Industrial Consultancy & Sponsored Research (IC&SR) , IIT Madras
Category- Energy, Energy Storage & Renewable Energy
Industry Classification:
NIC (2008): 27202- Manufacture of electric accumulator including parts thereof (separators, containers, covers).
NAICS (2022)- 335910 Battery Manufacturing
Applications:
Manufacture of Ion Exchange Membranes for Vanadium Redox flow batteries used for storing energy harvested from solar, wind and tidal energies.
Market report:
The global vanadium redox flow battery (VRFB) market was valued at $188.7 million in 2023, and is projected to grow to $523.7 million by 2030 with a CAGR of 15.8%
Prof. Kothandaraman Ramanujan
Department of Chemistry
TRL 4
Technology Validated in Lab