Solar Love
  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls

Solar Love

  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls
Energy Storage

$38 Million For Grid Storage Startup Aquion Energy

by Jake Richardson November 14, 2014
written by Jake Richardson November 14, 2014
$38 Million For Grid Storage Startup Aquion Energy

Pennsylvania-based Aquion Energy has secured $36.8 million in funding. This latest addition is its round E. Round D was closed in January of 2014 for $55 million. Some of its investors are Kleiner Perkins Caufield & Byers, Bill Gates, Bright Capital, Foundation Capital and a number of others.

aquion energy

Aquion has developed a sodium-ion battery technology with a price target of $250 per kilowatt-hour. The startup says its batteries have a ten-year lifespan with energy efficiency of 85%. 1.5-kilowatt-hour S10 Battery Stack units are being produced currently, as is a 18-kilowatt-hour system. Stem and Greensmith are already using some its products in pilot projects in California and Hawaii. A 14-kilowatt-hour system will be used in a DOE demonstration project to supply grid support.

Aquion is also providing batteries for testing to Siemens in Germany. “With its novel Aqueous Hybrid Ion technology, Aquion has emerged with an exciting new energy storage solution. We want to explore the Aqueous Hybrid Ion technology proposed by Aquion, validate its capabilities and potential for offering cost effective grid-scale deployments and energy efficient Microgrid and Renewables support functions,” said Dr. Razvan Panati, from Siemens Industry.

Carnegie Mellon University professor Jay Whitacre developed the battery chemistry. A carbon anode and sodium and magnesium oxide cathode with a water-based electrolyte are used. These materials are cheaper than those utilized by lithium-ion batteries. Additionally, they are non-toxic and not flammable.

Intended applications are microgrids, island grid systems, emergency backup systems, storage for peak demand support and more.

The non-toxic, non-flammable and low cost attributes of Aquion batteries might seem to lend themselves to usage as EV batteries, but they were designed for stationary energy storage. Grid storage is a fascinating concept because it seems to disrupt the economics of a closed system, meaning that utilities are investing in new technology to become more energy efficient not to be ‘green’ but because it can help their bottom lines.

Related:

Aquion Energy Reveals Second-Gen AHI Battery Technology, 40% Increase In Energy

Innovative Battery Startup Aquion Brings In $55 Million

Aquion Energy And Siemens Industry Teaming-Up To Offer Integrated Grid/Micro-Grid Energy Storage Systems

Aquion Energy
0 comment
0
FacebookTwitterPinterest
Jake Richardson

has been writing about solar energy for years on sites like CleanTechnica, Care2, and Planetsave. He enjoys the outdoors and is passionate about protecting life on this planet. You can connect with Jake on Google Plus.

previous post
Solar Power Could Be Stored As Hydrogen (Research)
next post
Solar CEO Says Republican Congress Could Be Good

You may also like

Solar+Storage Project Awarded In India’s Andaman Islands

April 23, 2018

Report: US Energy Storage Market To Triple In...

March 10, 2018

Nissan & Eaton Bring Residential Storage Batteries To...

May 8, 2017

NREL Releases Landmark Residential Solar + Energy Storage...

March 30, 2017

Solar + Storage Already Cheaper Than Grid In...

March 28, 2017

Sonnen Plans Atlanta Headquarters For US Residential Battery...

March 27, 2017

Musk Plan For Grid Storage In South Australia...

March 15, 2017

Tesla Powerpack Installation On Kauai Turns Tesla Into...

March 8, 2017

Nothing Can Stop Renewables Now: Top Energy Storage...

February 19, 2017

The Great Energy Disruption

February 14, 2017

Follow Me

Facebook

Recent Posts

  • Meet PVCase: A 3D Solar Design Software That Every PV Designer Should Consider

    June 12, 2019
  • Mitsui To Partner With Indian Company For Distributed Solar Projects

    June 10, 2019
  • India’s NTPC Offers Solar Project Management Services To ISA Members

    June 9, 2019
  • Equinor & Scatec Solar Complete 162 Megawatt Brazilian Solar Plant

    November 29, 2018
  • Gamesa Awarded 400 Megawatt Solar Project In Egypt

    November 29, 2018
  • Facebook

@2019 - All Right Reserved solarlove.org


Back To Top