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08 May 2009 12:05:09

US firm targets energy storage market with flow batteries



US firm targets energy storage market with flow batteries
A US start-up company has raised $30 million (£20 million) for the creation of a new energy storage solution which it says will be able to stock up wind and solar power.

California-based Deeya Energy claims that its 'L-Cell' redox flow batteries, which will see ramped up production thanks to the new financing, offer a new solution to the $46 billion (£31 billion) energy storage market.

Its Energy Storage Platform (ESP) is initially being rolled out in the Indian mobile tower industry, a sphere in which annual savings of over $1 billion (£665 billion) are expected.

Made from non-toxic parts, redox flow batteries store chemical energy in an electrolyte solution which is passed through a reactor to be converted into electricity.

They were first developed by Nasa in the 1970s and allow for bulk energy storage that is, according to the company, "economically and technologically" superior to conventional batteries.

Speaking to website GreentechMedia, the company's chief executive Izak Bencuya said that the flow batteries could eventually provide economical grid storage for wind and solar power, which is produced sporadically.

"For any kind of smart grid application, we feel we will be very competitive in costs," he said.

http://www.deeyaenergy.com/product/

ADNFCR-1235-ID-19159784-ADNFCR


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