Cyprus
Redox One, founded in 2022, is a Cyprus-based company offering Long Duration Energy Storage Solutions with a focus on manufacturing iron-chromium flow batteries. As a spin-off from Tharisa plc, they leverage a strong background in integrated resource operations, specifically targeted towards large-scale energy storage for businesses, industries, and electricity networks.
The innovative technology by Redox One targets the energy sector's critical need for reliable and sustainable energy solutions, with systems that support applications in low-carbon renewable generation. Their solutions boast a high degree of scalability, stability in extreme temperatures, and a lifespan exceeding 20 years, ranging from MWh to GWh capacities.
In the latest investment round on 01 February 2024, Redox One secured a $20.00M Series A investment from their parent company, Tharisa, marking a significant endorsement of their technological and market potential in the evolving energy landscape.
