Funding Received
$114.1 Million in 4 Rounds from 11 Investors
Most Recent Funding
$20 Million Debt Financing on May 12, 2014
Founded:
2008
Headquarters:
Pittsburgh, PA
Description:
Aquion Energy is a company that manufactures sodium ion batteries and energy storage systems.
Founders:
Professor Jay Whitacre
Categories:
Clean Technology
Website:
http://www.aquionenergy.com

Detailed Description

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Aquion Energy is fundamentally­­ changing the economics of power generation, transmission and distribution by developing and commercializing cost-effective energy storage solutions that are safe, reliable, and sustainable from nontoxic components as simple as saltwater. Based on the research of Carnegie Mellon University Professor Jay Whitacre, Aquion's proprietary Aqueous Hybrid Ion (AHI™) battery overcomes the pitfalls of conventional energy storage technologies. AHI systems enhance the electrical grid by providing flexible, emissions-free capacity that optimizes existing generation assets and enables broad adoption of renewable energy technologies.

Assembling a team of investors and management, Aquion has has grown from a team of 6 people in January 2010 to over 125 people today. The company has constructed a full-scale manufacturing facility in Western Pennsylvania, which is currently in the process of ramping up production and will eventually create over 500 jobs and produce 500 MWh/year of energy storage at full capacity.

Current Team (11)

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Board Members and Advisors (1)

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Investors (2)

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  • F96a3d5cf2d7f1dc9ab9073215e4cbd8

    CapX Partners

    CapX Partners is a capital provider to small- and medium-sized businesses.
  • Syqj3bdouwqgrtyanwcw

    Trinity Capital Investment

    Leading provider of venture loans and leases for emerging growth startup companies seeking access...

Offices/Locations (1)

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  • Office

    32 39th Street

    Pittsburgh, PA 15201

    USA

Images (1)

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