Volt-Storage announces the first pilot projects with customers for 2023. Wind power and solar park operators are very interested in storage options.
(Photo: Getty Images/iStockphoto)
Munich The start-up Volt-Storage wants to accelerate the commercialization of its iron-salt batteries with fresh capital and a new strategic investor. “We now have planning security and want to accelerate the market launch,” CEO Jakob Bitner told Handelsblatt.
The Munich start-up has developed large batteries based on iron-salt technology. According to the company, these are only about a tenth as expensive per kilowatt hour as conventional lithium-ion batteries. The company put the prototype into operation in December. The first pilot projects with customers are to follow in 2023.
The technology aims to help solve one of the major problems of the energy transition: there is often an abundance of electricity from renewable sources – and there is a shortage when demand is high but there is no wind and it is dark. Therefore, wind power and solar park operators are very interested in storage options.
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