nanoFlowcell Holdings plc establishes subsidiary in USA

• nanoFlowcell Holdings plc establishes U.S. subsidiary to advance clean energy initiatives
• Establishment of nanoFlowcell USA LLC in New York, NY
• Company positions for growth and reinforces global leadership in sustainable flow-cell energy systems

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Zurich, Dec. 15, 2022 -- nanoFlowcell Holdings plc, a London-based research and development company specializing in sustainable energy and flow-cell technologies, today announced the formation of its U.S. subsidiary, nanoFlowcell USA LLC, headquartered in New York, NY. The new subsidiary will commence operations immediately.

nanoFlowcell USA LLC will focus on adapting nanoFlowcell® flow-cell energy systems to U.S.-specific applications and advancing new market-oriented use cases. The company will also localize the production plans for its QUANT E-series vehicle platform and oversee the establishment of a large-scale bi-ION® electrolyte production facility to support the distribution of renewable, transportable energy for nanoFlowcell®-powered systems.

The proprietary bi-ION® electrolyte developed by nanoFlowcell is a non-toxic, non-flammable, and recyclable liquid energy carrier. It enables safe, large-scale storage and distribution of renewable electricity, offering a viable alternative to lithium-based energy systems. nanoFlowcell aims to produce bi-ION® exclusively using electricity from 100 percent renewable sources.

nanoFlowcell® flow-cell technology provides a scalable, zero-emission energy solution that supports the transition toward a climate-neutral energy infrastructure. In alignment with international decarbonization goals such as the Paris Agreement, nanoFlowcell® systems offer a safer and more sustainable alternative to conventional batteries, particularly for energy-intensive sectors and transportation.

“nanoFlowcell® and bi-ION® are enabling technologies for the energy transition,” said Nunzio La Vecchia, CEO and CTO of nanoFlowcell Holdings plc. “To ensure energy from renewable sources is both storable and transportable, we need dedicated infrastructure and a clear strategy. The establishment of nanoFlowcell USA marks an important milestone in our global development roadmap.”

Production costs for bi-ION® are directly linked to electricity prices. With the Inflation Reduction Act expected to accelerate the deployment of low-cost solar power in the United States, nanoFlowcell anticipates improved cost competitiveness for bi-ION® in the North American market.

“The Inflation Reduction Act represents the largest investment in clean energy in U.S. history, with significant implications for renewable energy deployment,” La Vecchia said. “However, we do not intend to pursue public funding for nanoFlowcell USA. Instead, we will focus on forming strategic partnerships to develop the necessary manufacturing infrastructure and integrate flow-cell technology across multiple sectors.”

“Our broader objective with nanoFlowcell USA is to support the decarbonization of the global economy while contributing to long-term economic, social, and environmental value creation,” he added. “The clean energy sector is projected to create more than 500,000 new jobs in the U.S. We are committed to being part of that growth.”