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3. Flow Battery Companies - Sumitomo Electric Industries, Ltd. (Japan), Invinity Energy Systems (UK), are the Key Players

The global Flow Battery Market Size is expected to grow from USD 289 million in 2023 to USD 805 million by 2028, at a CAGR of 22.8 % from 2023 to 2028. A flow battery is a type of rechargeable battery, mainly used for stationary applications. The chemical energy is provided by two chemical components dissolved in liquids contained in the system, separated by a membrane. Flow batteries hold a significant potential attributed to their high efficiency, long cycle life, and power & energy independent sizing. In addition, the growing adoption of flow batteries in the utilities, commercial & industrial, and residential applications is responsible for the market’s growth. Different types of flow batteries have been developed over the years; however, most of them are in the construction or pilot stage.

Major Flow Battery Companies Include:

• Sumitomo Electric Industries, Ltd. (Japan),
• VRB Energy (Canada),
• Enerox GmbH (Austria),
• ViZn Energy Systems (US),
• Invinity Energy Systems (UK),
• Redflow Limited (Australia),
• Jenabatteries GmbH (Germany),
• Primus Power Solutions (US),
• ESS Inc. (US).

To know about the assumptions considered for the study download the pdf brochure

Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd. is one of the leading players in the global flow battery market. The company operates through five business segments: Automotive, Electronics, Infocommunications, Environment and Energy, Industrial Materials, and others.  It offers redox flow batteries through its Environment and Energy segment. These redox flow batteries are ideal for power grid systems and are well known for their safety features, long life, and operation in flexible working environments. The company offers various other products through its Environment and Energy segment, which include electric conductors, power transmission wires, cables, and equipment, magnet wires, air cushions for railroad vehicles, power system equipment like substation equipment and control systems, charged beam equipment and processing, electrical and power supply work, engineering services, and porous metals.

Invinity Energy Systems

Invinity Energy Systems is one of the key companies that offers flow battery systems as energy storage solutions. The vanadium flow batteries offered by the company are standardized, stationary non-degrading energy storage systems well known for delivering reliable, durable, and low-cost performance with a longer lifetime of 20–25 years. Invinity Energy Systems provides solutions for behind-the-meter energy storage projects, front-of-meter energy storage projects, solar microgrids, hybrid energy storage systems, off-grid energy storage systems that find applications at industrial and commercial sites, and off-grid projects. The solutions offered by the company can either be used standalone or alongside renewable energy sources. The company majorly serves the water treatment and mining industries, logistics and public sectors, manufacturing facilities, distribution centers, data centers, and others.

Redflow Limited

Redflow Limited is one of the leading companies in designing and manufacturing zinc bromine batteries as energy storage systems. The batteries offered by the company have scalability ranging from tens of kilowatt hours to hundreds of megawatt hours. The battery is designed to withstand extreme conditions that can efficiently work within a temperature range of 10 to 45 degrees Celsius without additional cooling or heating, ensuring minimal degradation over time. Redflow Limited caters its zinc bromine batteries to the utilities, industrial, commercial, grid-scale, and telecommunication sectors. These zinc bromine batteries are perfectly suited for a green era as they allow the use of renewable sources of energy, such as solar energy, and help to lower the power costs and deliver 10 kWh of energy with a 10-year warranty. The company is headquartered in Australia and serves the Asia Pacific and North America region.

Related Reports:

Flow Battery Market by Battery Type (Redox, Hybrid), Material (Vanadium, Zinc Bromine, Organic, Iron), Storage (Large-scale, Small-scale), Application (Utilities, Commercial & Industrial, EV Charging Stations) and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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