February 10, 2022: Stryten Energy announced on January 19 it was adding vanadium redox flow battery (VRFB) technology to its lead and lithium battery storage portfolio with the acquisition of Storion Energy’s assets.
In an exclusive interview to be published in the next edition of Batteries International, Stryten CEO Tim Vargo (pictured) reveals the thinking behind the company’s third acquisition in as many months — and the company’s determination to be a key player in the long duration energy storage market.
Since last November, US-based Stryten has also acquired Galvion and Tulip Richardson Manufacturing.
Vargo tells Batteries International: “We’ve been targeting acquisitions where we feel it’s best to leverage our manufacturing experience in energy storage.”
“We’ve been making lead energy storage for a long time, we know how to make large quantities using lead, and the same skill set can be applied to other things, such as lithium and vanadium.”
To read the full interview with Vargo, in the Winter 2022 edition of Batteries International, make sure you have subscribed. Click here to sign up today.