Elestor has introduced an innovative electricity storage technology for large scale stationary applications, based on flow battery, reducing the electricity storage costs are to an absolute minimum. Low-cost active materials are used, combined with a patented system design and easy to manufacture, compact cells. This triple cost reduction strategy enables viable business cases, essential to stimulate the adoption of electricity storage and thus to accelerate the energy transition.
The technology has the potential to replace fossil power plants at GWh scale and has all the properties to become the equivalent in large-scale, long duration electricity storage of what Lithium ion is today for mobility.
The Elestor technology is 100% modular and any desired MW/MWh combination can be designed, enabling very cost-effective bridging of long periods during which hardly renewable electricity is generated.
A unique feature is that the Elestor technology can be integrated in H2 infrastructures and electrolysers, resulting in largely reduced production costs for green hydrogen.
Elestor was granted the 'Offshore Wind Innovators Award 2022', juried by Vattenfall, Green Giraffe and the Technical University of Delft.
Fuelled by a recent Series A investment of 30M€, in a round led by Equinor with also Vopak joining the investors team, as well as by agreements with clients strategically adopting its innovative storage technology, Elestor has embarked on an ultra-rapid growth path.