Ioxus, a manufacturer of ultracapacitor technology for use in transportation, industrial, and energy applications, today announced the opening of its second manufacturing facility in Oneonta, New York. The 22,000 square-foot plant, located less than a mile from Ioxus’ headquarters, will create increased capacity for both electrode manufacturing and module assembly to meet increasing demands for Ioxus products.
Ultracapacitors charge and discharge quickly, making them ideal for voltage support needs and recovering energy that would otherwise be lost. The design of Ioxus ultracapacitors allows for high duty cycle and a sustained high current throughput, which is integral to energy efficiency and achieving the optimum level of energy regeneration.
“Opening our second plant in Oneonta is the culmination of a busy four months for the company,” said Mark McGough, CEO, Ioxus. “So far in 2014 we announced FlexGen Power and The Long Island Rail Road as new customers, launched the iMOD X-Series and received $21 million in series C funding. The expansion of our manufacturing facilities allows us to meet the supply requirements of major new customers in these applications. Worldwide, Ioxus now utilizes over 100,000 square feet of manufacturing capability in four locations.”
Ioxus’ new site will add more than 30 new jobs in the Oneonta community, increasing the number of US employees to 150.
Filed Under: Energy storage, News