Aquion Energy, Inc., a Pittsburgh, PA-based developer of stage energy storage batteries, received a $20m venture debt loan.
The company intends to use the proceeds to continue building and scaling the business.
In January 2014, Aquion closed a $55m Series D round of equity funding from Bill Gates, Yung’s Enterprise, Tao Invest, Bright Capital, and Gentry Venture Partners. It manufactures proprietary Aqueous Hybrid Ion (AHI™) batteries and battery systems for stationary energy storage applications. AHI batteries are optimized for off-grid and microgrid systems, energy management, and grid-scale applications.
08/01/2014: Aquion Energy Raises Additional $20M Series D Financing
02/04/2013: Aquion Energy Holds First Close of $35M Series D Financing