Exergonix, Inc.
| Industry | Energy Storage |
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| Headquarters | Lee’s Summit, MO, USA |
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Exergonix Inc, is an energy storage company based in Kansas City, Missouri. It was founded in 2010, after spinning out of Kokam America, Inc., which was acquired by Dow Chemical Company in 2009. Exergonix develops, manufactures and deploys community-level and grid energy storage to supply peak-shaving, demand-management, and smart grid capabilities to the grid and micro-grid.
The company designs and builds renewable energy solutions for a wide range of applications including storage for solar and wind power, utility management, the military, telecommunications cell towers and emergency back-up.
According to the company president’s statement to the United States Senate Committee on Commerce, Science, and Transportation in 2012, the company’s mission is to make renewable energy cost effective and will allow nations around the world to implement a worldwide, workable, smart and decentralized utility grid. The company makes a “promising energy storage application”.
The facility sits atop 83 acres of land on Missouri Route 291 and U.S. Route 50, previously owned by Pfizer, Inc. Valued at $90 million, the company raised another $2 million from local angel investor group, and a $1.4 million package from the City of Lee’s Summit, Missouri Also from Senators Kit Bond and Jim Talent, the company further secured $8 million in federal funding from a defense spending bill, to bring a new manufacturing plant to Missouri. In 2011, the "Green Energy Park" was dialed back to $50 million, after $100 million federal money fell through. The CEO had approached state legislators to seek $650 million for a manufacturing plant in the same area.
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