RE: Picking up pace25 May 2021 23:49
Enter Stony Brook University’s Clean Energy Business Incubator Program, the university’s tech-heavy “incubator without walls.” StorEn, a multiyear CEBIP client, might have gone off the rails during the global health crisis, according to Brovero, if not for the program’s steady hand.
“CEBIP helped us keep up our research work throughout (the pandemic),” he said. “Our access to [Advanced Energy Research and Technology Center] laboratories and facilities continued as before, and we have been able to keep our payroll and cost-structure very tight.”
Bolstered by the SBU programs, StorEn has made significant progress through the teeth of the pandemic, particularly over the last six months. Among other things, Australian project partner Multicom Resources has received a federal government qualification that allows it to access a government fund for projects “with strategic significance for Australia,” Brovero noted.
Meanwhile, the Stony Brook-based company recently closed a sale with the University of Calgary in Canada, where a cutting-edge battery-storage laboratory will put the vanadium-flow tech through its paces.
The University of Calgary battery is slated to be delivered in June, with funding from the Canadian federal government’s Innovation, Science and Economic Development division pending. StorEn is also exploring a possible deal with a Brazilian university, according to Brovero, and may have identified its next international destination: Africa.
After attending 2020’s Power Africa Summit (in Miami) and the virtual Africa Mini-Grids Summit this past February, company officials are convinced that tremendous opportunity awaits on a continent where an estimated 600 million people live without basic electricity services.
“There are a lot of communities in Africa, hundreds of millions of people, that do not have access to an electrical grid,” Brovero noted. “Building a grid is not an option, because they are such remote locations, and sparsely populated – so the electrification of Africa has to be through solar, plus batteries.
“This serves a true social purpose,” he added. “Not only selling batteries, but really contributing to the social and economic development of these communities.”