Honeywell Sustainable Technology Solutions recently launched its new flow battery technology, which uses renewable energy sources to satisfy the rising demand for sustainable energy storage. This flow battery makes use of a safe and incombustible electrolyte that generates electricity from chemical energy before storing it for future use, while satisfying the safety, longevity and environmental objectives of different utilities. The company’s new technology affords extended duration and more flexibility to utility companies.
The flow battery technology stores energy that can be utilized when a location’s power grids are at capacity, when there’s a power outage or when solar and wind are absent. The battery has been designed using recyclable components and doesn’t degrade after being used for a long period of time. It can also discharge and store electricity for approximately 12 hours, which is significantly higher than the storage duration of li-ion batteries, which can only discharge for about four hours.
The company will be testing its new flow battery technology at the Emerging Technology Innovation Center, which is owned by Duke Energy. The center is located in Mount Holly, North Carolina. The company plans to deliver one battery unit to this Duke Energy facility by next year. It hopes that deploying the battery at scale will help boost the use of renewable energies such as wind and solar, while decreasing the utilization of the fossil-fuel powered plants that Duke Energy currently uses.
Duke Energy has in place a clean-energy strategy, with its objective being to decrease its carbon emissions by 50% by 2030. In the long term, the company hopes that by 2050, it will have achieved net-zero carbon emissions. Honeywell also has many short-term objectives, which include the deployment of a utility-scale pilot project in the year 2023.
Honeywell general manager and vice president Ben Owens stated that with its battery, the company had developed an energy storage technology that could meet the rising needs of the energy storage market better than the solutions currently available on the market. Owens added that more corporations and utilities looking for long-duration energy storage solutions and cost-effective options to fossil-fuel powered plants had begun to use renewable energy solutions that could help decrease carbon emissions.
The company’s flow battery can also be used in combination with its enterprise performance management solution known as Honeywell Forge to monitor activities remotely. Additionally, it can also be used with the Honeywell’s Experion PKS system, which is a unified system for asset, business and process management.
Honeywell joins the ranks of companies such as StorEn Technologies Inc. that are focused on coming up with more affordable and more reliable long-term battery energy storage chemistries.
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
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