Advances in Redox Flow Batteries – A Comprehensive Review on Inorganic and Organic Electrolytes and Engineering Perspectives

Abstract Development and application of large‐scale energy storage systems are surging due to the increasing proportion of intermittent renewable energy sources in the global energy mix. Redox flow batteries are prime candidates for large‐scale energy storage due to their modular design and scalability, flexible operation, and ability to decouple energy and power. To date, several different redox couples are exploited in redox‐flow batteries; some are already commercialized. This battery technology is facing a lot of challenges in the science, engineering, and economic front. Issues plaguing flow batteries are low energy density, high overall cost, poor stability of electrolytes, shifting of solvent from anolyte to catholyte while using cation exchange membrane, reverse flow with anion exchange membrane, and corrosion of graphite felt in the catholyte side. Significant research efforts are ongoing to address these challenges. This comprehensive and critical review summarizes the recent progress in electrolyte technologies, including electrochemical performance and stability, strategies to enhance the energy and power densities and, in the end, the levelized and life‐cycle cost of these batteries analyzed. A comprehensive outlook on this technology with respect to practical energy storage applications is also provided.