BELTSVILLE, Md., Aug. 13, 2024 /PRNewswire/ -- Maryland Governor
Wes Moore, accompanied by
Congressman Glenn Ivey, ARPA-E
Director Evelyn Wang, Ph.D., the
President of the University of Maryland
Darryll Pines, Maryland State
Senator Jim Rosapepe, Maryland State Delegate David Fraser-Hidalgo and other Maryland state
and local officials, celebrated ION Storage Systems' (ION) recent
success at its Beltsville,
Maryland, facility. ION, a manufacturer of safe, high energy
density, fast charging solid-state batteries (SSB), recently
received a $1 million state grant
from the Build Our Future Grant Pilot Program, a
$1.5 million commitment from the
Maryland Technology Development Corporation, known as TEDCO,
through the Maryland Venture Fund, and a $20
million award from the U.S. DOE's Seeding Critical Advances
for Leading Energy technologies with Untapped Potential (SCALEUP)
program. During the visit to Beltsville, the governor announced
$11 million in funding to support
advanced manufacturing and innovation projects, as part of the
Moore-Miller Administration's commitment to making Maryland more
competitive.
"ION Storage Systems is a Maryland original. Their success
underscores our state's growing leadership in science, technology,
and advanced manufacturing," said Governor Moore. "Today, we
take another step toward driving public investment in the
innovation economy, creating jobs, and spurring growth for years to
come. In partnership, we will make Maryland the best place in the
world to change the world."
"ARPA-E's SCALEUP Program is designed to scale transformative
technologies that create more secure, affordable, and sustainable
energy," said ARPA-E Director Evelyn
Wang, Ph.D. "ION Storage Systems is well-positioned to
accomplish this goal, and we are excited to see what they
achieve."
"We are extremely proud that the foundations of ION Storage
Systems' work on revolutionary solid-state battery technology was
born out of research developed in the Maryland Energy Innovation
Institute (MEII), housed in the A. James
Clark School of Engineering at the University of Maryland and under the tutelage of
Dr. Eric Wachsman. Today, we
celebrate ION's innovative solution to a changing climate in the
form of a more energy-efficient, cost-effective, and durable
solution to battery technology. We wish them much success as they
leverage an ARPA-E SCALEUP Award to advance manufacturing processes
and their product development. Their solid-state battery solution
will inspire economic growth and job creation in Prince George's County and the entire state of
Maryland," said University of Maryland
President Darryll Pines.
"We are thrilled to have Governor Moore visit our facility,"
said Ricky Hanna, CEO of ION Storage
Systems. "The support from the 'Build Our Future Grant Pilot
Program' is a testament to the governor's dedication to fostering
innovation and supporting companies like ours that are driving
technological progress. This grant, along with the $1.5 million TEDCO investment and the
$20 million in federal DOE funding
will accelerate our mission to provide cutting-edge Solid State
Battery solutions. It also highlights Maryland as a logical and
competitive landscape for other clean energy startups. With the
state and federal government's support, ION Storage Systems will
grow to 80 employees by the end of the year as we scale up to meet
demand. We thank the governor for his vision, leadership, and
unwavering support."
During the visit, Governor Moore and the delegation of elected
officials toured ION's cutting-edge facility, getting a
firsthand look at the groundbreaking work in Solid State Battery
technology. The tour showcased ION's dedication to creating
advanced, safe, and sustainable battery solutions that are set to
transform the industry.
"To secure a more prosperous and sustainable future, we need to
further accelerate clean energy innovation. We are building that
future right here in Maryland by
investing in cutting-edge technological advancements like ION's
solid-state batteries. With robust federal ARPA-E investment, we're
not only helping create good-paying manufacturing jobs for
Marylanders – we're also helping leverage more clean energy
opportunities for growth and innovation through our partnerships
across the academic, private and public sectors," said Senator
Van Hollen, who was on hand
celebrating ION's commissioning of their production line in
May.
Congressman Glenn Ivey, who has
visited ION several times in the past, recently helped the company
celebrate a U.S. DOE grant for $20
million earlier this summer. "Today, I'm proud to celebrate
this important funding from the Biden-Harris administration's
historic Investing In America Agenda which is powering the
commercialization of transformative energy technologies that
companies like ION Storage Systems are pioneering. I'm proud to
partner with Governor Moore and the great State of Maryland to ensure that ION and other
companies like it are creating jobs right here in Prince George's County," said Congressman
Ivey.
Maryland State Senator (D-21)
Jim Rosapepe and Maryland State
Delegate (D-15) David Fraser-Hidalgo
were also on hand at the event. "If electrification is mission
critical to fighting climate change, then a technological leap in
energy storage is mission critical to electrification. That's what
this new battery manufacturing plant in Beltsville is all about," said Senator
Rosapepe.
About ION Storage Systems, Inc.
ION offers a uniquely
adaptable solid-state battery solution for a variety of
applications including defense and aerospace, consumer electronics,
electric vehicles, and grid storage. The product of a
materials-science-based approach, ION's patented solid-state
lithium metal technology can offer a battery without cobalt,
nickel, and other less sustainable materials offering a variable
architecture of revolutionary 3-D, ceramic structure, built with
rapidly scalable manufacturing in mind. ION leverages a unique
ceramic cell design that supports the use of current and next-gen
cathode chemistries, promoting circularity and recycling, avoiding
the issues and challenges of mining, and refining rare earth
metals.
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SOURCE ION Storage Systems