{"id":7516,"date":"2018-05-28T09:30:13","date_gmt":"2018-05-28T08:30:13","guid":{"rendered":"https:\/\/engineernewsnetwork.com\/blog\/?p=7516"},"modified":"2018-05-27T10:33:35","modified_gmt":"2018-05-27T09:33:35","slug":"redox-flow-batteries-market-will-be-worth-4-5bn-by-2028","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\/","title":{"rendered":"Redox flow batteries market will be worth $4.5bn by 2028"},"content":{"rendered":"<p>Redox flow batteries (RFB) are an energy storage technology initially developed by NASA in the 70s for space applications.<\/p>\n<p>After several years of intensive R&amp;D, in 2006, several key patents on the technology expired, opening up the arena to companies all around the world.<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-7565662001938327\" data-ad-slot=\"7585079586\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\nIn their new report <span class=\"highlight highlight-blue\"><em><a href=\"http:\/\/www.IDTechEx.com\/redox\" target=\"_blank\" rel=\"noopener\">Redox Flow Batteries 2018-2028: Markets, Trends, Applications<\/a><\/em><\/span>, IDTechEx Research have analysed the redox flow battery market by talking to key stakeholders and making our own estimates on how it will grow based on a technology and manufacturing readiness analysis.<\/p>\n<p>The report comes with a \u2018watch-list\u2019 of companies to follow, as well as including case studies on the best go-to-market strategies and mistakes to avoid in this field.<\/p>\n<p>The redox flow battery technology, despite higher upfront costs and lower energy density, has a shorter payback time thanks to a good capacity retention, even after many thousands of cycles.<\/p>\n<p>Additionally, RFBs retain most of their initial value thanks to the possibility of recycling their core components more easily than other battery chemistries.<\/p>\n<p>Some RFB chemistries, like that based on vanadium, are already commercial.<\/p>\n<p><strong>C&amp;I to grid-scale systems<\/strong><\/p>\n<p>IDTechEx predicts that the RFB market will be worth $4.5bn by 2028, and will include all stationary storage applications, from residential to C&amp;I to grid-scale systems.<\/p>\n<p>With ambitious projects underway like the massive 200MW\/800MWh system under construction in the Dalian peninsula in China, RFBs have the potential to become a mainstream technology that will compete directly with lithium-ion and sodium-sulphur, currently the two leading chemistries in the stationary storage market.<\/p>\n<p>RFBs can potentially make second-life Li-ion batteries obsolete by offering a stable cycle life and reduced engineering and BMS challenges.<\/p>\n<p>Recycling aspects will ensure that, once out of service, the raw materials will retain most of their value and will be used in brand new RFBs.<\/p>\n<p>In this report, IDTechEx has analysed the five main RFB chemistries:<\/p>\n<p>* all-vanadium<br \/>\n* all-iron<br \/>\n* zinc\/bromine<br \/>\n* hydrogen\/bromine<br \/>\n* organic<\/p>\n<p>It also looks at\u00a0other technologies that were the unsuccessful subject of commercialisation in the past, to give a full technical overview of what is out there and which chemistries will come out as winners in this arms race.<\/p>\n<p>The results show that one battery chemistry in particular will lead in terms of megawatt-hours deployed; however, there is room for competition given recent announcements from the major representatives of competing chemistries.<\/p>\n<p>Strong trans-pacific partnerships are being formed as a result of China\u2019s strong government push into renewables integration and cleantech innovation.<\/p>\n<p>Alternative applications like automotive are also included in the report, with a historic background on previous efforts and an outlook on what some companies, like NanoFlowCell, are trying to achieve.<\/p>\n<p>By purchasing the IDTechEx report <em>Redox Flow Batteries 2018-2028: Markets, Trends, Applications<\/em>, users will have access to valuable insights into 19 of the largest players in the redox flow battery industry, as well as a techno-economic analysis of the available chemistries, like all-vanadium, all-iron, zinc\/bromine, hydrogen\/bromine, and organic flow batteries.<\/p>\n<p>IDTechEx has outlined how the Li-ion industry will be affected by the emergence of a battery technology that can deliver a long cycle life and solve many safety issues like flammability and short circuits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Redox flow batteries (RFB) are an energy storage technology initially developed by NASA in the 70s for space applications. After several years of intensive R&amp;D, in 2006, several key patents on the technology expired, opening up the arena to companies all around the world. In their new report Redox Flow Batteries 2018-2028: Markets, Trends, Applications, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[4258,4259],"class_list":["post-7516","post","type-post","status-publish","format-standard","","category-news-views-and-opinion","tag-idtechex-research","tag-redox-flow-battery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Redox flow batteries market will be worth $4.5bn by 2028 - Engineer News Network<\/title>\n<meta name=\"description\" content=\"Redox flow batteries (RFB) are an energy storage technology initially developed by NASA in the 70s for space applications. After several years of intensive R&amp;D, in 2006, several key patents on the technology expired, opening up the arena to companies all around the world\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.engineernewsnetwork.com\/blog\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redox flow batteries market will be worth $4.5bn by 2028 - Engineer News Network\" \/>\n<meta property=\"og:description\" content=\"Redox flow batteries (RFB) are an energy storage technology initially developed by NASA in the 70s for space applications. After several years of intensive R&amp;D, in 2006, several key patents on the technology expired, opening up the arena to companies all around the world\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.engineernewsnetwork.com\/blog\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\/\" \/>\n<meta property=\"og:site_name\" content=\"Engineer News Network\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-28T08:30:13+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#\\\/schema\\\/person\\\/4477342aea8e299c6a21761e513ea8e1\"},\"headline\":\"Redox flow batteries market will be worth $4.5bn by 2028\",\"datePublished\":\"2018-05-28T08:30:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\\\/\"},\"wordCount\":542,\"keywords\":[\"IDTechEx Research\",\"Redox Flow Battery\"],\"articleSection\":[\"News, Views and Opinion\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\\\/\",\"url\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/redox-flow-batteries-market-will-be-worth-4-5bn-by-2028\\\/\",\"name\":\"Redox flow batteries market will be worth $4.5bn by 2028 - Engineer News Network\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#website\"},\"datePublished\":\"2018-05-28T08:30:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#\\\/schema\\\/person\\\/4477342aea8e299c6a21761e513ea8e1\"},\"description\":\"Redox flow batteries (RFB) are an energy storage technology initially developed by NASA in the 70s for space applications. 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