Breaking: XL Batteries commissions first Organic Flow Battery in Texas $28M total capital raised by late 2025 Non-flammable. Non-toxic. Non-corrosive. Duration scales by the tank: 10, 20, even 50 hours Partnered with Prometheus Hyperscale for U.S. data centers Born from a Columbia University lab, 2019 Breaking: XL Batteries commissions first Organic Flow Battery in Texas $28M total capital raised by late 2025 Non-flammable. Non-toxic. Non-corrosive. Duration scales by the tank: 10, 20, even 50 hours Partnered with Prometheus Hyperscale for U.S. data centers Born from a Columbia University lab, 2019
XL Batteries logo
Fig. 1 - The wordmark of a company betting that the safest battery is also the cheapest. Marlborough, Massachusetts.
Company Dossier / Long-Duration Energy Storage

XL Batteries

The startup storing the grid in a tank of pH-neutral water - no lithium, no fire, no drama.

2019Founded
$28MTotal Capital
50hMax Duration
20+Year Lifespan
0Fires
The Scene

At a Texas fuel terminal, a battery quietly refuses to catch fire

Picture a shipping terminal on the Gulf Coast. Tanks, pipes, pumps - the unglamorous plumbing of industry. Tucked among them sits something that looks suspiciously ordinary: more tanks, more pipes, more pumps. Only this array is a battery. When it charges, nothing glows. When it discharges, nothing smokes. If a hose burst, what would spill out is closer to water than acid.

This is XL Batteries' first Organic Flow Battery, commissioned in 2025 in partnership with Stolthaven Terminals. It is deliberately boring, and that is the entire point. The company's wager is that the future of grid storage will not be won by the most exotic chemistry - it will be won by the one you can build from commodity parts and never have to evacuate the building for.

"The economics of this are very compelling." - and the fire marshal has nothing to do.

XL Batteries makes a flow battery: energy lives in a liquid, pumped through a cell that charges and discharges it. Where the industry standard dissolves vanadium in sulfuric acid, XL dissolves proprietary organic molecules in pH-neutral water. The result is non-flammable, non-toxic and non-corrosive - and, the company says, three to four times cheaper than the vanadium it replaces.

Want more hours of storage? Buy a bigger tank.

The XL Batteries design philosophy
Origin

It started as red paint

In 2019, Tom Sisto was in a Columbia University lab synthesizing molecules for solar cells - specifically, a bright red pigment. His team noticed something strange: the molecule refused to degrade when it was charged and discharged, over and over. In most research that would be a curiosity. Sisto saw a battery.

A molecule that never wears out is exactly what a storage system needs. XL Batteries was founded to commercialize that patented chemistry, and Sisto - now CEO - recruited a team with unusually deep battery pedigree, including a co-founder and CTO of A123 Systems (the largest battery IPO of 2009) plus executives from Pfizer and Plug Power.

The mission is plainly stated: create the world's lowest-cost, safest and most efficient long-duration energy storage. The subtext is geopolitical. XL's feedstocks are abundant and domestically sourced - a deliberate hedge against China's grip on the lithium supply chain.

A molecule discovered in solar-cell paint, now asked to outlive the grid it serves.
The Machine

What's actually in the box

Organic electrolyte

Proprietary organic molecules derived from abundant oil-and-gas feedstocks, dissolved in pH-neutral water. No vanadium, no sulfuric acid, no corrosion.

Commodity hardware

Built from commercially available pumps, tubes and tanks - not exotic supply chains. If you can plumb it, you can scale it.

Duration on demand

Power and energy are decoupled. Need 10, 20 or 50 hours of discharge? Enlarge the tanks. Storage becomes a plumbing decision, not a chemistry problem.

Safety by design

Non-flammable, non-toxic, non-corrosive. A leak is a spill, not a hazmat event - which changes where and how you can site it.

Cost target: Near-term below $200/kWh for long durations - undercutting lithium-ion at the durations that matter.
Efficiency: Roughly 70-75% round-trip (vs ~85-90% for lithium), a trade the economics forgive at long duration.
Lifespan: 20+ years of service, thanks to a molecule that resists degradation.
Sweet spot: Economically viable at 6+ hours - where lithium-ion gets expensive fast.
Capital

Following the money

By late 2025, XL Batteries had raised roughly $28 million in total capital across seed financing, backed by climate and strategic investors.

2023
Seed - $10M
2025
Seed - $7.5M (Merrin Investors)
Total
~$28M cumulative

Investors include Merrin Investors, Plug and Play Tech Center, Measured Ventures, Sandy Spring Climate Partners and Catalus Capital Management. Figures approximate, per public reporting.

Recent Dispatches

The last 12 months

Who It Serves

Who plugs in

XL sells to the parts of the economy that need a lot of power for a long time and can't afford a fire: utilities and grid operators smoothing renewables, industrial and chemical terminals hardening their own supply, and - increasingly - the data-center developers scrambling to feed AI.

The pitch to each is the same. Renewables are cheap but intermittent; the grid needs somewhere to park energy for hours or days at a stretch. Lithium-ion is superb for short bursts and pricey for long hauls. XL's flow battery is built for exactly the long hauls lithium struggles with - and it can sit next to a building without a sprinkler-system argument.

The alternatives are vanadium flow makers like Invinity, long-duration players like Form Energy and ESS, and the incumbent everyone knows: lithium-ion.
Marginalia

Four things worth knowing

01 / Accidental battery

The core molecule started life as bright red paint for solar cells. It simply refused to degrade - so they made it a battery.

02 / Duration by the gallon

Run time is set by tank size. Storage capacity becomes a question for the plumbing department.

03 / A leak is a spill

The electrolyte is pH-neutral water. Worst case looks more like a mop job than an evacuation.

04 / Off-the-shelf guts

Pumps, tubes and tanks you can buy today - no bespoke supply chain to hold the whole thing hostage.

The Scene, Revisited

Back at the terminal

Return to that Gulf Coast terminal. The array is still there, still humming, still refusing to be interesting. But the meaning of the scene has shifted. What looked like ordinary plumbing has quietly become an argument - that the grid can be backed by storage nobody has to fear, built from parts nobody has to import, running for decades on a molecule that was almost thrown away.

Six years ago it was a red pigment on a Columbia lab bench. Now it is on a factory floor in Marlborough and a terminal in Texas, and soon, if the data-center deals hold, humming beside the servers training the next model. XL Batteries hasn't won the grid yet. But it has made the boring battery worth watching - and in energy, boring is a compliment.

The most radical thing about XL Batteries is how little there is to be afraid of.
The Rolodex

Go deeper

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The Red Paint That Became a Battery

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Why Boring Chemistry Beats Lithium for the Grid

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