A €30 million investment will enable Arnhem-based electricity storage company Elestor to accelerate the commercialization of its hydrogen bromine flow battery. The growth strategy aims to achieve gigawatt-scale production capacity as soon as possible.
Norwegian energy giant Equinor led the investment round. Invest-NL, tank storage company Vopak, Somerset Capital Partners, and existing shareholders EIT InnoEnergy and Enfuro Ventures are also part of the investor consortium. The capital injection is “a confirmation of Elestor’s technology and operational strength,” says CEO Guido Dalessie. “We are ready to offer the type of renewable energy storage solutions the world eagerly waits for: Long Duration Energy Storage.”
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With a 30 million investment, Elestor aims to take its hydrogen bromine flow battery to GigaWatt-scale production
