Rivus Batteries, raises half a million Euros to deploy organic batteries

▤ Summary

The organic flow battery company Rivus Batteries recently secured a 525,000 infusion of capital. According to InnoEnergy PhD School alumnus, CEO and founder Dr. Cedrik Wiberg, the capital injection will help the company to scale-up its electrolyte production and install their first full scale pilot batteries with customers.Batteries are needed to store renewable energy its not always windy when you want it to be and the same with the hours of sunshine. Rivus idea is for gigantic batteries to be placed at solar and wind farms: Our vision is to add a critical element to Europes energy transition away from fossil fuels to predominantly renewable energy.

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