Our team has grown, we’ve advanced our R&D and battery testing and taken steps towards our first pilot installation in 2025. Key Highlights of the year:
- Chemical Development: We’ve designed, synthesized and tested a range of promising redox-active molecules, developing a higher-performing electrolyte formulation than we had previously.
- Intellectual Property: We’ve filed for three additional patents covering the use (and reuse) of our electrolytes for flow batteries.
- Expanded R&D & Battery Testing: We now run eight parallel lab batteries, soon expanding to 24. This enables us to monitor more variables, accelerate our development and do more rigorous testing.
- Chemical Scale-up Toward Pilot Installation: We are now synthesizing 100s of kilos of our organic molecules with our chemical suppliers, preparing for our first pilot installation in 2025.
- Advanced Testing Setup: Our new and improved testing setup allows us to run our lab-scale flow batteries in a completely oxygen-free atmosphere without using expensive gloveboxes – stay tuned for updates!
- Constant Power Cycling: We’ve explored testing our batteries using Constant Power Cycling at different temperatures which allows us to imitate how the batteries are used commercially.
- New Partnerships: We’ve strengthened our value chain and network with valuable LOIs for commercial partnerships, welcomed Niclas Davidsson to our Board of directors and professor Henrik Sundén to Rivus’ Advisory Board, as well as becoming a member of the West Swedish Chemical and Material Cluster.
- Team Growth: Our team has grown from two to five full-time team members during 2024, plus a few consultants and master students! We’ve also moved into our own 220 m2 office and lab.
- Recognition: Rivus has been featured in five newspaper articles, including GöteborgsPosten, Dagens Industri, Aktuell Hållbarhet, Castellum and Tidningen Energi. We also won four awards, including the E-prize, The Business Booster by EIT InnoEnergy, Sting Climate Race, and the Vinnova pitch competition at The Tech Arena.
This has been a year full of challenges and progress to say the least and we look forward to an even more eventful 2025. Thank you to everyone who has been a part of our journey.
Happy Holidays! 🎉
