Honeywell joins forces with ESS to accelerate commercial application of iron flow battery energy storage systems

Honeywell recently announced a strategic cooperation with ESS Technology Company (hereinafter referred to as "ESS") to jointly promote the technology development and market application of iron flow battery (IFB) energy storage systems. As part of this collaboration, Honeywell will invest in ESS.

The two parties launched this cooperation based on each other's research and development of energy storage systems, combining ESS's unique market-leading iron flow battery design with Honeywell's professional high-performance materials and energy systems.

"Demand for long-duration energy storage technology is one of the compelling market opportunities in the energy transition, and the combination of Honeywell and ESS technology can accelerate the progress of carbon emission reduction in the industrial, commercial and utility sectors." Honeywell Features Bryan Glover, chief growth officer of the Materials and Technology Group, said, "Our strategic partnership with ESS will enhance Honeywell's ability to provide comprehensive solutions to customers while working to advance the use of long-duration energy storage in all industries that require widespread energy storage. Further development."

“Today, we are creating superior technology for the critical area of long-duration energy storage,” said Eric Dresselhuys, CEO of ESS. “By combining ESS’ innovative technology and deep practical experience with Honeywell’s storage and control systems expertise Combined, we will be able to drive the clean energy transition and create value for our customers, shareholders and communities."

Honeywell and ESS are working together to meet the growing global demand for long-duration energy storage amid the rapid growth of renewable energy generation. As countries around the world transition to zero-carbon energy, a large and rapidly growing market will emerge.

As the transition to renewable energy accelerates, the challenges posed by the intermittency of wind and solar power become increasingly prominent. Safe and sustainable iron flow battery technology enables energy storage solutions that do not rely on finite minerals such as lithium, cobalt or vanadium by leveraging Earth's abundant resources: iron, salt and water. The transition to clean energy is possible.