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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

Related failures

Often compared with: Tesla Energy, Fluence.