Maryland Energy Innovation Institute Launches First Start-Up in Incubator

Maryland Energy Innovation Institute Launches First Start-Up in Incubator

On Thursday, July 30, 2019 the Maryland Energy Innovation Institute (MEI2) officially launched its first start-up company, Ion Storage Systems (ISS), into incubator space at the University of Maryland (UMD) Technology Ventures Building.

Dr. Laurie Locascio, UMD Vice-President of Research, kicked off the event by noting that MEI2is catalyzing energy research and innovation while providing the technology push necessary for Maryland to generate jobs and positively impact the state economy. She further noted that ISS is a perfect example of MEI2’s commitment to creating an energy business ecosystem as the company plans on hiring 20 employees this year and is focused on developing the most energy dense and safest batteries that can be deployed in any environment.

Maryland Secretary of Commerce, Kelly Schulz, then presented Dr. Eric Wachsman, CEO of ISS, and Dr. Greg Hitz, CTO of ISS, with the Secretary’s Citation for “development of noncombustible, high-performance solid-state batteries in recognition of the broad application of these batteries … in appreciation for your commitment to doing business in Maryland; and with sincere best wishes for success…”

A reception was held following the ribbon cutting ceremony at the Ion Storage Systems incubator space. In attendance, in addition to VPR Locascio and Secretary Schulz, Maryland Delegate Kumar Barve, chair of the Environment and Transportation Committee, Mr. Tom Sadowski, the University System of Maryland’s Vice-Chancellor for Economic Development, the MEI2Advisory Board, UMD faculty and others.

August 1, 2019


Prev   Next

Current Headlines

University of Maryland Announces Launch of Research Leaders Fellows Program

UMD Rises to No. 19 in U.S. News Rankings of Top Public Colleges

Fu, Marcus Team for New AFOSR Project on Simulation Optimization

Multi-Institutional Team Receives $4.3 Million Grant to Master the Evolution of the Transition Between Land and Sea

Space Weather Mission Gets $1.25 Million and a Green Light for Feasibility Studies

UMD-Post Poll: Americans Prefer Not to Pack Polls on Election Day

Gifts and Grants Support HAIR Network’s COVID-19 Prevention and Mitigation Campaign

Cornelia Fermüller is PI for 'NeuroPacNet,' a $1.75M NSF funding award

News Resources

Return to Newsroom

Search News

Archived News

Events Resources

Events Calendar

Additional Resources

UM Newsdesk

Faculty Experts

Connect

social iconstwitterlinkedinrssYouTube
Division of Research
University of Maryland
College Park, MD 20742-1541
© Copyright 2017 University of Maryland

Did You Know

UMD is ranked No. 20 among public universities and No. 25 overall for most innovative schools by the U.S. News & World Report.