ONAMI Gap Fund Company Energy Storage Systems Wins $1.725M ARPA-E Award

August 02 2012

ONAMI gap fund portfolio company Energy Storage Systems of Portland, OR, has won $1.73 million for a flow battery for the grid, with an electrolyte made of low cost iron, and using a next-gen cell design.  ESS, led by CEO Craig Evans and CTO Julia Song, was one of 19 organizations, and one of only 7 companies, selected to receive funding for transformative early stage innovations in battery management and storage to advance electric vehicle technologies, help improve the efficiency and reliability of the electrical grid and provide important energy security benefits to America’s armed forces. Project awards totaled $43 million, as announced today by the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).

ESS, developing a highly innovative multi-layer electrode and cell design that maximizes active electrode surface area while minimizing system pressure drops, is an office and laboratory tenant at the Portland State University Business Accelerator and a regular user of the PSU Center for Electron Microscopy and Nanofabrication.

An analysis article at GigaOM.com describes the ARPA-E strategy to enhance U.S. commercialization success in the next wave of energy storage applications, and highlights the 7 companies (including Ford, GE GLobal Research and Eaton) receiving awards.  The full list of recipients can be viewed here.

Additional Links