Quino Energy has secured up to $16 million in Series A funding to accelerate deployment of its water-based organic flow battery technology.
The initial $10 million investment comes from Atri Energy Transition, with an additional $6 million in equity available if required. The funding will support the establishment of a new manufacturing line, global pilot demonstrations, and strategic partnerships.
“The close of our Series A funding round represents a key milestone for Quino Energy on our mission to establish our safe, low-cost flow batteries as the leading solution for mid- to long-duration energy storage, as well as for multi-cycle per day applications,” said Eugene Beh, Co-Founder and CEO at Quino Energy.
Quino’s proprietary organic electrolyte is compatible with existing vanadium flow battery hardware, enabling rapid scaling. “Because our organic electrolyte can be used in vanadium flow battery hardware with minimal modification, we will be able to scale rapidly in partnership with our friends and allies in the flow battery industry,” Beh added.
The company plans to build a new factory capable of producing electrolyte at one-quarter the cost of vanadium at GWh scale.
The electrolyte is manufactured via a zero-waste, continuous-flow process using coal tar-derived feedstocks. It is chloride-free and compatible with carbon steel tanks, opening up reuse opportunities in oil storage infrastructure.
