- CEO
- Richard H. Bogan
- Full Time Employees
- 7
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- 3601 Clover Lane New Castle PA United States of America 16105
- IPO Date
- Apr 16, 2003
- Business
- Axion Power International, Inc. is a company specializing in the development, manufacture, and sale of advanced energy storage products and systems. Its core offerings include high-performance lead-carbon composite electrodes, proprietary PbC battery technology, and related energy storage solutions designed for a variety of applications such as grid storage, backup power, and electric vehicles. The company provides modular battery systems, power management components, and integrated energy storage solutions to industrial, commercial, and utility customers primarily in North America.
Founded in 2001 and headquartered in New Castle, Delaware, Axion Power International focuses on lead-carbon battery technology that offers improved lifecycle, charge efficiency, and environmental benefits compared to traditional lead-acid batteries. Recently, the company has made strategic operational changes including enhanced partnerships within the energy storage sector, new product development initiatives to expand its battery systems capabilities, and efforts to scale production and commercialization in response to growing market demand for renewable energy and grid stabilization solutions. These changes reflect Axion’s commitment to innovation and growth in the advanced energy storage industry.
Axion Power International operates within the energy storage and battery technology industry. Its target markets include utility-scale energy storage, renewable energy integration, transportation electrification, and industrial applications requiring reliable, sustainable power solutions. The company’s proprietary PbC battery technology differentiates it from competitors through enhanced performance characteristics and longevity. It continues to pursue strategic alliances and funding opportunities to accelerate product development and market penetration across the United States and potentially global markets. Axion Power International's business segments include energy storage products, battery systems integration, and technology licensing.
This description consolidates Axion Power International's business scope, product portfolio, recent strategic progress, and market positioning as a leading innovator in advanced lead-carbon battery solutions for diverse energy storage needs.