Markets / Go To Market Plan / Technology Status
The First Safe - Practical
Flow Battery
1
In laymen’s terms, a flow battery, unlike a conventional battery
holds its energy in fluids (aka reducer and oxidant) separate from
the power unit or (stack). A flow battery can be quickly refilled like
a gas tank in a car, and the fuel and oxidant can be regenerated
from a discharge fluid using electricity or sunlight.
2
Definition of a Flow-Battery
Ftorion’s Flow-Battery Technology
Although flow batteries have been known for sometime,
the fluids used in traditional flow batteries are too heavy for
electric vehicles, and they do not produce much power per
electrode area to cost-compete in the stationary energy
storage markets. Ftorion’s flow batteries use a new type of
Anionic Multielectron Oxidants (AMO) that solve both the
specific energy and the cost of power problems.
3
1. Composite H
2
Storage Tank
350 bar
318L
211 kg tare, 218 charged
$2,743
Commercially available
8. Two Compartment PP
OF/DF Storage tank
134 L
Separated by Viton Rubber
membrane
20 kg tare, 231 kg charged
10M LiXO3 / 10M LiX
Availability: fabricated from
commercially available
products
Status: Not yet demonstrated
in lab
4. 316 PE H
2
Transfer Lines
¼“PP 2$
5 bar
Commercially available
6. OIMALF stack
<9 mL/min
xxx in parallel
0.3 kg, 0.1L
$12
Availability: com. av. in mW
scale for IC
2. Pressure Reducer/Turbine
5 bar out with 1-350
upstream
For 300 A= 2.09 Lspt/min
$ 150
Commercially available
5. Stack 115kW
60-80 C
SA = XX
300A, 386 V
454 cells
73 kg packaged weight
45 L
$14,160
Availability: Patent pending,
mW scale com. av. for IC
7. PE Transfer Lines
1 bar
0.25” OD
Commercially available
3. Peristaltic Pump
For 300 A= 9 mL/min
$ 50
Commercially available
Plumbing Diagram
Charging System for a home/ car
4
v
v
+
-
HA,MXO
3
HA,MX
HA,HXO
3
H
2
H
+
M
+
H
+
HA,HX
Ion exchange
(OIMALF) reactor
H
2
H
+
+
-
discharge cell
acidification-neutralization
regeneration cell
v
H
2
M
+
+
-
HA,MX
MOH
MA, MX
HA,MXO
3
6MX+6MA=3X
2
+6MA
3X
2
+6MA+3H
2
O=5MX+MXO
3
+6HA
Technology Diagram
5
Includes possible flow-cascade and batch
regeneration cell
v
H
2
M
+
+
-
HA,MX
MOH
MA, MX
HA,MXO
3
6MX+6MA=3X
2
+6MA
3X
2
+6MA+3H
2
O=5MX+MXO
3
+6HA
Regeneration System
COMPANY OVERVIEW
6
Breakthrough flow battery
5× Specific Energy of LIBs
1/5 Cost (will reach $200/kW)
Fast Refill (vs recharging)
Electric/Solar regeneration
Status
3 US/PCT Patent applications filed
and published
100 W Discharge prototype
running
Charge shown as a process and
as 50 W device
Transforms storage market
Path to $200/kW cost target
US grid storage market = $8B
World stationary $114B by 2017 (Lux Research)
World grid only $68B by 2024 (Navigant)
d
FTORION FULLFILS 3 CRITICAL NEEDS
IN ELECTRICAL ENERGY
7
The first economically viable and safe
flow battery under
$300/kW×P + $36/kWh×E
in the stationary market.
Stationary energy storage for
renewables (solar and wind).
On-board energy storage for
land, sea and air electric
vehicles.
MARKETS
Military
Early market entry: unmanned air and underwater vehicles, solar rechargeable
aircraft, replaces diesel with a solar-regenerative fuel. $100 M/per year in USA.
Stationary Storage
Largest significant near-term impact: supply-demand time shift, peak power.
$8 B/y in the USA.
Largest potential long-term value.
Highest market penetration barrier.
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Transportation
9
Market Entry
Peaking POWER
Renewable Intermittency
Back up Power
Stationary Storage Challenges Ftorion Advantage
1/10 COST OF POWER
compared to VRFBs
1/5 COST OF ENERGY
compared to LIBs
Quick refill, cost-
effective adjustment of
the runtime
STATIONARY STORAGE
Problems, Target Markets and Ftorion’s Value Proposition
Problem 1
Baseload coal and nuclear power plants require supplementation with faster peak shaving and
load following. 3,236 blackouts in the USA in 2013. Currently, electricity storage costs more than
its production. World market $10,000,000,000,000.
Problem 2
Finding a cost effective way to convert & store solar energy.
US electricity production in 2014 = 3,860 TWh @ 1¢/kWh.
Problem 3
Traditional Flow Batteries, such as Vanadium, have power density which is too low (cost is too
high = 1,500 $/kW) for stationary storage.
Ftorion: Provides low cost/high-power (<$300/kW) electric storage for intermittent
renewables (wind and solar) with both electric and low-cost direct solar regeneration.
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3 hour load shift
10 hour load shift
Renewables time shift
Renewables forecast hedging
Avoid transmission curtailment
Fluctuation suppression
Regulation control
Voltage stability
Renewables time shift
Renewables forecast hedging
Spinning reserve
Power quality
Avoid transmission curtailment
Power quality
Frequency excursion suppression
Angular stability
Frequent draw
Infrequent draw
Long Short
H
2
-Br
2
Ambri
Flywheel Ftorion
Stationary demand profiles have varying requirements and suitable
technologies
MARKET /ADDITIONAL
11
MARKET: stationary
.
Renewables (solar, wind) face supply-demand time shift: house, grid.
Storage is >½ the cost of solar photovoltaic solutions (SolarCity). BOTH cost of solar
energy production AND storage need to be reduced before wide scale adoption occurs.
Ftorion solves both solar utilization and storage cost problems.
12
MILITARY
Problems, Target Markets and Ftorion’s Value Proposition
Problem 1
Diesel generators require fuel delivery infrastructure
Problem 2
Drones have battery or fuel limitations
Problem 3
Non-Nuclear Submarines currently use explosive 95% hydrogen peroxide to
provide electric power /air independent propulsion
Ftorion provides a safe, high-energy, high-power flow battery capable
of quick refill or of solar/electric regeneration.
13
.
Market size: gasoline sales in the USA in 2013: $ 538 B.
No battery can provide 300 mi range i.e. >300-500 Wh/kg.
Cost must be no more than lead-acid : < 100 $/kWh.
Problem: Oil reserves get depleted faster than the geological timescale of oil formation .
Commercialization goals for other technologies have not been met:
PEM Fuel cells require significant amount of platinum and need an H
2
source. Lithium Ion
Batteries are too expensive, too heavy/short driving range, and require a long electric recharge.
Traditional flow batteries such as Vanadium RFB or H2-Br2, have energy density which is too
low for electric vehicles (and power density too low for stationary).
MARKET
Fully Electric Vehicles
AUTOMOTIVE
Problems, Target Markets and Ftorion’s Value Proposition
e
Current limitations:
Quick mechanical refill.
High power density = low cost.
High energy density = 300 mi driving range.
Ftorion’s flow battery has 5 times more energy per the same weight as a lithium-ion battery
(or H2-Br2 flow battery) at 1/5 of the cost per kWh.
Ftorion’s battery advantages:
Solar step in regeneration is a mature technology. Domestically abundant resources (LiBr in Salt
lake) with established manufacturing base, safe and well known chemistry.
Problem 1
Oil reserves get
depleted faster
than the geological
timescale of oil
formation.
PEM Fuel cell
technology requires
too much platinum
and needs an H2
source.
Lithium Ion
Batteries are too
expensive, too heavy
/short driving range,
and require a long
electric recharge.
Traditional flow
batteries such as
Vanadium RFB or H2-
Br2, have energy
density which is too
low for electric
vehicles.