WattJoule Corporation, a developer of next generation flow battery energy storage systems, has entered into an exclusive, worldwide intellectual property licensing agreement with the University of Tennessee Research Foundation. This agreement allows the full commercialization of patent pending, breakthrough energy storage technology developed over the last three years and funded by the Department of Energy’s Office of Electricity Delivery and Energy Reliability, under the program leadership of Dr. Imre Gyuk; the Office of Naval Research; and the National Science Foundation. The latter two funding sources have focused on various fundamental aspects of the technology.