Governor Moore invests $11 million in solid-state battery production

ANNAPOLIS, MD—Governor Wes Moore this week announced an $11 million investment to support the production of solid-state batteries. This funding will help ION Storage Systems in the development of next-generation batteries for the electric vehicle.

The funding visit was in partnership with Congressman Glenn Ivey. Governor Moore was joined by state and local officials as he toured the facility in Beltsville. ION Storage Systems is a spinoff from the Maryland Energy Innovation Institute at the University of Maryland.

The company has received grants from the Maryland Department of Commerce as well as the U.S. Department of Energy.

“Today, I’m proud to celebrate this important funding from the Biden-Harris administration’s historic Investing In America Agenda which is powering the commercialization of transformative energy technologies that companies like Ion Storage Systems are pioneering. I’m proud to partner with Governor Moore and the great State of Maryland to ensure that ION and other companies like it are creating jobs right here in Prince George’s County,” said Congressman Glenn Ivey.

ION Storage Systems CEO Ricky Hanna also expressed his gratitude for the support provided by the Governor and the State of Maryland.

“We are thrilled to have Governor Moore visit our facility,” said ION Storage Systems CEO Ricky Hanna. “The support from the Build Our Future Grant Pilot Program is a testament to the governor’s dedication to fostering innovation and supporting companies like ours that are driving technological progress. This grant, along with $20 million in federal DOE funding will accelerate our mission to provide cutting-edge Solid State Battery solutions. It also highlights Maryland as a logical and competitive landscape for other clean energy startups.”

The investment is part of the “Build Our Future Grant Pilot” program which is designed to accelerate growth in key sectors including aerospace and defense, biotechnology, life sciences, and cybersecurity. The program is funded by the Maryland Technology Development Corporation (TEDCO) and the Build Our Future Grant Pilot program.

This article was written with the assistance of AI and reviewed by a human editor.

Photo via the Maryland Governor’s Office