Energy Storage Firm Gets $20M Venture Debt Loan
Trinity Capital Investment and CapX Partners closed a $20 million venture debt loan to meet the existing and future debt financing needs of Aquion Energy, an early stage energy storage company with a proprietary battery technology.
In January 2014, Aquion closed a $55 million Series D round of equity funding to continue the commercialization of its Aqueous Hybrid Ion (AHI) battery technology. The equity funding was provided by new investors including, Bill Gates, Yungâ€™s Enterprise, Tao Invest, Bright Capital, and Gentry Venture Partners, bringing the companyâ€™s total invested capital and grants to more than $100 million.
Aquionâ€™s battery technology has been developed for off-grid and micro-grid, energy management, and grid-scale storage applications.
Trinity and CapX partnered together to deliver a $20 million credit facility that includes an interest-only period to assist Aquion with its cash flow and continued commercialization of its energy solutions while providing the flexibility for additional debt capital in the future.
- 2015 Environmental Leader Product & Project Awards
- The Future of Operational Risk Management: The Oil & Gas and Chemicals Approach
- Smart Companies Utilize Integrated Energy Solutions
- Improve Your Company's Environment and Energy Performance
- Unlocking the Value of Energy & Operational Data
- Combined Heat and Power
- Gartner Magic Quadrant
- Best Practices in Electricity Procurement
- Increase the Value of Demand Response Through Automation
- How "Fixed" is the Fixed Price Product?
- Connected Buildings, Connected People: A Look to the Future
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies