OverviewSustainX is a leading global provider of grid-scale energy storage solutions for supporting a cleaner and more efficient electric grid. The company was founded in 2007 and spun out of the Thayer School of Engineering by Troy McBride, Ph.D., Ben Bollinger, Ph.D., Dax Kepshire, Ph.D. and Dean Emeritus Charles Hutchinson, Ph.D. SustainX has received funding from the National Science Foundation Small Business Innovation Research Program and the Energy Storage Program at the US Department of Energy, as well as equity investments from top-tier investors Polaris Venture Partners, Rockport Capital, Cadent Energy Partners, General Catalyst Partners, and GE Energy Financial Services. The company has been granted multiple US patents on core aspects of its technology, solidifying its leading position in the field of compressed-air energy storage. The patents cover a wide range of isothermal systems, including both existing SustainX systems and those in development. The three-year-old company is on track to demonstrate its first one-megawatt, grid-connected system in collaboration with AES Energy Storage, LLC under an award from the Energy Storage Program at the US Department of Energy. |