Business Creation

Koolen Industries invests in hydrogen bromine flow battery maker Elestor

Koolen Industries has signed the agreement for a multi-million investment in the electricity storage company Elestor BV. After years of research and development, Elestor is at the verge of introducing its revolutionary hydrogen bromine flow battery to the market. This technology is a next step in low cost electricity storage at scale. In addition, EIT InnoEnergy, early day investor of Elestor, co-invested in this round and increased their invested capital considerably. Read More