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September 04, 2015 6:26 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: 49
Founder and Chief Technology Officer
Chief Financial Officer
Age: 58
Vice President of Human Resources
Vice President of Business and Market Development
Compensation as of Fiscal Year 2015.

Aquion Energy, Inc. Key Developments

Aquion Energy and Eguana Technologies Announce Technology Partnership

Aquion Energy Inc., and Eguana Technologies announced that they have successfully completed field trials of Eguana's Bi-Direx inverter with Aquion's AHI high performance batteries. The testing undertaken by Aquion successfully demonstrated the technologies of both companies working together as an integrated energy storage module. Target applications for the integrated module include standalone and battery backup power, village power, remote microgrids, diesel optimization, and military power on demand. Further, the same platform can be easily adapted to meet the growing demand for battery-based solar PV self-consumption and residential battery backup storage systems. Under the partnership, the companies will jointly market and support the combined solution to system integrators, OEMs, and other companies deploying energy storage systems. Both companies' respective components are certified to UL standards and are in production and widely available for purchase.

Aquion Energy Cuts Jobs in Pittsburgh

Aquion Energy has reduced its headcount in Pittsburgh, laying off an undisclosed number of employees. The company confirmed that it has recently eliminated a handful of redundant positions as per the business needs.

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.

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