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Latest Redox News
Jul 11, 2022
The report has divided the market into segments based on material, application, and region. Material: Vanadium Sub-Segment to be Most Productive The vanadium sub-segment is predicted to generate a revenue of $325.6 million during the analysis timeframe. Vanadium can store batteries for a longer period with low maintenance and operate in a full cycle even with a 0% charge, which is the factor expected to upsurge the growth of the market sub-segment during the forecast period. Application: Utilities Sub-Segment to be Most Profitable The utility sub-segment is projected to generate a revenue of $205.9 million over the estimated timeframe. This is mainly because flow batteries are perfectly suitable for utility-scale grid applications. The increasing number of utility services that involve a large number of operation flow battery projects is expected to fortify the growth of the market sub-segment over the analysis timeframe. Region: Asia-Pacific Region to Have Enormous Growth Opportunities The Asia-Pacific region of the redox flow battery market is expected to generate a revenue of $166.9 million during the forecast timeframe. The growing government initiatives for the use of renewable energy and the presence of many developing countries in this region are predicted to thrive the regional growth of the market during the estimated period. Reflow These players are widely working on the development of new business strategies such as partnerships and collaborations, mergers and acquisitions, and product development to acquire a leading position in the global industry. For instance, in June 2021, TNG Limited, a leading Australian resource, and mineral processing technology company, announced its collaboration with AGV Energy & Technology, a well-established Malaysian environmental, health, safety, sustainability, climate change, energy, and green technology project management, and consulting group. With this collaboration, the companies aimed to develop vanadium redox flow batteries (VRFB) and produce green hydrogen and oxygen with technology known as ‘HySustain’ that included the electrolysis of demineralized water and renewable energy. Further, the report also presents other important aspects including the financial performance of the key players, SWOT analysis, product portfolio, and the latest strategic developments.
Redox Acquisitions
1 Acquisition
Redox acquired 1 company. Their latest acquisition was Norluft on May 11, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
5/11/2022 | Acquired | 1 |
Date | 5/11/2022 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 1 |
Redox Team
2 Team Members
Redox has 2 team members, including current Chief Executive Officer, Jonas Bergman.
Name | Work History | Title | Status |
|---|---|---|---|
Jonas Bergman | Chief Executive Officer | Current | |
Name | Jonas Bergman | |
|---|---|---|
Work History | ||
Title | Chief Executive Officer | |
Status | Current |
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