Trinity Capital Investment and CapX Partners have announced a $20 million venture debt loan to Aquion Energy to support its growth and commercialization of innovative Aqueous Hybrid Ion battery technology.

Information on the Target

Aquion Energy, Inc. is an innovative energy storage company specializing in the manufacture of proprietary Aqueous Hybrid Ion (AHI™) batteries. These batteries and systems are particularly suited for stationary energy storage applications, including off-grid and microgrid systems, energy management, and grid-scale deployments. Aquion's advanced technology not only prioritizes safety and sustainability but also delivers exceptional value, making it a competitive player in the energy storage market.

Recently, Aquion sought new financing solutions to restructure its existing debt and augment its working capital. With over $100 million in total funding and grants raised to date, including a notable $55 million Series D equity round in January 2014 backed by investors such as Bill Gates and Tao Invest, Aquion is well-positioned to further commercialize its groundbreaking battery technology.

Industry Overview in the Target’s Specific Country

The energy storage industry in the United States has seen significant growth in recent years, fueled by technological advancements and increasing demand for renewable energy source