Executives with Boston-based Vionx Energy have announced an ecosystem of companies to launch and commercialize a storage technology poised to transform how modern grids are managed and optimized.
The unique relationship brings together six global companies— United Technologies Corp. (UTC), Starwood Energy Group, Siemens, 3M, VantagePoint Capital Partners, and Jabil—to license, finance, manufacture and deploy the energy storage system.
The company’s unique technology, a vanadium flow storage system, was developed and engineered by researchers at UTC and is designed to make grid-scale battery technologies practical, resilient and cost efficient.
“With the support of an Advanced Research Projects Agency-Energy (ARPA-E*) award, UTRC has developed a differentiated flow battery that enables cost-effective and reliable energy storage solutions,” said Dr. David Parekh, vice president, Research, and director, United Technologies Research Center.
Vionx will market, sell, and service the technology, which is targeted to utility-scale applications in transmission and distribution, microgrid and island markets. Unlike other grid storage solutions such as lithium ion or lead acid, Vionx’s storage design boasts an in-situ process that maintains full storage capacity over a 20-year period. The result is a safe, long-running, affordable and flexible grid storage solution that provides utilities with added infrastructure resiliency and defers aging asset replacement costs.
“Recent changes to the energy system are creating completely new challenges for distribution grids,” said Dan Wishnick, Siemens Energy’s Sales and Business Development manager. “The modern grid requires robust energy storage solutions that can provide value to smart grid users, multiple hours a day, year after year. As the engineering, procurement and construction provider to Vionx Energy, we believe the company’s flow battery technology can and will provide valuable long-duration energy storage solutions for creating a balanced and resilient electrical grid. The collection of unique and prominent companies working with Vionx Energy is a testament to what Vionx’s technology can accomplish, and we’re excited to play a role in this new venture.”
The group is backed by a variety of energy finance heavyweights including Starwood Energy and VantagePoint Capital Partners, among others.
“The flow-battery system from Vionx reflects many years of concentrated design, testing and manufacturing expertise, as evidenced by the unique and highly qualified partners working with the company,” said Lee Burrows, managing director at VantagePoint Capital Partners, an early investor in Vionx Energy. “We are very pleased to be investors in Vionx and to witness the company emerging as an important leader in this critical and large-growth market.”
Vionx Energy has recently delivered a large-scale storage system to the U.S. Army at Fort Devens in Massachusetts and is poised to announce additional projects in the coming weeks.