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.
*Based on Preferred Stock Price
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