AUSTIN, TX--(Marketwired - Feb 10, 2015) - ViZn Energy Systems Inc. (ViZn), a leading provider of energy storage systems for commercial, industrial, microgrid and utility applications, is pleased to announce that it has raised $24 million to date, including over $7 million in 2014. ViZn will expand its operations into Austin, Texas with the opening of its new corporate headquarters. The Austin office will house ViZn's executive level staff along with certain new company functions.
ViZn has expanded its capabilities at its Montana facility, where the company's design center, engineering and operations staff are located. This expansion supports an increase in development and production of its next generation zinc-iron flow batteries. The company expects to ship more than 1 MWh of systems in the first half of 2015.
Ron Van Dell, President and CEO of ViZn, commented, "We are seeing tremendous interest in our flow battery systems. With more and more customers seeking a cost effective and safe energy storage system to meet their energy needs, our expansions this year in Texas and Montana will allow us to meet the growing demand for our best-in-class solutions."
Van Dell continued, "Our decision to locate to Austin was based on my own personal experience and the city's reputation as a thriving technology hub and supportive community for startups. We are looking forward to the advantages and opportunities that come along with establishing a presence in a city that embraces pro-growth policies and is quickly establishing itself as one of the leading cleantech centers in the U.S."
The Austin Chamber's Clean Energy Council says Austin is home to more than 200 cleantech companies that employ 20,000 people, and according to the Austin Technology Council, the technology sector in Austin contributes $21.5 billion annually to the regional economy and supports 26 percent of local jobs.
About ViZn Energy Systems, Inc.
ViZn Energy Systems, Inc. is comprised of a visionary team of scientists, engineers and business leaders that are passionate about creating and commercializing a revolutionary energy storage solution for commercial, industrial, microgrid and utility-scale markets. Founded in 2009 and based on eight previous years of research, ViZn is commercializing energy storage systems for mega-watt applications. The ViZn solution is safe, reliable, cost effective, and scalable to meet the needs of today's ever changing energy landscape. For more information, visit: www.ViZnEnergy.com
For additional information, please contact:
Contact Information:
Press Contact:
Wendy Prabhu
Mercom Communications, a division of Mercom Capital Group
1-512-215-4452
ViZn Energy Systems Inc. Investor Contact:
Kevin Waldher
EVP Investor Relations
ViZn Energy Systems, Inc.
406-261-4787