V

Vflowtech

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VFlowTech Market Research Report





Company Overview



Name and Mission


  • Name: VFlowTech Pte Ltd

  • Mission: VFlowTech aims to create sustainable, affordable, and scalable energy solutions, driving the world towards energy equity where everyone can access clean energy at affordable pricing.


Founding Details


  • Founded: 2018

  • Founders: Dr. Avishek Kumar (CEO & Co-Founder), Dr. Arjun Bhattarai (CTO & Co-Founder)


Key People


  • Dr. Avishek Kumar: CEO

  • Dr. Arjun Bhattarai: CTO

  • Anand Anupam: CCO

  • Boo Chin Tuan: Chief Operations & Strategy Officer

  • Vivek Seth: Managing Director (India)


Headquarters


  • Singapore: 8 Cleantech Loop, Cleantech 3 Building, Block E, #06-62, Singapore 637145


Number of Employees


  • Employees: 60+ team members


Revenue


  • Revenue Information: No information is available


Company Recognition


  • VFlowTech is known for developing long-duration energy storage systems using vanadium redox flow batteries, offering safe, scalable, and sustainable battery technology with a lifespan exceeding 25 years.


Products



Product Offerings


  • VFlowTech manufactures modular vanadium redox flow batteries under the PowerCube series.


Product Overview



PowerCube 10-100


  • Description: Designed for small-scale energy storage with a 25-year lifespan.

  • Capacity: 10kW nominal power, 100kWh energy capacity.

  • Key Features:

  • Operates up to 55°C without active cooling.

  • Roundtrip efficiency up to 80% at 100% depth of discharge.

  • Equipped with IoT solutions for remote monitoring.


PowerCube 50-250


  • Description: Supports large-scale and modular energy deployment.

  • Capacity: 50kW nominal power, 250kWh energy capacity.

  • Key Features:

  • Roundtrip efficiency up to 80%.

  • Capability to integrate with other battery storage chemistries.

  • Targeted for utility-scale storage and microgrid applications.


Recent Developments



New Products and Features


  • Launched PowerCube 50-250 at the Singapore International Energy Week 2023, which supports solar energy deployment and integrates seamlessly within microgrids.


Strategic Partnerships


  • MOU with MOL (Asia Oceania) and MOL PLUS: For deploying long-duration energy storage solutions in Southeast Asia’s logistics and maritime sectors, focusing on supporting renewable energy transitions.


  • Partnership with Monash University: Collaboration to advance rechargeable battery technologies.


Expansion and Funding


  • Secured US$10 million in Series A funding led by Real Tech Holdings to expand manufacturing capacity and market presence globally.


  • Participated in and won multiple innovation challenges like ENTICE Challenge 2023 for "Most Innovative Solution."


Manufacturing and Global Reach


  • Launched India's largest long-duration energy storage manufacturing facility in June 2024.


  • Plans to set up a 200MWh production line capacity for vanadium-based energy storage solutions.


Organizational Growth and Activities


  • Engaged in local renewable energy talent development via collaboration with Newcastle University.


  • Active participation in regional events and initiatives, such as "Clean The Seas With SEAS 2024" and World Energy Storage Day activities.


Conclusion


VFlowTech continues to make strategic advancements in the energy storage sector through innovative product launches, strategic partnerships, and expanded manufacturing capabilities. The company's commitment to delivering sustainable and affordable energy solutions positions it favorably in the growing global demand for renewable energy storage technologies.