By [email protected] Flow battery maker Vionx took a step toward easier sales by releasing an insurance product for its technology.
The Massachusetts company teamed up with New Energy Risk to create a performance insurance policy that covers energy, power, round-trip efficiency and availability of the vanadium redox flow systems. This could open a new chapter in the bankability of insurgent battery technologies challenging lithium-ion’s dominance.
Flow battery makers argue that their long-duration systems can cycle for years without degradation, making them ultimately cheaper to own than lithium-ion batteries, which fade over time. The lifetime cost of ownership argument, though, requires the customer to believe
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