The Facility for Low Carbon Technology Deployment (FLCTD) Innovation Challenge.is organised by Customized Energy Solutions (CES) , an energy consulting and software company providing solutions in electricity markets and emerging technologies in partnership with United Nations Industrial Development (UNIDO), India’s Bureau of Energy Efficiency and Global Environment Facility.
The win is a recognition of our innovative solution for EV charging with our Vanadium Redox Flow batteries that will play a role in India’s transition towards green mobility and shift to using Cleantech solutions for energy storage.
Using our proprietary IP, we have developed the cheapest and most scalable Vanadium redox flow batteries that works through the continuous reduction and oxidation reaction between the vanadium redox couples with no detrimental issues with the cross-mixing of the redox couples. Due to the unique set-up, vanadium electrolytes have little degradation and the battery provides stable performance over a long duration.
Globally, energy storage and e-mobility sectors are dominated by large legacy companies, but the Indian market is witnessing a different trend as the government has firmed up schemes to incentivise companies to develop solutions to accelerate decarbonisation for the automobile industry.
Dr Avishek Kumar, Co-founder and CEO of VFlowTech shares his thoughts on the win, “Our team in India has worked hard to win FLCTD’s 2021 Innovation Challenge for the “Electrical Energy Storage ” category. We are excited to enter into 2022 with a $50,000 grant and this prestigious recognition from the Bureau of Energy Efficiency, UNIDO and India Energy Storage Alliance for our Vanadium redox flow energy storage technology. We will continue to unlock the potential of renewables and will be embarking on a pilot project in India together with Hindustan Petroleum Corporation Limited (HPCL) to develop new solutions to drive the clean energy transition for EV charging.”
State-owned Hindustan Petroleum Corporation Ltd (HPCL) has set ambitious targets to install 5,000 electric vehicle (EV) charging stations over the next three years,
For more details on why our Vanadium redox flow batteries can support the transformation of the EV charging infrastructure, please read here.