AQUABATTERY: Making Waves in Energy Storage
April 23, 2024, 3:32 pm
Location: Netherlands, South Holland, Leiderdorp
Employees: 11-50
Founded date: 2014
Total raised: $6.39M
AQUABATTERY, a Dutch startup making waves in long-term energy storage, recently secured a hefty €6M in Seed funding. Led by EIT InnoEnergy and supported by InnovationQuarter, Invest-NL, and others, this funding will fuel the company's mission to revolutionize the energy storage landscape.
Founded in 2014 by Jiajun Cen, Emil Goosen, Jan Post, and David Vermaas, AQUABATTERY aims to tackle the issue of mainstream battery waste and pollution. Their innovative Long Duration Energy Storage (LDES) flow battery technology uses table salt and water to store energy for durations exceeding six hours, a significant advancement in the field.
The company's flow battery charges with electricity from renewable sources like solar and wind, converting salt into safe chemical solutions that can be converted back to saltwater when needed. This sustainable approach to energy storage is a game-changer in the transition to a renewable grid.
Partnering with industry giant Statkraft, AQUABATTERY is set to deploy a pilot in Delft, the Netherlands, to test their technology in real-world conditions. This pilot, lasting six to twelve months, will showcase the potential of AQUABATTERY's innovative solution in a practical setting.
EIT InnoEnergy, a key player in driving sustainable innovation, has been instrumental in supporting AQUABATTERY's growth. With a focus on energy storage, transport, renewables, and more, InnoEnergy's backing underscores the potential impact of AQUABATTERY's technology on the energy landscape.
With this latest funding round, AQUABATTERY is poised to make a significant impact on the energy storage industry. By harnessing the power of saltwater and innovative technology, they are paving the way for a more sustainable and efficient energy future. Watch out for AQUABATTERY as they continue to make waves in the world of energy storage.
Founded in 2014 by Jiajun Cen, Emil Goosen, Jan Post, and David Vermaas, AQUABATTERY aims to tackle the issue of mainstream battery waste and pollution. Their innovative Long Duration Energy Storage (LDES) flow battery technology uses table salt and water to store energy for durations exceeding six hours, a significant advancement in the field.
The company's flow battery charges with electricity from renewable sources like solar and wind, converting salt into safe chemical solutions that can be converted back to saltwater when needed. This sustainable approach to energy storage is a game-changer in the transition to a renewable grid.
Partnering with industry giant Statkraft, AQUABATTERY is set to deploy a pilot in Delft, the Netherlands, to test their technology in real-world conditions. This pilot, lasting six to twelve months, will showcase the potential of AQUABATTERY's innovative solution in a practical setting.
EIT InnoEnergy, a key player in driving sustainable innovation, has been instrumental in supporting AQUABATTERY's growth. With a focus on energy storage, transport, renewables, and more, InnoEnergy's backing underscores the potential impact of AQUABATTERY's technology on the energy landscape.
With this latest funding round, AQUABATTERY is poised to make a significant impact on the energy storage industry. By harnessing the power of saltwater and innovative technology, they are paving the way for a more sustainable and efficient energy future. Watch out for AQUABATTERY as they continue to make waves in the world of energy storage.