Alphen aan den Rijn-based Aquabattery has secured 6 million in funding. The start-up is working on a flow battery, which stores electricity using water and salt. This battery is considered an environmentally friendly and safe alternative to lithium- or other resource-based batteries.
The investment round was led by EIT InnoEnergy. InnovationQuarter, Invest-NL, Init Power and a collective of business angels also participated.
Why you need to know this:
The funding highlights the crucial role of innovative technologies in the transition to a green future.
Large-scale battery systems can typically store one to four hours of energy. The flow battery lasts longer. Aquabattery, born in the corridors of Delft University of Technology, stores energy in water, offering a safe and cheap solution. Most importantly, the system uses raw materials as available as water and table salt, avoiding dependence on other countries for the supply of lithium.
The future
The Dutch company plans to scale up the technology to 100 kW and 300 kW in the coming years. This year, the start-up will conduct a pilot project on the campus of water knowledge institute Deltares in Delft to validate the scale-up of the technology and the business case for solar-plus-battery storage.
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