Allegro Energy Market Research Report
Company Overview
Name and Mission
- Company Name: Allegro Energy
- Mission: Allegro Energy aims to radically accelerate the transition to a world powered by plentiful, cheap, clean energy. The company has committed itself to make a real difference by developing technologies that render fossil fuels obsolete.
Foundation and Key Personnel
- Founded By: Professor Thomas Nann, Fraser Hughson, and Rohan Borah
- Key People:
- Professor Thomas Nann - Chief Executive Officer
- Fraser Hughson - Co-founder
- Rohan Borah - Co-founder
Headquarters and Employee Information
- Headquarters: 72 Glenwood Drive, Thornton, NSW 2322, Australia
- Number of Employees: No information is available
Financial Information
- Revenue: No information is available
Company Recognition
Allegro Energy has been recognized for its innovative energy solutions, including a breakthrough non-toxic battery electrolyte that is substantially cheaper and cleaner than existing materials.
Products
Overview
Allegro Energy specializes in two key technologies that contribute to sustainable energy storage solutions:
1. Redox Flow Batteries (RFB)
2. Supercapacitors
These products are designed to support long-duration energy storage and electric mobility markets.
Product Descriptions
1. Redox Flow Batteries (RFB)
- Description: Designed for long-duration storage needs at a commercial, industrial, and utility scale.
- Key Features:
- Utilizes unique, water-based, micro-emulsion electrolytes.
- Low-cost, sustainable, efficient, and non-flammable.
- Fully recyclable and non-reliant on scarce raw materials.
- Capable of providing 12 hours of energy storage capacity.
2. Supercapacitors
- Description: Used for applications requiring quick charge and discharge capabilities, particularly in electric vehicles and smart grids.
- Key Features:
- Non-flammable, non-toxic, and recyclable.
- Composed of water-based electrolytes to enhance safety and reduce manufacturing costs.
- At least 90% cheaper and more efficient than competing products.
Applications
Allegro’s technology is applied across various industries:
- Long-Duration Energy Storage: Ensures continuous energy supply, improving grid stability.
- Electric Transportation: Incorporates supercapacitors to enhance electric vehicle performance.
Recent Developments
New Products and Features
- Allegro Energy has announced the development of a water-based electrolyte that costs approximately 100 times less than conventional solutions, revolutionizing the cost and practicality of supercapacitors and redox flow batteries.
Partnerships and Investments
- Origin Energy: Acquired a 5% equity stake in Allegro Energy. This partnership supports the development of a pilot Redox Flow Battery at the Eraring Power Station.
- ReNu Energy: Also acquired a 5% stake, indicating strong commercial interest and a strategic move towards scalability and commercialization.
Upcoming Projects
- Allegro Energy plans to establish a gigafactory to expand their manufacturing capabilities, further positioning themselves as leaders in sustainable energy solutions.
Media and Industry Recognition
- Allegro has been featured among The Australian’s Green Power Players 2023 and recognized by HolonIQ in the Climate Tech 100 for Australia and New Zealand.
Contact Information
- Address: 72 Glenwood Drive, Thornton, NSW 2322, Australia
- Email: contact@allegro.energy
Note: This report strictly includes information available from the provided data. Fields with no provided data have been marked accordingly.
