Energy storage company ViZn Energy has won the Frost & Sullivan Entrepreneurial Company of the Year Award in the Energy Storage Industry category for 2014.
According to the Frost & Sullivan team, US-based ViZn Energy has been selected, because the company showed “customer value excellence” and “entrepreneurial spirit”.
ViZn Energy developed a zinc-iron redox flow battery for energy storage systems. ViZn Energy’s battery packs are mainly attached to microgrids and are designed to last two to four hours.
“The growing concern over environmentally friendly solutions has contributed significantly to the increasing demand for green technologies, fueling the need for renewable energy,” said Vishal Sapru, research manager at consulting firm Frost & Sullivan.
ViZn Energy recently won the Intersolar Europe’s 2014 Electrical Energy Storage Award.
The research for its flow battery was funded by the US Department of Energy. The company has plans to expand its manufacturing capacity at its facility in Montana, US and aims to produce in Europe and is seeking for investors.