LITTLETON, Colo. - ITN Energy Systems has been awarded $1.725 million in funding from the U.S. Department of Energy's Advanced Research Projects Agency-Energy to develop an Advanced Redox Flow Battery in collaboration with the University of Kentucky. This new battery technology will dramatically lower costs for grid-scale power systems and provide affordable energy storage options for small commercial and residential customers.
The flow battery model is an excellent fit for solar and wind power plants, according to the company, because the battery capacity can be increased simply by adding additional electrolyte. Such batteries can store excess energy generated when the sun shines or the wind blows, and then return electricity to the grid for use at night, or whenever no power is being generated. ITN's innovation integrates a unique low-cost membrane with new flow battery electrolyte chemistry to significantly increase efficiency and affordability.
