Vanadium Flow Battery Developer Battery Energy Technology (Suzhou) Co. , Ltd Secures Angel Round Funding Led by Cowin Capital
Release Date:2024.01.16
Suzhou, China--i-Battery Energy Technology (Suzhou) Co. , Ltd ("IBTR") is delighted to announce that it has recently secured tens of millions of yuan in angel round funding, with Cowin Capital leading the investment.
The proceeds will be primarily allocated towards the development of core products and the construction of a state-of-the-art research and development center.
As a manufacturer specializing in vanadium flow batteries, IBTR is engaged in the study, promotion, and application of vanadium flow battery storage technology, aiming to emerge as a global leader in long-duration energy storage technology and products.
With a booming energy storage sector, new forms of energy storage are quickly advancing. Although lithium batteries remain a crucial role in the new energy batteries, the pursuit of greater power and capacity has shifted industry focus towards innovative battery technology. Positioned as a "dark horse", vanadium flow batteries present the most potential in long-duration energy storage.
Vanadium Redox flow batteries , also known as vanadium batteries, primarily utilize the valence changes of vanadium ions to facilitate the storage and release of electrical energy. These batteries offer numerous advantages including high safety levels, long cycle lifespan, and adaptable scalability, making them a prime choice for long-duration energy storage in applications where lithium batteries have traditionally dominated.
As an industry pioneer, IBTR leverages unique hybrid sealing technology and lightweight products featuring capacity recovery and structural optimization to continuously reduce operational costs, establishing a solid market competitiveness.
The cornerstone of IBTR's success is deeply rooted in the skills and diverse experiences of its founding team. Core members were mentored by Maria Skyllas-Kazacos, the esteemed inventor of flow batteries, and garner extensive
experience in flow battery development and manufacturing, along with an international perspective and broad market channels. The seasoned team, with an average of over 10 years of experience in flow battery research and manufacturing, is committed to developing products and new materials with proprietary intellectual property rights.
Capitalizing on their profound knowledge and expertise in the vanadium flow battery technology domain, IBTR is accelerating its market progression. The company has already established experienced sales teams in overseas markets, promoting its products through diversified channels, with several potential projects advancing smoothly. Within the domestic market, they have inked long-term strategic partnerships with large listed companies, rapidly
advancing gigawatt-level projects. For urban pilot projects, they rely on the superior performance and heightened safety standards of their products to address urban electricity issues.
Against the backdrop of the growing trend in long-duration energy storage, IBTR remains committed to deepening its engagement within the flow battery and energy storage sectors., further establishing manufacturing and sales centers both domestically and abroad. In the flow battery sector, the company will persist in advancing research, promotion, and application, further expanding capacity and reducing costs, rapidly propelling the research and development of next-generation products. In the energy storage sector, they are actively promoting the widespread application of vanadium batteries, aspiring to become a domestically and internationally leading and influential company.
About i-Battery Energy Technology (Suzhou) Co.,Ltd
i-Battery Energy Technology (Suzhou) Co. , Ltd is committed to being an innovator in long-duration energy storage technologies. We specialize in the R&D, promotion, and application of Vanadium Redox Flow Battery technologies. Our mission is to accelerate the country's transition to a new energy system dominated by renewable sources and to facilitate national energy structure transformation through the industrialization of long-duration energy storage technology. Our core team has strong technical capabilities, each with over a decade of rich experience in the field of long-duration energy storage, dedicating to the development and production of proprietary products and new materials. The company has continuously achieved breakthroughs and optimizations in the core technology of liquid flow batteries, establishing high technical barriers. Technical highlights include our unique cell stack design, independently developed electrolyte formula and preparation technology, as well as advanced engineering systems and IoT cloud platforms, etc. While continuously improving the quality and performance of energy storage products, we effectively reduce costs. In addition, we attach great importance to the integration of the entire industry chain, ensuring close cooperation from raw material procurement to production, to achieve large-scale, intelligent production of a new generation of energy storage products that are "long-duration, low-cost, extremely safe, and more flexible."
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