Vionx Energy

For changing the way energy is stored through long-lasting grid-scale batteries.

Co-Founders:
Doug Alderton, Steven Armstrong, Michael Falcinelli, Dave Vieau
2016 Revenue:
Undisclosed
Industry:
Energy
Location:
WoburnMA 
Founded:
2014
45
Raised:
More than $30 million
 Photo Credit: Courtesy Vionx Energy

Why It's Disruptive

Vionx Energy is trying to solve one of the biggest issues with renewable energy: How do you get power from solar panels and wind turbines when the sun isn't shining and the wind isn't blowing? Vionx's durable storage units are like batteries that can hold and use that energy for up to 20 years. The technology can provide much-needed assistance to power grids by providing stable, long-lasting capacity, especially in cities with power needs generated from growing populations or neighborhoods that are underrepresented by power companies.

The company is currently working on getting its newest project up and running: a storage unit that pulls from wind turbines in Worcester, Massachusetts, and distributes the energy back to the community through the regional utility company National Grid.

Biggest Challenges

Vionx isn't the only company tackling the problem of storing renewable energy. As an upstart in the industry, it faces competition especially from makers of lithium ion batteries, such as Tesla, LG, and Samsung. But the company may have an edge: Lithium ion batteries can be volatile and they lose capacity over charging cycles, often requiring replacement in less than 10 years. --Emily Canal

MORE COMPANY INFORMATION

Twitter:
@VionxEnergy