This round of financing includes the participation of Samsung Ventures, new investors, as well as the continuous support of all existing strategic partners including STRABAG.
Company CEO Constantin Eis told the business newspaper "Handelsblatt": "This round of financing is still ongoing. We are in contact with other investors. Currently, we are the largest battery manufacturer in the world that does not bet on lithium."
The SolidFlow battery energy storage system of CMBlu is based on the combination of organic redox flow technology and solid-state storage materials. They offer high cycle stability, long service life, non-flammable electrolyte, and do not require key raw materials such as lithium, cobalt or nickel. They are designed to provide dispatchable energy for ten hours or more.
According to a previous report by the Global Flow Battery Network (fb.china-nengyuan.com): CMBlu Energy will supply Uniper with 5GWh of solid-state flow batteries.
In February this year, CMBlu Energy AG and Uniper Kraftwerke GmbH signed a framework agreement regarding a patented energy storage technology that combines liquid flow batteries with solid-state energy storage materials.
Under this agreement, CMBlu will supply at least 5GWh of SolidFlow energy storage technology (solid-state flow battery), and the first delivery is expected to commence in 2027.
This ten-year agreement was reached after a pilot project jointly operated by the two companies in Germany successfully completed the SolidFlow on-site acceptance test. This test proved that the technology is applicable to grid services and has the potential to achieve large-scale deployment of several-hour energy storage in the future.
Arne Hauner, the innovation director of Uniper, described this on-site acceptance test as an important intermediate step in the collaboration with CMBlu.
"The SolidFlow technology demonstrates promising potential, but its performance and economic viability still need to be further verified in large-scale applications," Hauner said.
