Energy is a quintessential need to lead day to day activities across private, commercial, industrial and numerous different verticals. Organizations and countries are constantly endeavoring to secure agreements with innovation stakeholders with the quickly expanding demand in different sectors. Moreover, continually rising unsafe ozone-harming greenhouse gas discharges have forced organizations to take a low carbon emission framework whilst generating and storing energy.
Affordable and flexible electricity storage technologies are set to catalyze transitions to clean energy around the world, enabling cleaner electricity to penetrate a burgeoning range of applications. According to joint study by the European Patent Office and the IEA, electricity storage inventions have grown 14% a year over the past decade and analysts predict that the global battery energy storage market is projected to grow from $10.88 billion in 2022 to $31.20 billion by 2029, at a CAGR of 16.3% in this forecast period.
A company that is riding the coattails of energy storage growth is VFlowTech, a Singapore-based energy startup. This young company aims to redefine energy storage with cutting-edge technology and is set on creating the world’s most affordable and scalable vanadium redox flow batteries.
In a conversation with Dr Avishek Kumar, Co-founder and CEO of VFlowTech, we discovered the exponential growth for the energy innovation sector, including how his startup aims to accelerate global transition to sustainable energy through its durable, efficient and affordable energy storage solutions.
During the conversation, Dr Avishek also spoke about:
- His driving force behind founding VFlowTech
- How the company aims to accelerate global transition to sustainable energy by providing durable, efficient and affordable energy storage solutions
- The technologies that the company is leveraging on to make this possible
- The challenges around large scale solar
- How battery innovation has been critical in the electrification of cars
- Insights into current state electric vehicle infrastructure in Asia (10 mins – 12.45mins)
- Collaborative R&D partnership with SG Innovate and NTU
- Partnership with Singfuel partnership with Sing Fuel and their collaborative efforts in Africa
- Outlook for VFlowTech for 2022 / 2023
- How VFlow Tech intends to fund this vision and accelerate this accelerated growth for the organization
Guest: Dr Avishek Kumar, Co-founder and CEO of VFlowTech
Host: Brian Fernandez