StorEn Technologies Inc. Partnership Part of ‘New Era’ for Australia’s Battery Storage Industry

• The project allows researchers to test and develop safety standards for vanadium flow batteries
• StorEn provided 30kWhr battery through partnership Multicom Resources Limited
• Industry expert reports that a switch to vanadium batteries and other renewables could save the Australian industry more than $1.6 billion a year

StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, is involved in a project that could save Australia more than $1 billion a year (https://ibn.fm/2idBg). A key player in the project, Shay Chalmers, recently wrote about the “exciting collaboration” that focused on converting to vanadium flow batteries.

“We have entered a new era for Australia’s developing battery storage industry, thanks to an exciting collaboration and project I’m involved in,” Chalmers reported. “Led by Future Battery Industries CRC, with QUT, research partners, state and federal government, the project allows researchers to test and develop safety standards for vanadium flow batteries. This is being conducted at Freedom’s Vanadium Flow Battery Pilot Manufacturing plant, the National Battery Testing Centre. . . . The 30kWhr battery was provided by Multicom Resources Limited in partnership with StorEn Technologies Inc., based in the U.S., as part of the Australian Renewable Energy Agency (“ARENA”)-funded H2Xport project at QUT for use in their renewable hydrogen plant.”

Chalmers has been working with StorEn’s Australian partner Multicom Resources and a global team on the completion of a feasibility study regarding the construction of a StorEn manufacturing plant in Australia. The study will also examine the establishment of local manufacturing supply chains for the innovative vanadium batteries designed by StorEn. An engineering management professional with years of global experience in the manufacturing environment, Chalmers has held leadership roles in a steel mill in the United States and with Cook Medical in production, process engineering and project management.

“A switch to vanadium batteries and other renewables could save the Australian industry over $1.6 billion a year,” she continued. “We are excited to see the opportunities this project will bring to our local manufacturing community. Cutting-edge technology developments such as this highlight the benefits of university and industry collaboration. We can leverage this opportunity to create strong local supply chains through the manufacture of future energy components. With the strong government support, now is the time to collaborate and get these types of projects across the line.”

StorEn Technologies has developed evolutionary vanadium flow batteries. Incubated at the Clean Energy Business Incubator Program (“CEBIP”) within Stony Brook University in New York, the company is building upon the strengths of vanadium flow batteries to revolutionize the world of residential and industrial energy storage. In part, StorEn’s technology has enhanced the electrical efficiency of the stack and energy density of the electrolyte and module, ultimately reducing costs and improving performance.

The company produces products with a battery life of 25 years and more than 15K cycles. That company takes pride in offering batteries that meet consumers demand for efficient, durable and cost-effective energy storage, enabling self-consumption of self-produced electricity and the transition toward a carbon-free economy.

For more information, visit the company’s website at www.StorEn.tech.

NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies are available in the company’s newsroom at https://ibn.fm/StorEn

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