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Redox Flow Batteries 2017-2027: Markets, Trends, ApplicationsNEW YORK, Sept. 28, 2017 /PRNewswire/ -- Large, safe, sustainable batteries for residential, C&I, and utility markets RFBs operate by means of electro-active chemicals dissolved in liquid solutions that are named anolyte and catholyte, and which are stored into tanks. By exchanging ions through a membrane, it is possible to generate a cell voltage and extract energy out of such a system. The possibility to modulate both the tank and the membrane size independently allows for the decoupling of power and energy capabilities, thus making this technology extremely flexible and tailored to user needs. Stationary energy storage is a cost-effective way to increase renewable energy utilisation, as well as to implement energy efficiency measures, both at residential, industrial, and grid level. 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. Additionally, redox flow batteries (RFBs) retain most of their initial value thanks to the possibility to recycle their core components more easily than other battery chemistries. Some RFB chemistries, like that based on vanadium, are already commercial and set to capture most of the $4bn market value. Other chemistries, like zinc/bromine and hydrogen/bromine, have the potential to capture significant portions of the market thanks to high-profile collaborations and partnerships already in place. Lithium-ion batteries will suffer a setback from the emergence of utility-grade flow batteries, which will contribute to ease the pressure on lithium resources that are more needed for electric mobility applications. One final interesting remark is that, with notable exceptions, a sizeable portion of the RFB industry is located in Europe and the US. The success of said companies will fuel the Western Worlds competitiveness against the Asian Li-ion incumbents. Read the full report: https://www.reportlinker.com/p05059923 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. https://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/redox-flow-batteries-2017-2027-markets-trends-applications-300527996.html SOURCE Reportlinker |