Redox One

Redox One

Spin-off of South African mining company Tharisa, manufactures iron-chromium flow batteries. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$80—120m (Dealroom.co estimates Feb 2024.)
Company register number ΗΕ 433394
Paphos Municipality Paphos District (HQ), Rustenburg North West (founding location)
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DateInvestorsAmountRound
*

N/A

Corporate spinout

$20.0m

Series A
Total Funding$20.0m

Recent News about Redox One

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Redox One is a startup that operates in the renewable energy sector, specifically focusing on energy storage solutions. The company's primary product is the Redox Flow Battery, a safe, reliable, and cost-effective energy storage system. This technology is designed to store large amounts of energy, making it an ideal solution for intermittent renewable energy sources like wind and solar, allowing them to provide power 24/7.

Redox One's business model is centered around innovation and collaboration. The company partners with other technology firms to enhance its product offerings and to ensure its solutions are at the forefront of the industry. The company's leadership includes veterans of high-volume manufacturing and operations management, ensuring a focus on quality assurance, lean production, and seamless product integration.

The company's target market includes communities, industries, and nations looking to transition towards a more sustainable and resilient energy future. As the world moves away from thermal electric power generation towards renewable energy sources, the demand for efficient energy storage solutions like Redox One's is expected to increase significantly. By 2040, it is estimated that the world will require 400TWh of storage capacity per day to accommodate the 160,000TW of energy produced from renewable sources.

In terms of revenue, Redox One likely makes money by selling its Redox Flow Batteries and related services to its clients. The company's focus on innovation and collaboration also suggests potential revenue from partnerships and joint ventures.

Keywords: Renewable Energy, Energy Storage, Redox Flow Batteries, Innovation, Collaboration, Sustainable Energy, Large-Scale Energy Storage, Intermittent Renewable Energy, Thermal Electric Power Generation, Energy Landscape.