The battery storage industry is seeing advancements with the emergence of novel solutions. These new battery storage companies are leveraging emerging technologies to improve energy storage. Among these, membrane-less flow batteries provide a new scalable and efficient energy storage method. Sodium solid-state battery technology is being developed as a safer, more long-lasting alternative, addressing some traditional limitations. In addition, creating 3D Li-metal anodes is a step forward in energy density and battery performance. These companies not only improve the capabilities of battery storage systems but also serve a variety of industry applications.
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Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the battery storage industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Battery Storage Trends: Some of the major trends impacting the building materials industry are redox flow batteries, second-life electric vehicle (EV) batteries, lithium alternatives, solid-state batteries, and distributed storage systems.
- Battery Storage Industry Stats: The battery storage industry is composed of 17.5K+ companies. Over the past 5 years, 2K+ new companies have been established, with the average year of establishment being 2020. The sector has seen an average funding of USD 63 million per round. Further, the industry has maintained an average workforce size of 32 employees over the same span.
- 10 Top Battery Storage Companies to Watch:
- Unbound Potential – Membrane-less Flow Batteries
- Power Global – Advanced Energy-dense Designs
- Adena Power – Sustainable Sodium Solid-State Batteries
- Nala Energy – Water-based Zinc Bromide Module
- BASQUEVOLT – Solid-State Battery Technology
- Piersica – High Energy Density Batteries
- ZNL Energy – Green Technologies for Energy Storage
- Cactos – Automated Energy Storage Systems
- STABL Energy – Commercial Storage Technology
- Relyion – Stationary Battery Energy Storage
Meet 10 out of 2K+ Emerging Battery Storage Companies
In this section, we highlight 10 new battery storage companies that have a range of specializations, such as membrane-less flow batteries, sodium solid-state battery technology, 3D Li-metal anodes, and ZNL separators for lithium-ion and sodium batteries. These companies play a key role in enhancing battery lifespan and improving safety standards. Their work is applicable in various sectors, from electric vehicles to renewable energy storage, demonstrating the wide-ranging potential of battery storage solutions.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Unbound Potential
- Founding Year: 2023
- Employee Range: 2-10
- Location: Switzerland
- Signal Strength: Medium
- What they do: Unbound Potential manufactures membrane-less flow batteries. It solves intermittency problems of renewable energy production and the increased decentralization of the electric grid, by enabling affordable large-scale energy storage. These membrane-less flow batteries exhibit higher energy efficiency and longer lifespan due to the absence of membrane degradation. It also reduces the overall cost and complexity of the system, making it more accessible for widespread adoption. It helps SMEs with local photovoltaic production seeking optimization of their energy consumption and energy-sensitive businesses seeking a cheap, energy storage solution for backup power, EV fast-charging stations, and other electricity-related services.
2. Power Global
- Founding Year: 2019
- Employee Range: 11-50
- Location: United States
- Signal Strength: Very Strong
- What they do: Power Global offers gravimetric and volumetric energy-dense designs. Its deep cell science competence provides a longer range and more power. Its design features include individual cell fusing to mitigate thermal propagation events. Its battery management system detects faults to maintain safe operating conditions and ensure long-term performance. The stationary storage solutions support the development of low-cost fast-charging infrastructure for e-mobility applications. They are also useful in commercial applications like robotics, light motor vehicles, marine, and commercial vehicles.
3. Adena Power
- Founding Year: 2022
- Employee Range: 2-10
- Location: United States
- Signal Strength: Medium Strong
- What they do: Adena Power makes sustainable sodium solid-state batteries. It provides an energy storage alternative to Li-ion batteries that eliminates the risk of fire, providing a flexible duration, increasing reliability, and lowering installation costs. Its batteries deliver safer, longer-duration energy storage from sustainable domestic materials at a lesser cost. It advances sodium-aluminum battery technology for grid energy applications.
4. Nala Energy
- Founding Year: 2021
- Employee Range: 11-50
- Location: Germany
- Signal Strength: Medium
- What they do: Nala Energy provides Eos Z3, a water-based zinc bromide module. These Z3 electrodes are mechanically tough, corrosion-resistant, and chemically stable, allowing them to function for a longer duration. In addition, the bipolar structure simplifies the internal connections, which reduces internal resistance and improves the efficiency ratio (RTE). It provides an alternative to conventional lithium-ion and lead-acid technologies which is useful for stationary applications. These batteries find applications in medium to large storage capacities. It enables trading on regular markets, and the spot market, optimizing and preventing significant investments in power grids and grid connections to absorb fluctuations in energy supply and demand.
5. BASQUEVOLT
- Founding Year: 2022
- Employee Range: 51-100
- Location: Spain
- Signal Strength: Very Strong
- What they do: BASQUEVOLT develops a sustainable, solid-state battery technology using its proprietary composite electrolyte for electric vehicles, heavy transport, renewable energy, and electronic devices. This technology addresses the needs of the automotive and consumer electronics sectors by enabling more effective energy storage. Additionally, BASQUEVOLT’s product significantly contributes to renewable energy systems.
6. Piersica
- Founding Year: 2020
- Employee Range: 2-10
- Location: United States
- Signal Strength: Very Strong
- What they do: Piersica develops batteries that achieve higher energy density than existing lithium-ion batteries. It accomplishes this through the use of its lightweight polymer electrolyte and the enhancement of the lithium metal anode. Piersica develops a proprietary zero-thickness change lithium metal anode that enables better battery cycle life. Moreover, its fiber-based lithium metal anode design enables fast charging.
7. ZNL Energy
- Founding Year: 2022
- Employee Range: 2-10
- Location: Norway
- Signal Strength: Strong
- What they do: ZNL Energy specializes in advancing green technologies for sustainable energy storage solutions. It introduces the ZNL-Separator, a novel component enhancing lithium-ion and sodium batteries’ efficiency and safety. It also offers a complete zinc-ion battery cell designed for stationary energy storage. This technology supports large-scale manufacturing endeavors and industries requiring dependable energy storage systems, emphasizing renewable energy sectors. The company thus benefits sectors focused on reducing carbon footprints and enhancing energy storage efficiency.
8. Cactos
- Founding Year: 2021
- Employee Range: 11-50
- Location: Finland
- Signal Strength: Very Strong
- What they do: Cactos provides an energy storage system that works automatically in the background, whilst stabilizing electricity grids at the same time. The company has two energy storage models, the Cactos One Classic and Cactos One Cardo. Cactos One Classic utilizes functioning, recycled electric vehicle batteries for its construction, thereby minimizing its environmental impact. Cactos One Cardo is built from new LiFePo battery cells that exclude rare earth metals. It also offers Cactos Spine – its energy software through which property’s critical info like system status, consumption, and production data, is tracked in real-time via a dashboard. It is useful for small, local businesses, governmental entities, as well as industrial companies.
9. STABL Energy
- Founding Year: 2019
- Employee Range: 51-100
- Location: Germany
- Signal Strength: Very Strong
- What they do: STABL Energy develops a patented commercial storage technology that significantly enhances energy efficiency. This contributes to carbon footprint reduction during each storage cycle. Its inverter technology interconnects modules dynamically instead of interconnecting them statically. Its modular multilevel inverter approach simulates sine voltage by connecting the individual battery modules one after the other in series. The step voltage generated in this way is similar to the desired grid voltage. Beneficiaries of this product include commercial storage industries like manufacturing, hotels, agriculture, and sustainable companies.
10. Relyion
- Founding Year: 2021
- Employee Range: 2-10
- Location: United States
- Signal Strength: Very Strong
- What they do: Relyion enhances battery lifespan and performance with its stationary battery energy storage solutions for both new and repurposed batteries. Its BMS and algorithms extend the life of new batteries. The company uses more healthy packs instead of degraded packs. It offers backup and allows for demand reduction. Relyion’s energy storage solutions thus find applications in C&I microgrids, front-of-the-meter systems, PV firming, load shifting, EV fast charging, and microgrid islanding.
Quick Tip to Find New Battery Storage Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new battery storage companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying battery storage innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the battery storage industry. The platform keeps you informed with near real-time updates on emerging battery storage companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the battery storage sector, such as redox flow batteries, lithium alternatives, or solid-state batteries. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All Battery Storage Companies?
We’ve explored the dynamic landscape of the battery storage industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Energy Storage Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
