Iron-air batteries offer a cost-effective solution for long-life energy storage, which is crucial for the integration of renewable energy. A major advantage is that iron-air batteries do not contain lithium or cobalt, thereby reducing costs and supply chain risks. This project aims to improve their efficiency by developing and optimising advanced electrode materials specifically for iron-air battery applications.
Successful pilot
Earlier this year, Ore Energy completed a successful pilot with the French energy company EDF. In addition, the company signed an agreement with energy supplier Budget Thuis, which has reserved a total of 1 GWh of storage capacity.
The plan
Ore Energy has not yet announced where the first factory will be located or what its production capacity will be. It is clear, however, that the new funding will be used entirely to make the transition from pilot projects to commercial production. With this move, the Delft-based startup joins a growing group of companies developing alternatives to lithium-ion technology, including the American company Form Energy.
The first 400 MWh is scheduled to be delivered in 2028. The batteries are designed to store renewable electricity for 24 to 100 hours, thereby supporting the power grid.
Ore Energy en Holland High Tech
Holland High Tech congratulates Ore Energy on reaching this significant milestone. As a PPP project, Ore Energy receives support from Holland High Tech. We wholeheartedly support this PPP project and look forward to seeing the innovations that will emerge from it.
