Aquion Energy Announces $35 Million Financing Round to Support Commercialization and Launch of Novel Energy Storage Systems
Summary
Specifically developed for the demanding requirements of both small and large-scale stationary energy storage applications, Aquion’s products and solutions offer a unique and compelling combination of high performance, low cost, operational safety, and sustainability. We expect Aquion’s products to be a key enabler for the emerging energy storage industry that many experts predict will grow exponentially in the next decade,” said Mikhail Chuchkevich, Managing Director of Bright Capital. Aquion’s battery systems provide flexible, emissions-free capacity that optimizes existing generation assets and enables broad adoption of renewable energy technologies such as wind and solar. Founded in 2008 and headquartered in Pittsburgh, Pennsylvania, Aquion’s proprietary aqueous hybrid ion chemistry is based on the research of Carnegie Mellon University Professor Jay Whitacre. ATV works closely with entrepreneurial teams in several technology markets, including cleantech, biotechnology, medical devices, communications, IT infrastructure, and software and services, to build strong, sustainable business enterprises.