Top Flow Battery Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Flow Battery Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Flow Battery industry players.

Flow Battery Market Competitive Landscape

The global flow battery market is driven by several factors, chiefly the increasing need for dependable, large-scale energy storage solutions to meet the rapidly growing renewable generation from sources such as solar and wind. Since renewable generation is inherently variable, flow batteries encase an excellent solution for creating and storing surplus energy during times of abundant generation and dispatching it when demand is high, allowing for grid reliability and energy management. Some advantages of flow batteries include long duration energy storage, high efficiency, usability at scale, and the ability to decouple power and energy capacity, all of which are suited to utility-scale and commercial applications.

Industry Overview

According to SkyQuest Technology “Flow Battery Market By Battery Type (Redox, Hybrid), By Material (Vanadium, Zinc Bromine), By Ownership (Customer owned, Third-party owned), By Storage (Small-scale, Large-scale), By Application (Utilities, Commercial & Industrial), By Region - Industry Forecast 2025-2032,” Global Flow Battery Market is projected to grow at a CAGR of over 21.51% by 2032, on account of urgent need for automating quantified data. The flow battery market is expanding due to increasing investment into smart grids, microgrids, and energy storage infrastructure through both government funding and private players. Government policies and incentives to mitigate carbon emissions and incentivize renewable energy integration are also extending the adoption of flow batteries. Flow batteries are also seen as somewhat superior to lithium-ion batteries, as they offer long life cycles with low degradation, as well as higher environmental sustainability for applications needing high energy throughput.

Top 10 Global Flow Battery Companies

Company

Est. Year

Headquarters

Revenue

Key Services

VRB Energy

2004

Vancouver, Canada

USD 0.1 million (2024)

Vanadium Redox Flow Batteries (VRFB) for grid-scale energy storage

ESS Tech, Inc.

2011

Wilsonville, Oregon, USA

USD 6.30 million (2024)

Iron Flow Battery technology for long-duration energy storage solutions

Dalian Rongke Power Co., Ltd.

2013

Dalian, China

USD 420 million (2024)

VRFB systems for large-scale energy storage and grid stabilization

CellCube Energy Storage Systems Inc.

2016

Vancouver, Canada

USD 4.28 million (2024)

VRFB technology for renewable energy integration and grid management

Primus Power Corporation

2010

Hayward, California, USA

USD 14.8 million (2024)

Zinc-Flow Battery technology for long-duration energy storage

Invinity Energy Systems

2014

London, UK

USD 5.01 million (2024)

Advanced flow battery systems for industrial and commercial energy storage

Redflow Ltd.

2005

Brisbane, Australia

USD $9.14 million (2024)

Zinc-bromine flow batteries for off-grid and commercial applications

Sumitomo Electric Industries Ltd.

1897

Osaka, Japan

USD 31.1 billion (2025)

VRFB systems for large-scale energy storage and grid stabilization

VoltStorage GmbH

2016

Munich, Germany

USD 15 million (2025)

Iron-salt flow battery systems for residential energy storage solutions

StorEn Technologies

2012

New York, USA

USD $1.67 million (2024)

VRFB systems with ultra-thin stack design for community microgrids

1. VRB Energy

VRB Energy is a global leader in vanadium redox flow battery (VRFB) technology, committed to the mission of facilitating a clean energy future. The company has developed highly reliable VRFBs with over 1,000,000 hours of proven operating history.

2. ESS Tech, Inc.

ESS Tech, Inc. is a top-tier manufacturer of long-duration iron flow energy storage solutions. Founded in 2011, the company designs, builds, and deploys environmentally sustainable, low-cost iron flow batteries for use in commercial and utility-scale energy storage applications. ESS Tech’s mission is to help speed up decarbonization in a safe and sustainable manner utilizing readily available materials such as iron, salt and water.

3. Dalian Rongke Power Co., Ltd.

Dalian Rongke Power is a well-known Chinese team that specializes in vanadium redox flow batteries for large-scale, long-duration energy storage. Founded in 2008, and headquartered in Dalian, China, the company has expanded rapidly over the past few years as the demand for grid-scale energy storage solutions has increased, and it is recognized as an expert in the flow battery field.

4. CellCube Energy Storage Systems Inc.

CellCube Energy Storage Systems is a leader in vanadium flow battery technology specializing in safe, sustainable, and cost-effective energy storage solutions. The company manufactures vanadium electrolytes and VRFBs that are offered in storage durations from 4 hours, up to 24+ hours to assist in grid management and renewable energy integration.

5. Primus Power Corporation

Primus Power provides long-duration, fade-free energy storage technology for the smart grid. Founded in 2009 and based in Silicon Valley, Primus Power develops zinc-based, rechargeable, commercial-size liquid flow batteries. Primus Power provides scalable, cost-effective storage options for commercial, industrial, and utility customers worldwide.

6. Invinity Energy Systems

Invinity Energy Systems creates and sells grid-scale flow batteries for commercial and industrial applications. The Invinity technology is safe, reliable, durable, and completely recyclable without relying on rare earth or conflict materials. Its batteries also have fire-resistant properties and are designed for long lifespans of service.

7. Redflow Ltd.

Redflow Ltd. designs and manufactures zinc-bromine flow batteries to store electricity from solar panels, support peak loads, and augment diesel generators with battery storage. Redflow, founded in 2005, is known for its ZBM3 flow battery product, which is discharge capable by 100 percent, allowing Redflow to offer off-grid and commercial solutions for energy storage utilizing flow batteries.

8. Sumitomo Electric Industries Ltd.

Sumitomo Electric Industries Ltd. is a diversified technology company founded in Japan in 1897, involved in energy storage and renewable options. Sumitomo Electric Industries contributes to sustainable infrastructure from technology and projects in automotive, electronics, and energy arena including flow battery systems.

9. VoltStorage GmbH

VoltStorage GmbH, a Munich-based company, is focused on iron-salt flow battery technology for long-duration energy storage solutions and has received considerable investments into increasing production capacity and developing new energy storage systems. The company has undergone growth and innovation but announced in 2025 that it was going to be closing its operations amidst challenges of scaling and profitability.

10. StorEn Technologies

StorEn Technologies is a New York-based startup working on vanadium flow battery technology for residential, telecom and industrial applications. The company has received over $540,000 in pre-orders and has forecasted revenues of $11 million for 2025. StorEn Technologies had a net loss of $1.67 million in 2024 while scaling business operations.

Other Leading Global Flow Battery Companies

  • Enerox GmbH
  • Elestor
  • Largo Inc.
  • Lockheed Martin Corporation
  • SCHMID Group
  • Infinite Energy Systems
  • H2 Inc.
  • Stryten Energy
  • Mobius Energy Storage
  • Zhonghe Energy Storage
  • Sinergy Flow
  • Cellfion

Conclusion

The global flow battery market is expected to expand steadily as the world further transitions to renewables and sustainable power solutions. Flow batteries provide long-duration energy storage, high efficiency, and scalability, which are attractive features for grid stabilization, peak load management, and the integration of intermittent energy sources. The market has strong support from favorable government policies, higher investment in energy infrastructure, and ongoing technological developments to improve performance and costs. Challenges remain, such as the initial high capital expenditure and competition from other battery technologies, but with increasing focus on decarbonization, energy reliability, and sustainable power solutions, it is certain flow batteries will provide a key role into the future energy mix, resulting in long term growth in the market.

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FAQs

Between 2025 and 2032, the flow battery market is forecast to grow by 21.8% CAGR, propelled by the integrations of renewable energy platforms and demand for long-duration energy storage in utility and industrial applications. 

AI can enhance the efficiency of flow batteries by optimizing factors like electrolyte chemistry, geometry of electrodes, and stack design configurations to maximize energy density potentials of the technologies.  Also, AI can provide predictive maintenance, interoperability platforms, and real-time charge-discharge, to generate less downtime, and reduce operational cost throughout overall lifetime of the battery. 

The main materials of flow batteries are vanadium and zinc-bromine. The benefits of vanadium batteries are longer cycle life, tremendous safety for long-term storage applications, while zinc-bromine batteries have higher energy densities and are still preferred for grid-scale or long-duration energy storage application. 

Flow batteries support EV charging stations and microgrids, by supporting stable long-duration storage potential for continuous energy supply for use in these types of applications. Latent DC charging supports these processes while easily managing expected load shifts and allow for us to balance supply-demand in decentralized energy systems by decoupling the power and energy capacity.

Flow batteries are an ideal energy storage solution for long-duration storage, as they have a very high cycle life (up to 20,000 cycles), are non-flammable due to the liquid electrolyte, and have truly scalable energy capacity to enable grid stability and work with intermittent renewable sources, like wind and solar.

Flow batteries carry a much higher safety rating, due to being able to use non-flammable electrolytes and possess a considerably longer life span, but they also incur a 25-30% higher cost ($/kWh) than lithium-ion batteries — resulting in a longer payback period and a certain rate of adoption.

Utilities (for grid support) and EV charging stations are the fastest growing sectors driven for either modernization of electrical grids or supporting renewable generation. Specifically, flow batteries are able to support integration of solar and wind generation into the grid. Hybrid flow batteries have also started to grow rapidly since they provide a better performance while allowing for longer operational lifetimes.

Hybrid flow batteries are a combination of multiple electrolyte chemistries which provide improved performance, energy density, and cycle life. Hybrid flow batteries can be used in numerous applications ranging from stationary grid systems to AEM polymer batteries for mobile storage systems as they integrate into emerging complex energy landscapes.

The National Electricity Plan promotes the need for 411 GWh of stationary storage by 2032, which created a favorable environment for early flow battery use. For example, Delectrik recently began work on an NTPC-backed 3 MWh VRFB project to be used in an NETRA microgrid to be deployed in Greater Noida.

AI-based models are able to substantially decrease the amount of time to develop formulas of optimal electrolyte by rapidly analyzing data sets that are far larger than any typical lab study. The overall goal is to have better battery properties, lower costs and increase the commercialization of flow batteries so they can be practically utilized.

AI-managed virtual power plants used by companies such as Mixed Energy, utilize distributed energy resources including flow batteries and can charge and discharge them according to the optimization protocols briefed earlier.

Global Flow Battery Market size was valued at USD 426.63 Million in 2024 and is poised to grow from USD 518.4 Million in 2025 to USD 2463.56 Million by 2033, growing at a CAGR of 21.51% during the forecast period (2026–2033).

The market is characterized by new start-ups and collaboration between industry and research institutes to meet the need. Some of the leading players at the forefront in the global redox flow battery market include StorEn Technologies Inc., Avalon Battery Corporation, HydraRedox, Storion Energy, Vionx Energy, H2, Inc., Le System Co., Ltd., Sumitomo Electric Industries, Ltd., redT Energy Plc, and Dalian Rongke Power Co., Ltd. 'VFlowTech (Singapore)', 'CMBlu Energy (Germany)', 'Quino Energy (USA)', 'VoltStorage (Germany)', 'RFC Power (UK)', 'StoreEn Technologies (USA)', 'CellCube Energy Storage (Canada)', 'AquaBattery (Netherlands)', 'Salgenx (USA)', 'ViZn Energy Systems (USA)', 'XL Batteries (USA)', 'NanoFlowcell (Switzerland)', 'VRB Energy (Canada)', 'ESS Tech (USA)', 'Invinity Energy Systems (UK/Canada)', 'Redflow Ltd (Australia)', 'Primus Power (USA)', 'Sumitomo Electric Industries (Japan)', 'Enerox GmbH (Austria)', 'Elestor (Netherlands)'

Global shift towards renewable energy sources, such as solar and wind power, driving demand for energy storage solutions such as flow batteries. Flow batteries enable the use of energy generation new stores and deliver more efficiently, reducing interference and supporting grid stability and reliability.

Asia Pacific leads in VRFB deployment with around 49.6% of global revenue share in 2023. Governmentbacked pilot projects are expanding everywhere—from China’s 100 MW/400 MWh Dalian installation under the 14th FiveYear Plan to Japan's Sumitomo Electric facility supporting wind and solar storage.

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Global Flow Battery Market
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