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April 21, 2015 1:39 PM ET

Electrical Equipment

Company Overview of Aquion Energy, Inc.

Company Overview

Aquion Energy, Inc. produces energy storage solutions. It offers sodium-ion batteries for use in micro-grid support, off-grid generator optimization, and grid-level energy service applications by integrated utilities, transmission operators, independent power producers, centralized and off grid renewables, industrial customers, and individual consumers. The company was formerly known as 44 Tech Inc. and changed its name to Aquion Energy, Inc. in 2010. Aquion Energy was founded in 2007 and is based in Pittsburgh, Pennsylvania.

32 39th Street

Pittsburgh, PA 15201

United States

Founded in 2007

Phone:

412-408-3383

Key Executives for Aquion Energy, Inc.

Chief Executive Officer and Director
Age: 48
Founder and Chief Technology Officer
Chief Financial Officer
Age: 57
Vice President of Human Resources
Vice President of Business and Market Development
Compensation as of Fiscal Year 2014.

Aquion Energy, Inc. Key Developments

Aquion Energy, Inc. Enters Agreement for Major Microgrid Battery System Deployment at Bakken Hale in Hawaii

Aquion Energy, Inc. announced that it has signed an agreement to supply a 1 megawatt-hour (MWh) battery system as part of an off-grid solar microgrid at Bakken Hale on the Island of Hawaii. Bakken Hale, a private residential estate, is located along the environmentally sensitive Kona Coast. The Aquion battery system will store energy generated from a large on-site solar installation and will enable Bakken Hale to operate entirely from self-generated solar power. The off-grid microgrid system will be designed and installed by Renewable Energy Services, Inc. [2] (RES), an experienced solar system installer in Hawaii. The microgrid uses a 176 kW solar array, a 1 MWh Aquion AHI battery system, and a propane-fueled generator used solely for emergency backup. The system is designed to generate 350 MWh per year silently from the sun, with little maintenance for 20 years. Over that time, the system will reduce carbon dioxide emissions by more than 5,000 metric tons. The batteries will charge from the solar array during daylight hours, and discharge to provide nighttime power on a daily 8-hour charge/16-hour discharge cycle. Aquion battery systems are well suited for this type of long-duration, daily cycling charge/discharge profile.

Aquion Energy, Inc. Presents at U.S. Solar Market Insight Conference, Dec-08-2014 02:30 PM

Aquion Energy, Inc. Presents at U.S. Solar Market Insight Conference, Dec-08-2014 02:30 PM. Venue: San Diego, California, United States. Speakers: Matthew Maroon, Senior Director, Product Management.

Aquion Energy Unveils Next Generation of AHI Battery Technology

Aquion Energy, Inc. unveiled the second generation of AHI technology, delivering energy gains of up to 40%. The increased energy is achieved without an increase in the size or weight of either the S-Line Battery Stack or M-Line Battery Module product lines and directly translates into improved performance and delivered value in all of Aquion's target applications. Aquion's entire product line will see improvements with the second generation of AHI technology, including both the S-Line Battery Stack and M-Line Battery Modules. At shorter four to eight hour discharge rates, systems will experience an energy increase of up to 40%. At longer 20 hour discharge rates the second generation S-Line Battery Stack will see a 24% increase in energy to 2.4 kilowatt-hours, while the new M-Line Battery Module will see a 16% increase, now totaling 25.5 kilowatt-hours. The substantial increase in energy was achieved through improved utilization of the active material within the AHI cells.

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