Aquion Energy, a Pittsburgh, PA-based manufacturer of energy storage systems, raised $24.6m in funding.
According to a regulatory filing with the S.E.C. (read here), a total of eight people have invested in the offering, which amounts to $32.6m.
The company intends to use the funds to accelerate growth.
Led by Scott A. Pearson, CEO, Aquion has developed battery systems (Aqueous Hybrid Ion – AHI™) whih provide modular energy storage that optimizes existing generation assets and enables broad adoption of renewable energy technologies such as wind and solar. They are optimized off-grid and microgrids, energy management, and grid-scale energy storage applications.
The company has a manufacturing facility in Westmoreland, Pennsylvania and a sales and marketing office in Framingham, Massachusetts.
FinSMEs
03/10/2014