A Beltsville manufacturer of fast-charging, solid-state batteries has opened a new manufacturing facility to accelerate the production of batteries used in everything from smartwatches to electrified ferries.
Ion Storage Systems expects the 30,000-square-foot facility, built next to its headquarters at 12500 Baltimore Ave., to churn out 1 MWh of battery cells — enough to power the average U.S. home for a little over a month — by the end of this year and it could reach 10 MWh of battery cell production by early 2025.
The company’s batteries can be used in small, personal devices such as watches and smartphones to much more power-intensive products like electric vehicles. Ion Storage Systems, which has received over $10 million in awards from the Department of Energy’s Advanced Research Projects Agency-Energy program, counts the U.S. Army as its first customer and is working to deliver 1.4 million batteries for military use.
To date, Ion Storage Systems has raised over $52 million in outside investment and is looking to soon close a $15 million funding round that’s being led by French building materials giant Saint-Gobain.
