barrier to widespread deployment.
Solution
Vanevo manufactures redox flow battery stacks and modules designed to reduce the levelized cost of storage. Their patented stack design uses fewer parts and adhesive bonding instead of compression, which simplifies manufacturing and lowers material costs. These stacks are integrated into standardized modules that include tanks, plumbing, sensors, and battery management software, creating an easy-to-integrate energy storage solution. Vanevo's modular approach allows for flexible scaling of energy capacity and power output, making it suitable for long-duration energy storage applications.
Target Audience
Vanevo's primary customers are system integrators, wind and solar farm operators, and grid operators seeking cost-effective, long-duration energy storage solutions.
Features
- Patented stack design using adhesive bonding for simplified manufacturing and reduced component count
- Standardized 10 kW / 40 kWh modules for easy integration
- Modular design allows independent scaling of power and capacity
- Compatible with various electrolyte chemistries, including vanadium and other metals
- Aqueous electrolytes are non-flammable, enabling high-density installations
- Long cycle life (over 15,000 cycles) for reduced cost per cycle
- Recyclable materials for environmentally friendly disposal