Flow batteries help create a more stable grid and reduce grid congestion and fill renewable energy production shortfalls for asset owners. Global R&D is fueling the development of flow battery chemistry by significantly enabling higher energy density electrodes and also extending flow battery applications.
Typical flow battery chemistries include all vanadium, iron-chromium, zinc-bromine, zinc-cerium, and zinc-ion. A flow battery is an electrochemical cell that converts chemical energy into electrical energy as a result of ion exchange across an ion-selective membrane that separates two liquid electrolytes stored in separate tanks.
Iron flow batteries have a longer asset life than Li-ion batteries. Battery manufacturers are collaborating with utility companies to implement iron flow battery projects, aiming to replace diesel-fueled power generation with the more environmentally friendly flow battery system.
The flow battery market is expected to grow significantly as the share of renewables increases in the primary energy mix. Despite their higher CapEx cost compared to lithium-ion batteries, flow batteries are expected to be used extensively for both front-of-the-meter and behind-the-meter applications in the next several years.
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An Introduction to Flow BatteriesTop 10 Flow Battery CompaniesVanadium Redox Flow Battery vs. Iron Flow BatteryBlackridge Research & Consulting – Global Flow Battery Market ReportConclusionNow that we got to know flow batteries better, let us look at the top 10 flow battery companies (listed in alphabetical order):See more on blackridgeresearch batterymanufacturer
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