Mhor Energy
Company Details
- Location
- Kinross, United Kingdom
- Founded
- 2019
- Employees
- 4-10
- Funding
- USD $1M-$5M
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About Mhor Energy
The problem we're solving:
Two problems: Currently, battery-based energy storage makes up for over 20 GWh of energy storage on a global scale. This is set to rapidly grow to over 150 GWh by 2026 due to increasing demand of storage, dependency shift from hydrocarbon fuel to renewable generation and lack of available site locations for pumped hydro and compressed air storage. Up to 20% of a battery systems efficiency is used by cooling systems to prevent the temperature rising above 35-50°C.
Our solution:
Mhor has developed a fully recyclable, long life, flow battery that can be installed wherever it is needed and tailored to an environment’s exact power capacity and energy.
As the battery is safe to both human and environmental health it can be installed within population centres making operating and maintenance access easier and more cost-effective.
The Mhor system’s electrolyte can support higher temperatures (up to 80°C) that allow for more stored energy to return to the grid with every cycle and make it a more appropriate solution for hotter climates.
Our differentiator:
Expect more Life. Unlike lithium-ion batteries, which will degrade over their 10 year life, Mhor flow batteries will perform consistently over their 25 year life. Expect more locations. Unlike other flow batteries that usually incorporate a corrosive electrolyte, the Mhor electrolyte is non-corrosive and non-toxic so it can be deployed in highly populated areas. Expect more efficiency. Unlike other batteries, which need to be kept at a cool temperature, Mhor flow batteries handle the heat.
Our biggest achievement:
Some significant milestones listed below; -Successful feasibility study University of Strathclyde 2019 -2022, Patent granted around proprietary redox flow battery technology solving dual heat and emissions energy storage. -£600K+ grants to prove technology and £900K+ funding round closed Q4 2023 -First sales contract, June 2023 -First of a kind prototype demonstrators in operation 2024/2025