Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

What's on the Energy Storage Market Beside Lithium-ion Batteries? (Part 2)


October 19, 2020 ( Newswire) In the first part of this series of articles, an overview of the flow batteries characteristics has been provided, extrapolated from IDTechEx's recent report “Redox Flow Battery 2020-2030: Forecast, Challenges, Opportunities”. In this second article, a more detailed analysis about the different chemistries will show the main RFB technologies currently available or under development, beginning with the most adopted and investigated Redox Flow Batteries (RFB), the Vanadium Redox Flow Batteries (VRFB).

Initially studied by NASA, and further developed in 1980's by the research group led by Maria Skyllas-Kazacos at New South Wales in Australia, the Vanadium redox flow battery (VRFB) are today the most studied and manufactured technology within the redox flow battery technology. Besides different type of RFBs, the vanadium technology (and similarly the All-Iron RFB) employs the same electroactive species (vanadium) in both electrolytes, with different oxidation states. The following reactions take place during charge and discharge of VRFBs:

Figure 1. Right Side - Chemical reaction taking place at the anode, and cathode interface. Left Side - Different colours of the Vanadium electrolyte due to the different oxidation states.

The low round-trip efficiency and the high cost of vanadium (directly affecting the cost of electrolyte) are two of the main VRFBs' drawbacks. The electrolyte alone accounts for 30% to 40% of the overall technology cost. To reduce the effect of vanadium cost on the overall system, an increasing number of companies started collaborations with vanadium mining companies. The aim of the collaborations is to improve the vanadium electrolyte performances by increasing the vanadium concentration (moles of Vanadium per litre of electrolyte). This would allow reaching the higher energy density of the battery, and the reducing of the cost.

According to the investigation conducted by IDTechEx, it was clear that some mining companies themself are interested in the VRFB technology. This is the case for the South African mining company Bushveld Minerals. Bushveld Minerals is in fact, actively promoting the adoption of vanadium flow battery all over Africa. Outside of the African countries, Bushveld backed the merge between two VRFBs manufacturers (the English redT and the American Avalon Battery), and in 2019 announced to acquired a consistent share of Enerox-CellCube, previously known as Gildemeister AG.

Although the Vanadium technology dominated the flow battery scenario, over the last years a growing number of other redox flow batteries are populating the market.

Zinc-Bromine Redox Flow Batteries (ZBB):

Besides the Vanadium flow batteries, the zinc-bromine technology is the second in the rank of adopted technologies.

Technically different from a VRFB, the ZBB are based on a solid zinc electrode and a liquid bromine electrolyte, which gives to this technology a higher energy density than VRFBs.

With the Australian Redflow and the America Primus power dominating the scenario, this technology is slowly (but not too slowly) acquiring its share of the flow battery market.

All-Iron Redox Flow Batteries (Fe-RFB):

Developed by the American company ESS Inc., the promising all-iron RFB is characterised by the use of the iron as electroactive species in both electrolytes (catholyte and anolyte). The low-cost iron electrolyte brings large advantage in terms of cost; although other limitations, such hydrogen evolution, affect these kinds of battery.

Organic Redox Flow Batteries (ORFB):

Another type of flow battery present on the scene are the organic flow batteries, technically similar to a VRFB, but employing an organic electrolyte.

While the vanadium flow batteries employs an inorganic electrolyte, based on vanadium salts, the ORFB - or sometime called 'Metal-free Flow Battery' - are based on organic electrolytes such as quinone, pyridine or 'TEMPO' (2,2,6,6-tetramethyl-1-piperidinyloxy) molecules.

Although approaching the market, different companies are developing these kind of flow batteries, including the German Jena Batteries, and the French Kemiwatt among others.

In addition, the HIGREEW European projects is currently ongoing for the development of ORFB.

Other Flow Battery Chemistry:

Already on the scene for a few years, the hydrogen-bromine flow battery is one of the future redox flow battery approaching the market. Behind the development of this technology the Dutch company Elestor, which in 2019 received a multi-million investment from the Dutch conglomerate Koolen Industries, in addition to the EIT Innoenergy, already an early investor in Elestor. Moreover, the company is involved in the European MELODY project, related to the development of a sustainable redox flow battery technology that can effectively reduce the costs of electricity storage to support large-scale.

The increasing number of redox flow battery chemistry are increasing the competition, besides the interest in this technology. As highlighted in the IDTechEx report, a CAGR of ca. 30% is expected in the next 10 years, although the increasing adoption of renewable energies and green policies towa rd the reduction of pollutants, might bring a larger adoption of this technology.

For more information on this Redox Flow Battery market report, please visit or for the full portfolio of Energy Storage research available from IDTechEx please visit

IDTechEx guides your strategic business decisions through its Research, Consultancy and Subscription products, helping you profit from emerging technologies. For more information, contact or visit

Media Contact:

Natalie Moreton
Digital Marketing Manager
+44(0)1223 812300

Image Download:

Social Media Links:




More Info:

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

Buy a renewable energy guest post on