Ion Storage Systems eyes production of millions of batteries per year at multi megawatt-scale production facilities
WASHINGTON—Ion Storage Systems (ISS) recently announced its new 20,000-square-foot headquarters, located in Maryland’s Prince George’s County. The building includes office space for headquarters staff, quality control and research labs, and multi megawatt-scale production facilities scaled to produce millions of batteries per year, the company said in a release.
The new space marks the next major step in Ion’s scale-up to meet a growing production schedule. It will house essential functions necessary to the continued development of ISS’s batteries, reported to enable customers to break through barriers imposed by legacy chemistries.
Initial production will focus on serving the Department of Defense. Ion recently announced a $2 million contract with the Defense Logistics Agency to commercialize a conformal wearable battery for soldiers in the field, according to the release.
“Our new site is further indication that we are on track to deliver game changing batteries,” said Ricky Hanna, ISS CEO, in the release. “I am proud of my team and grateful to our investors, customers, and government agencies for giving us the support needed to reach this critical milestone.”
The lease and closing were facilitated by Maryland’s Prince George’s County’s Office of Economic Development Corporation (PGEDC). The move comes on the heels of new funding from the Defense Logistics Agency (DLA), the Department of Energy’s (DOE) Advanced Research Project Agency–Energy (ARPA-E), DOE’s Office of Energy Efficiency and Renewable Energy (EERE), and Army Research Lab (ARL), the release said.
“As a University of Maryland spin-out company, Ion Storage Systems demonstrates how great ideas and innovations can transition from the academic research lab to industry,” said University of Maryland Vice President for Research Laurie Locascio, Ph.D., in the release. “I’m particularly excited for Ion’s founders—Professor Eric Wachsman and University of Maryland alumnus Dr. Greg Hitz—whose persistence and ingenuity led to the commercialization of such an exciting technology breakthrough.”
Ion Storage Systems creates batteries that are safer, lighter, and enable form factors with tighter packing density to enhance system performance, the company said. Its stated aim is to empower innovators “to break down barriers in their product development cycles to redefine what’s possible and begin building the products of tomorrow today.”
“Ion Storage’s office acquisition further proves that Maryland’s tech sector is healthy and thriving,” said Kelly M. Schulz, Maryland Secretary of Commerce. “I am very pleased that this groundbreaking company continues to make our state proud.”