RedoxBlox Receives $25M to Exhibit Pioneering Lengthy-Period Power Storage Expertise
Cleantech San Diego member and Southern California Power Innovation Community (SCEIN) firm RedoxBlox, a pacesetter in vitality storage options, was awarded $8.9M from the California Power Fee (CEC) and $6.7M from the U.S. Division of Power (DOE). These grants observe the corporate’s $9.4M Sequence A financing led by Khosla Ventures for a complete of $25 million to assist demonstrations of RedoxBlox’s cutting-edge thermochemical vitality storage (TCES) know-how, which delivers zero-carbon electrical energy and warmth.
RedoxBlox is on the forefront of high-temperature TCES techniques with a mission to decarbonize two crucial areas of the financial system: industrial warmth and renewable vitality storage for the grid. The corporate’s progressive high-temperature thermochemical battery boasts vitality densities corresponding to lithium-ion batteries at a fraction of the associated fee. This development permits electrification of business warmth for the difficult-to-decarbonize sectors together with – cement, metal, meals and beverage, refining and chemical compounds manufacturing. It additionally permits extra renewable electrical energy sources equivalent to photo voltaic and wind to come back onto {the electrical} grid by way of ultra-low-cost vitality storage.
RedoxBlox’s Co-Founder and CTO, Dr. Joerg Petrasch, mentioned, “Our purpose is easy: use electrification and thermochemical vitality storage to compete as a zero-carbon alternative for pure gasoline. We’ve confirmed the science. Our focus now could be to scale as much as commercially related sizes. Funding from the DOE and CEC throughout two giant markets and the partnerships with our prospects throughout a number of industrial sectors are key enablers.”
In partnership with UC San Diego and the Electrical Energy Analysis Institute (EPRI), the CEC chosen RedoxBlox to pioneer long-duration vitality storage options. Hosted by UCSD, the undertaking will leverage RedoxBlox’s know-how to energy a turbogenerator, offering as much as 24 hours of vitality storage capability.
Equally, the DOE’s Industrial Effectivity and Decarbonization Workplace chosen RedoxBlox for a first-of-its-kind, industrial-scale TCES, performed in partnership with Dow and EPRI. This utility will showcase the decarbonization of business steam on the Dow West Virginia plant by way of electrification utilizing long-duration TCES. Each tasks mark a pivotal step in the direction of the decarbonization of business warmth and grid storage at scale.
The RedoxBlox storage module contains a vessel full of a proprietary and abundantly accessible, low-cost metallic oxide materials. To cost, renewable electrical energy heats the metallic oxide pellets from 1000-1500°C, triggering a chemical response that releases oxygen and shops warmth within the type of chemical vitality. Later, when saved vitality is required, air is directed by way of the module and the metallic oxide consumes oxygen to reverse the response and launch warmth to the air. Scorching air from the RedoxBlox module can then ship warmth to an array of business processes or to a gasoline turbine to generate electrical energy, thus serving as a drop-in alternative for pure gasoline. RedoxBlox is uniquely positioned to make use of the prevailing, large pure gas-powered industrial infrastructure and substitute pure gasoline with renewables-based warmth – permitting important discount in capital wants for deployment of RedoxBlox know-how for each industrial warmth and grid storage.
Along with Khosla Ventures, RedoxBlox is backed by prime local weather know-how corporations, together with Breakthrough Power Ventures (BEV). BEV led the corporate’s Seed spherical and took part in its Sequence A fundraise.
“The RedoxBlox TCES know-how is a promising discovery in supplies science and vitality storage know-how,” mentioned Carmichael Roberts, BEV. “Paired with renewable vitality sources, this know-how goals to be value aggressive with pure gasoline for industrial warmth purposes. We’re wanting ahead to persevering with to assist the RedoxBlox staff as they develop a less expensive, zero-carbon different to pure gasoline.”
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