2014 seems poised to be the year that next-generation battery technologies become more widely available for the power grid. On Tuesday a five-year-old venture capital-backed startup called Primus Power announced that it’s raised another round of $20 million in funding, which it will use to get its battery technology to its first utility and power customers this year.
Primus Power makes “flow batteries,” which store energy like the batteries in your laptop do, but which have the electrolyte (the substance that acts as the medium for the charging and discharging) separated out of the battery cell in liquid-filled tanks. The systems use a pump to move the liquid electrolyte over the electrode, which in turn stores energy.
The benefit of this design is that flow batteries can be cheaper, can be more easily refillable, and can provide prolonged amounts of energy storage compared to traditional enclosed batteries. Primus Power’s flow batteries are supposed to be able to provide energy storage for over a period of four or five hours, while a lithium ion battery can provide energy storage for about an hour, Primus Power’s CEO Tom Stepien told me in an interview a couple years ago.
Primus Power sells an “EnergyPod,” (see above) which is basically a shipping container that’s filled with around a dozen flow batteries stacked on top of each other. Each EnergyPod has capacity to store 250 kW of energy for a cost of $500 per kWh. For large installations a utility can install multiple shipping containers and manage them with the computing and software that Primus Power also provides.
Power companies are looking to add energy storage technologies like batteries and flow batteries to the grid as a way to store energy generated by clean power sources like solar and wind, which only provide energy when the sun shines and wind blows. The idea is that a flow battery could store energy from, say, a wind turbine, when the wind is blowing extra hard, and the battery can release the extra energy over four or five hours as the wind dies down.
While flow batteries have been on the market for awhile, Primus Power’s flow battery is supposed to be more efficient because it uses one tank, one flow loop, one pump, and no separator (many current ones on the market use two tanks and a separator). Primus’ electrode is also made of metal, compared to the felt or plastic electrodes of some competitors (so higher conductivity) and the electrolyte itself — that flows through the system — is zinc-based.
Other startups that are building the next-generation of low cost batteries for the power grid include Ambri, Eos Energy, Aquion Energy and others. Several of these companies are looking to commercialize their technology this year. And it’s not just batteries that are emerging for energy storage and the power grid — startups like LightSail Energy and SustainX are working on reinventing compressed air energy storage.
Primus Power has raised a total of $35 million from investors including Kleiner Perkins, Chrysalix, DBL Investors and I2BF Global Ventures. The new round was led by South Africa-based resource developer Anglo American Platinum Limited. Primus has also received $20 million worth of grants from U.S. government agencies, like the Department of Energy.
Primus Power is looking to use these latest funds to deliver their first EnergyPods to customers. Customers include a utility in Modesto, California, the Bonneville Power Administration in the Pacific Northwest, and a microgrid at the Marine Corps Air Station in Miramar, California. California could be home to many of these new power grid energy storage innovations, following the state’s decision to support a large amount of energy storage projects by 2020 in order to help the state meet its renewable energy mandate.