Energy Storage Firm Wins Financing Round
Battery and energy storage system developer Aquion Energy, Inc. said that it has completed the closing of a $55 million Series D financing round. Due to strong investor interest, the total amount of funding for this round was increased from the $35 million level previously announced by the company in April of 2013.
Aqueous Hybrid Ion (AHI™) batteries and energy storage systems are designed for the demanding requirements of both small and large-scale stationary energy storage applications. Aquion will begin shipping production units to customers in the first half of 2014 from its manufacturing facility in Westmoreland County, Pa.
The Series D financing includes participation from new investors Bill Gates, Yung’s Enterprise, Nick and Joby Pritzker through their family’s firm Tao Invest, Bright Capital, and Gentry Venture Partners. Previous investors Kleiner Perkins Caufield & Byers, Foundation Capital, and Advanced Technology Ventures also participated in the round.
- What You Need to Know About Demand Charges
- Choosing the Right LED Product for Industrial Lighting Applications
- Expert Q and A: Tips for Automating your Energy Data
- Guide to Energy, Carbon and Environmental Software
- Alarms Management: The Future is Now
- How "Fixed" is the Fixed Price Product?
- 2014 Energy and Sustainability Predictions: Findings from Leading Professionals
- EHS Managers: The Evolution from Necessary Evil to Vital Leaders
- Dow Chemical Company Optimizes Facility Management Worldwide
- Complex Manufacturing Assets Require Integrated Management
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement
- Smart Building Technology: The Key to Comprehensive Building Performance
- What Energy Managers Need to know about Procuring Natural Gas: Guidance for 2014 Natural Gas Contracts
- Energy Optimization from the Boiler Room to the Board Room
- Your Roadmap for Energy Management: First Stop – Myths & Realities of Energy Purchasing