skip to Main Content

Meet the startup building a sustainable alternative to Tesla’s Powerwall

A battery that doesn’t blow up, doesn’t use scarce rare earth metals, and can power your house for 20 years — is it possible? VoltStorage, a Munich-based startup, which just received €6m in VC funding, thinks it has the answer.

It is about the size of a small fridge and uses vanadium redox-flow technology to store energy, rather than the lithium-ion batteries that are used for powering laptops and electric cars. NASA is, in fact, exploring the same technology for future Mars missions, due to its long life, safety, and affordability.

VoltStorage, however, is concentrating on applications closer to home, namely, the market for home energy storage, particularly for people wanting to store solar energy.

“Millions of houses now have solar panels on the roof, so it makes sense to have a battery that can really make use of the energy these generate,” says Michael Peither, cofounder and chief technology officer of VoltStorage.

VoltStorage, founded in 2016, is among a new wave of startups focused on energy storage, alongside Switzerland’s Energy Vault, a gravity and kinetic energy-based storage startup, which raised $110m from SoftBank last year.

The information contained in this article and provided by XRG is sourced from third-party content in the public domain and is for general information purposes only, with no representation, guarantees of completeness, warranty of any kind, express or implied regarding the accuracy, adequacy, validity, availability, completeness, usefulness or timeliness of any information contained within. Please also excuse any syntax as authors and reposted articles are sourced from global origins. UNDER NO CIRCUMSTANCE SHALL WE HAVE LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THIS REPOSTED ARTICLE. THE USE OF THIS ARTICLE AND YOUR RELIANCE ON ANY INFORMATION CONTAINED HEREIN IS SOLELY AT YOUR OWN RISK. XRG ALSO ASSUMES NO RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS IN THE CONTENT OF THIS ARTICLE.

 

Back To Top