Looking Back at the Year’s Top Energy Storage Developments

2011 is coming to a close, and there’s no better time than now to look back at some of the most exciting moments of the past 12 months. We’ve had an exciting year both at Ioxus and in the energy storage industry. Here are our favorite news stories of 2011:

  • In April, we closed our Series B round of financing with a $21 million investment. We’ve used this funding to grow our sales, marketing and manufacturing operations as well as support research and new advancements in the energy storage industry.
  • Elon Musk, CEO of Tesla Motors, voiced his confidence in ultracapacitors when he said electric vehicle (EV) industry growth has been hindered because of battery limitations, but now the industry is moving, “away from battery technology altogether, into the realm of the humble capacitor.”
  • In an exciting company development, we moved our headquarters to the former Soccer Hall of Fame in July. The new headquarters is five times larger in order to house our growing staff, and it also holds our state-of-the-art ultracapacitor manufacturing facility. Ioxus hosted NY politicians, officials and organizations for a great grand opening celebration.
  • As confirmation of the growing global demand for ultracapacitors, Ioxus broadened its customer reach with a distribution partnership with WPG Americas this August.
  • Impending CAFE standards mean automakers are searching for ways to improve fuel efficiency, and New York Times reporter Matthew Wald noted ultracaps as one such solution. Using an ultracap in combination with a battery will help meet the average 35.5 miles per gallon fuel requirement for 2016 models.
  • In October, Ioxus was named to the prestigious Global Cleantech 100, chosen from more than 4,000 nominees. This recognition is further confirmation of the rising global use of ultracaps.
  • This fall saw the launch of the first module in Ioxus’ iMOD series: the 16V/58F iMOD. The 16V iMOD provides high performance, high efficiency and high reliability in a ready-to-use package that undercuts existing market prices.

Here’s looking forward to 2012.

Latest News

  • IOXUS' uSTART® Receives Edison Award for its Engine Enhancement Innovation

    Ioxus, designers and manufacturers of smart power solutions based on its widely used ultracapacitor technology, today announced that it was named a Bronze winner in the Engine Enhancement category of the 2018 Edison Awards. The announcement was made at the Edison Awards Gala in New York City.

    “We are very proud to have received an internationally recognized Edison Award and to be named a winner alongside companies like Mazda Motor Corporation and CFM International, a joint company of GE and Safran Group, for our engine enhancement achievements,” said Mark McGough, CEO and president of Ioxus, Inc. “This award is recognition that uSTART is proving highly reliable and valuable for fleets in the trucking industry. Being recognized with an Edison Award is one of the highest accolades we can receive in the name of innovation.”

    Inspired by Thomas Edison’s persistence and inventiveness, the Edison Awards are judged by a panel of more than 3,000 leading business executives, including past award winners, academics and leaders in the fields of product development, design and engineering. The judges recognize products as true innovations in their category.

    In addition to the Awards Gala, the annual Edison Awards program encompassed a full-day, “Meet the Innovators Forum” and the, “Innovators’ Showcase,” which offered guests a hands-on experience with read more...

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