Stolthaven Terminals and XL Batteries have signed a memorandum of understanding (MOU) for the development of a flow battery with industrial-scale electricity storage capability.
The partnership brings together XL Batteries’ expertise and innovations in flow battery technology and Stolthaven Terminals’ global presence in providing bulk liquid services.
A flow battery is an electrochemical energy storage device in which two chemical solutions are pumped on opposite sides of a conductive membrane. Ion transfer across the membrane allows electrical energy to be either stored or used. XL Batteries’ breakthrough chemistry provides a highly stable, efficient and sustainable solution at low cost.
As well as developing the technology, the companies will explore opportunities to apply it in the port and industrial sector. This…