ENERGY STORAGE

Saint-Gobain’s NOVA invests in US grid battery provider ION

December 14, 2023

NOVA, the venture arm of manufacturer Saint-Gobain, has invested in US grid storage battery provider ION Storage Systems.

ION also provides battery solutions for applications used in defence, aerospace, consumer electronics and electric vehicles.

Basma Kharrat, vice-president external venturing at Saint-Gobain, said: “This investment is key in NOVA by Saint-Gobain’s strategy of seeking start-ups providing innovative solutions for our focused industries. The opportunity of partnering with ION Storage will enable our teams to support the continued growth of this promising start-up, while bringing insights and expertise on battery applications to our Ceramics businesses.”

Ricky Hanna, CEO of ION Storage Systems, said: “The world is rapidly evolving towards a more resilient, mobile and electrified economy. The backbone of this movement are the batteries that will power it and, until now, battery technologies simply haven’t been up to the moment. ION envisions a world where technologies reliant on batteries are not limited by the form factor of those solutions, instead realizing the true potential of next generation, solid-state battery technology. We’re not content with the status quo, and are built to break conventions. We know we have found a like-minded partner in Saint-Gobain to help us drive a revolutionary step-change in the chemistry, architecture and manufacture of batteries.”