Battery startup Aquion Energy gears up for production
Grid battery startup Aquion Energy announced that it plans to build a factory in Pennsylvania and begin production of its sodium batteries starting in 2013. The company — backed by Kleiner Perkins, Foundation Capital, Advanced Technology Ventures and the Department of Energy — is using basic materials like sodium and water to build modular batteries that will be able to provide energy storage services for the power grid. Aquion Energy says it's leasing a facility from the Regional Industrial Development Corporation in Westmoreland County, Pa., and the company plans to start building out the factory infrastructure soon. Battery production will start in 2013, and the factory will create 400 jobs by the end of 2015, says the company.
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