Vionx Energy’s partners have brought together their deep expertise in technology, energy, manufacturing and financing to bring about the next great evolution in grid management and optimization. These partners did not rush into the energy storage space. Instead, they worked diligently for years to develop a practical solution, and have only now entered the market with a product they can put their full confidence in.
United Technolgies Corporation
A Fortune 50 company with revenue over $62 billion in FY2013. Iconic divisions of UTC include Pratt & Whitney, Sikorsky Helicopter, Carrier, and Otis Elevators. UTC developed the core flow battery technology based on its decades fuel cell technology expertise and will be an equity owner of Vionx Energy and conduct ongoing research and development.
Jabil Circuit Inc.
Jabil is the largest contract manufacturer in the United States and the third largest in the world. Jabil had over $18 billion of revenue in FY 2013, and owns over 90 plants located in 33 countries. Jabil’s unique combination of global expertise, ingenuity, analytics and financial performance has contributed to the success of the world’s most well known brands. Jabil will provide Vionx Energy manufacturing capabilities, including building out facilities, tooling, and operation and supply chain management.
VantagePoint Capital Partners, L.P. funds transformative companies in energy, among other sectors; has over $4 billion of committed capital; and is a current investor in Vionx Energy. Portfolio company investments include BrightSource Energy (concentrating solar power technology), Goldwind (wind turbine OEM), Tendril (energy ecosphere software), and Tesla Motors (electric cars).
Starwood Energy is a private equity investment firm that specializes in energy infrastructure investments and is a current investor in Vionx Energy. Starwood Energy and its affiliates have committed to transactions totaling approximately $3.8 billion in enterprise value. Starwood Energy is affiliated with Starwood Capital Group Global, L.P. Starwood Capital has completed over 500 transactions representing assets of over $44 billion.