Market News
Recent Developments
New product launches
- , which is said to be more stable and efficient than previous generations. The electrolyte is designed for use in flow vanadium batteries, which are a type of energy storage system that is used for large-scale applications such as grid balancing and renewable energy integration.
- US Vanadium announced the launch of its new vanadium electrolyte, which is said to be the first of its kind to be produced in the United States. The electrolyte is made from domestically-sourced vanadium, which the company says will help to reduce the environmental impact of vanadium flow batteries.
- announced the launch of its new vanadium electrolyte, which is said to be more durable and have a longer lifespan than previous generations. The electrolyte is designed for use in a variety of applications, including flow vanadium batteries, static vanadium batteries, and vanadium redox flow capacitors.
Acquisition and partnerships
- In 2022, VRB Energy acquired Nanotech Energy, a developer of vanadium redox flow battery (VRFB) technology. This acquisition gave VRB Energy access to Nanotech Energy\'s proprietary vanadium electrolyte technology, which is said to be more stable and efficient than traditional VRFB electrolytes.
- In 2021, Sumitomo Electric Industries acquired Fluidic Energy, a developer of VRFB technology. This acquisition gave Sumitomo Electric Industries access to Fluidic Energy\'s vanadium electrolyte technology, which is said to be more scalable and cost-effective than traditional VRFB electrolytes.
- In 2020, EnerVault partnered with Johnson Matthey to develop vanadium electrolyte technology for VRFBs. This partnership is expected to help EnerVault develop more efficient and cost-effective VRFBs.
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