The corporate launched in the present day with $12 million in seed funding, boasting benefits over lithium-ion in efficiency, worth, operability in excessive climate and many years of use within the aerospace business.
In what has grow to be the summer season of battery storage, a brand new chemistry has entered the fray, with battery startup EnerVenue launching in the present day with $12 million in seed funding.
The corporate is betting on the success of metallic hydrogen batteries, particularly nickel-hydrogen batteries. This chemistry has confirmed to be an extremely highly effective vitality storage know-how for the aerospace business for fairly a while, however was at all times held again from better industrial success because of its excessive worth.
In accordance with Dr. Yi Cui, chief know-how advisor with EnerVenue, the corporate has been in a position to obtain commercialization through “a breakthrough aggressive worth utilizing new low-cost supplies.” The corporate was ready to do that by working with EEnotech, a startup that incubates and accelerates nanotechnology-driven options to, amongst different issues, grid-scale vitality storage.
That’s the important thing with the corporate: coming into the storage market particularly with metal-hydrogen batteries developed for large-scale renewable and storage functions.
Not like lithium-ion, the corporate claims that metal-hydrogen batteries excel working in circumstances of maximum warmth and excessive chilly. Particularly, the answer operates optimally from -40° to 140°F ambient temperatures. Due to this, the battery comes with no danger of fireplace or thermal runaway and likewise consists of no poisonous supplies, making it recyclable, an enormous tip in its favor, as recycling of supplies is barely going to develop in significance because the renewable vitality business grows and evolves.
EnerVenue claims that the corporate’s batteries have a greater than 30-year lifespan, can undergo greater than 30,000 cycles with out experiencing degradation and provide distinctive overcharge, overdischarge, and deep-cycle capabilities.
The corporate additionally claims cost-per-kilowatt-hour as little as a penny, in addition to capital expenditure prices that beat lithium-ion. The corporate stresses its use of low-cost supplies.
EnerVenue is seeking to develop large-scale renewable-plus storage functions, whether or not they be for utilities or huge industrial functions. To show the power of its batteries to excel in all climates, the corporate is particularly targeted on sizzling desert environments, and wind farms and microgrids in difficult-to-reach areas.