Aquion Energy
Clean Energy / BatteriesUSAClosed 2017
Total Raised
$190M
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2017
Business model
Manufacture non-toxic, non-flammable saltwater battery technology for grid-scale and off-grid renewable energy storage.
In brief
Developed a genuinely novel battery chemistry using saltwater instead of the toxic, flammable materials in typical lithium-ion batteries, backed by prominent clean-energy investors including Bill Gates. The capital intensity of scaling battery manufacturing, combined with falling…
See the What Happened tab for the full account.
Key facts
- Founded
- 2008
- Closed
- 2017
- Headquarters
- Pittsburgh, USA
- Industry
- Clean Energy / Batteries
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Jay Whitacre
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Often compared with: Tesla Energy, Fluence.