Flow Battery Companies

The global flow battery market size is expected to grow from USD 0.34 billion in 2024 to USD 1.18 billion by 2030, at a CAGR of 23.0% from 2024 to 2030. The increasing use of mobile devices worldwide has resulted in a surge in the construction of telecommunication towers. These modern networks are interconnected globally, and with the recent introduction of 5G technology, the demand for towers is proliferating.The highest number of telecom tower deployments are observed in Asian countries, therefore, the increasing number of telecommunications tower installations is expected to stimulate the demand for flow batteries worldwide.

As of 2023, Invinity Energy Systems (UK), Sumitomo Electric Industries, Ltd. (Japan), VRB Energy (Canada), Enerox GmbH (Austria), Elestor (The Netherlands), ESS Tech, Inc. (US), Largo Inc. (Canada), Lockheed Martin Corporation (US), and Primus Power (US) are some of the notable players in this market.

To know about the assumptions considered for the study download the pdf brochure

Major Flow Battery Chip companies include:

• Infinite Energy Systems (UK)
• Sumitomo Electric Industries, Ltd. (Japan)
• VRB Energy (Canada)
• Enerox GmbH (Austria)
• Elestor (The Netherlands)
• ESS Tech, Inc. (US)
• Largo Inc. (Canada)
• Lockheed Martin Corporation (US)
• Primus Power (US)

Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd., a world-class manufacturer of optical fiber cables and electric wires. The company operates through five business segments—Automotive, Electronics, Info communications, Environment and Energy, Industrial Materials, and Others. It provides redox flow batteries via the environment and energy section. For over 20 years, since 2001, Sumitomo Electric is one of the pioneering companies in the field of redox flow battery technology and providing global solutions for power companies and industries. After performing successful economic evaluations, demonstration of microgrid applications and smart factory application testing the company has taken this technology to an advanced level. Lifespan, safety, and flexibility make its redox flow batteries ideally qualified for grid stabilization, helping fast-growing solar- and wind-power installations.

Invinity Energy Systems

One provider of flow battery systems to be used for energy storage solutions is Invinity Energy Systems. It is a global leader in vanadium flow battery solutions. Ours is a standardized, stationary, non-degrading energy storage system with vanadium flow batteries that provide a reliable, durable and low-cost performance life spanning 20–25 years. Invinity Energy Systems offers solutions to behind-the-meter energy storage projects, front-of- meter energy storage projects, solar microgrids, hybrid energy storage systems and off-grid (standalone) energy-storage systems used in industrial sites and commercial sites and also off-grid project (and stand-alone) applications. Its offers can be deployed either as stand-alone solutions, or in combination with renewable energy sources. The company focuses on water treatment and mining, logistics and public sectors.

Enerox GmbH

Enerox GmbH is one of the leading developers, manufacturers, and distributors of vanadium redox flow batteries. The company was originally known as Enerox GmbH. The product name, however has become so deep in their thinking that they are generally referred to as CellCube Inc. Redox flow batteries offered by this company include FB 500-2000, FB 250-1000, and FB 250-2000. These energy storage systems are integrated in the following applications: renewable baseload, peaker plant solutions, renewable energy integration, off-grid and microgrid storage, reserve capacity, and other use cases at industrial plants. So far, the company has installed over 130 vanadium flow batteries all over the world. It also provides solutions and services, which include turnkey solutions and operation & maintenance services.

ESS Tech, Inc.

ESS Tech, Inc. is an industry leader in designing, manufacturing, and selling energy storage systems. Its major business is in iron flow batteries, an energy storage technology that uses non-hazardous, fully recyclable, and non-toxic water-based substances. These flow batteries can be used for utility-scale, commercial, and industrial-grade applications as well as microgrids, DERMS, and virtual power plants. Moreover, the batteries have more than two decades of lifespan. Currently, ESS Tech, Inc., based in the US, has succeeded in forming partnerships and collaborating with various energy firms. The firm partners in Chile, Spain, Belgium, Slovakia and Australia. This means the geographical reach occurs in North America, Europe, and Asia Pacific.

VRB Energy

VRB Energy, an original equipment manufacturer, is developing and manufacturing vanadium redox flow batteries to meet the customer's needs for large-scale and long-duration storage systems. VRB Energy is primarily owned by Ivanhoe Electric, an exploration company specializing in metals, minerals, and sustainable technologies, contributing to the global shift toward renewable energy and urbanization needs. Its vanadium redox flow battery product portfolio includes VRB Energy's MW-Class and VRB Energy's KW-Class. The VRB Energy's MW-Class is deployed at commercial and residential sites; utility substations as peaker plant replacement; microgrids; and solar or wind farms.

Related Reports:

Flow Battery Market by Battery Type (Redox, Hybrid), Material (Vanadium, Zinc Bromine, Organic, All-iron, Hydrogen Bromine), Storage (Large Scale & Small Scale), Use Cases (Peak Capacity, Energy Shifting, Frequency Regulation) - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]