Rivus Batteries

2024: The most eventful year in our journey, so far! 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! 🎉

“Under the eaves of a four-storey building in southern Gothenburg, the batteries of the future are being developed”. Tidningen Energi recently visited us and stepped into what they called “The future lab”. Dressed in white lab coats, our CTO Dr. Lisa Åkerlund and Research Scientist Dr. Eduardo Maurina Morais gave them a guided tour of Rivus’ lab operations, sharing our recent progress in developing and commercializing a metal-free battery chemistry for flow batteries. - “The last year has been full of progress, we have moved to new premises, built up our own lab, and set up a test operation with eight parallel stations at the same time, soon expanding to 24. We also build all the batteries ourselves and have developed the battery chemistry to be even better than the formulation we had before”. – Lisa Åkerlund Today’s flow batteries rely on vanadium, a costly, environmentally damaging heavy metal sourced, primarily from China, Russia, and South Africa. At Rivus, we take a different approach, using organic molecules derived from widely available materials, combined with water and salt, to produce our electrolytes.   Rivus’ first major demonstration is now underway, installing our first customer pilot in the first half of next year. The building has solar panels, and the goal is to do tests for over a year and to demonstrate that the system works. It will be the first organic flow battery to be tested in a commercial system in Sweden. Dr. Cedrik Wiberg, Rivus’ CEO and founder, is optimistic about the future. - “I think that when one of the industrial giants has decided to use organic flow batteries, the market will really take off.” – Cedrik Wiberg Thank you, Tidningen Energi, for an insightful article that highlights the importance of the green energy transition and the role that long duration energy storage solutions, like Rivus’s organic flow battery technology, can play in accelerating the transition to renewable energy sources. Read more (in 🇸🇪): https://lnkd.in/dDyZPMGj?

What a night at the Sting Climate Race finale yesterday! After impressive pitches from ten climate start-up finalists – Caplyzer, KORALL, AquaFood AB, Fiberloop, Ambidex, Jubel.ai, Hagnesia AB, superstate and Fibu AB – Rivus was fortunate to be voted the most investment-worthy company 🎉 As part of the Sting Climate Race program the last 6 weeks have been packed with truly insightful workshops, trainings and networking. This has all been organized by Sting, the Nordics largest startup ecosystem with Climate Performance Potential. This has been a great opportunity for us to engage with peers and accelerate our preparedness to raise equity funding to further scale-up our technology and impact. A huge thank you to Sting for the valuable support, and a special thank you to our mentor Magnus Rehn, as well as Sting coaches and organizers Karin Ruiz and Hanna Ranstrand. We appreciate your support and engagement 🙌  

Partnership Announcement! Rivus is proud to be part of the West Swedish Chemical and Material Cluster and the CEROF-project to advance bio-based and recycled molecules as starting materials for our organic flow battery electrolytes. We are working together with RISE Research Institutes of Sweden, Chalmers Industriteknik Renergy and IVL Svenska Miljöinstitutet, in collaboration with Fortum, Nouryon, Perstorp Group, Preem AB and BASF. The goal is to identify bio-based and recycled streams within the cluster and evaluate how these can be sourced, separated, and refined, while also mapping their climate benefits. The project is part of a ten-year initiative, Climate-Leading Process Industry within The West Swedish Chemical and Material Cluster (Västsvenska Kemi- och Materialklustret), led by RISE and Lindholmen Science Park. This overarching project works to transform the region from the current fossil-dependency for its chemical production to become a global leader in sustainable chemical and materials production. Additional cluster members include Business Region Göteborg, AFRY, Borealis, COWI, Essity, Göteborg Energi, Meva Energy, Renova, Siemens Energy, Statkraft, Stena AB, Vattenfall, and more, with funding from Vinnova and Västra Götalandsregionen.

We are truly honored to win the E-Prize award in the Renewable Energy category!   Electrification of high-temperature processes, metal-free batteries, and more efficient transport were the focus of this year’s winners. Scalability stood out as a key theme for the jury, who had the tough job of selecting from nine worthy finalists. Organized by Dagens Industri and Aktuell Hållbarhet in collaboration with E.ON, the E-Prize highlights Sweden’s most innovative energy solutions.   The jury’s motivation: "For the development of groundbreaking technology that enables environmentally friendly and cost-effective energy storage. With Rivus’ organic batteries, dependence on limited resources can be reduced, supporting the transition to renewable energy. This year's winner is a role model in green technology and energy storage."   The 2024 winners were announced at Dagens Industri’s Sustainable Business conference in Stockholm, opened by a keynote panel featuring former Swedish Prime Minister Stefan Löfven and former Minister of Industry Annie Lööf.   Winners and finalists: - Renewable Energy: Rivus Batteries (winner), with finalists Meva Energy and Raymond Solar (all three Gothenburg-based!). - Sustainable Transport: Logivity (winner), PowerCell Group and Greater Than. - Energy Optimization: Kanthal (winner), Pileus, and Rebaba. A big congratulations to all the finalists and winners for their dedication and efforts in developing the next generation energy technologies for a greener tomorrow! Read more about the award here (in 🇸🇪): https://lnkd.in/dAjU2Crp   Foto 1: Elias Ljungberg / Aktuell Hållbarhet

Great news, everyone! We have expanded our team with a great asset in the R&D department: Robert Scholem, who joins us as a fulltime Lab Engineer! Robert completed his MSc with us earlier this year, supporting our lab work on electrolyte formulation, organic flow battery testing and electrochemical analysis. His technical expertise and attention to detail made him a standout candidate. With a double Master’s in Renewable Energy Engineering from KTH Royal Institute of Technology and Instituto Superior Técnico, plus a background in Chemistry from Ecuador and passion for sustainable solutions, he brings a solid understanding of energy systems and chemistry. Beyond his work, Bob’s also an amazing baker and an avid weightlifter! Welcome aboard as a full-time employee, Robert, we’re lucky to have you! 💫 Lastly, kudos to Jonas Gratzer for the awesome photo!

Happy to be featured in today’s Dagens Industri addendum—one of Sweden’s largest newspapers! We’re in the midst of a major shift from fossil to renewable resources, particularly in our energy systems. Other sectors, like Sweden’s advanced chemical industry, are also making this transition. The Klimatledande Processindustri initiative brings together Chalmers University of Technology, Green-On , RISE Research Institutes of Sweden, Rivus Batteries, and several leading chemical companies to accelerate this shift. We’re committed to safer, greener battery technology and rely on the chemical industry for the production of our electrolytes, making concrete industry collaborations like Klimatledande Processindustri key to our mission. Read today’s Dagens Industri or the link below to learn more about the climate-focused projects in this initiative (in 🇸🇪): https://lnkd.in/dwDXGnbj

What a week! Our Cedrik, Lisa and Andreas attended The Business Booster - EIT InnoEnergy's annual conference where InnoEnergy portfolio companies get the chance to form connections and collaborations with the world's forefront investors, industry leaders and renewable energy companies. To name a few: EDF, ENGIE, TotalEnergies, Boryszew S.A. Breakthrough Energy , Cepsa, SHIFT Invest, Finindus, Eneco, Nesta, Vopak, Clean Energy Ventures, ACCIONA Energía, Edison and Naturgy. Together, these companies will be responsible for bringing TWhs (= a lot!) of renewable energy generation and storage to the grid, and it has been an honor for Rivus Batteries to discuss piloting, investments, the long-duration energy storage market and legislation/political mechanisms with them. It is more important than ever to work together to make sure Europe has a healthy and secure manufacturing industry for the clean energy transition. But enough of that - we are itching to share that we won the prestigious TBB pitching competition!! 🍾 Andreas delivered one of his best pitches to date, and we couldn't believe our ears when we made it to the finals, let alone to take the first place! Heartfelt thanks to EIT InnoEnergy for the opportunity and recognition - it means a lot to us. We also want to express our gratitude to be featured alongside groundbreaking startups such as hysun, PIONIERKRAFT, EcoBean and Nordic SeaFarm. Finally, many thanks for the valuable insight, advice and support from our peers, senior colleagues and leadership: Diego Pavia, Elena Bou, Jordi Hereu, Meva Energy, AQUABATTERY, CorPower Ocean, Repono, Sara Hjortmar, Niclas Davidsson, Megadeals and many more. #TBB2024 #OrganicFlowBatteries

Rivus in 1.5 min (in 🇸🇪) for the E-prize Award 👇 Preparing for this morning’s panel with the E-prize award we took the opportunity to make our first professionally produced video about our technology, how it can make a big impact and the team behind it. Thank you Dagens industri, Aktuell Hållbarhet and E.ON Sverige for spotlighting Rivus Batteries and other innovative Swedish energy solutions. Also very grateful to Founders Loft and Melisha Linnell for their support in producing the video, including the music!

We enjoyed being part of the E-prize panel this morning – Sweden’s biggest energy innovation award organized by Dagens industri, Aktuell Hållbarhet and E.ON Sverige! We are honoured to be one of the three finalists in the renewable energy category together with Meva Energy and Raymond Solar, all worthy winners accelerating the energy transition! The winners will be announced at the “Hållbart Näringsliv” conference on the 21 of November ☘️🤞 #Eprize #GreenTransition