The EU recently awarded €4Million to the MELODY consortium, to develop low cost, innovative batteries for large-scale energy storage, as part of the Horizon 2020 program ‘Advanced Redox Flow Batteries for stationary energy storage’. EIT InnoEnergy venture Elestor is one of the project partners. Read More

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