The new location expands Alsym’s role in advancing non-lithium battery technology and boosts cleantech innovation in Massachusetts
Boston, MA – Oct. 30th, 2024 – Woburn-based startup Alsym™ Energy (Alsym), a developer of high-performance, non-flammable batteries for stationary storage, welcomed Yvonne Hao, Secretary of the Executive Office of Economic Development for Massachusetts, to its new 60,000-square-foot state-of-the-art facility in Malden. Joining Secretary Hao were Under Secretary Ashley Stolba, Malden Mayor Gary Christenson, and representatives from Reading Municipal Light District, the office of Minority Whip Katherine Clark, MassMEP, and MassCEC. The group gathered to discuss Alsym’s ground-breaking technology and the benefits of the Massachusetts ClimateTech ecosystem.
During the visit, Alsym provided a tour of the office, R&D lab, and future manufacturing areas to showcase Alysm’s advancements in safe, high-performance, non-lithium, and non-flammable battery technology.
“Massachusetts is committed to leading in climatetech by investing in solutions that directly address climate change,” said Yvonne Hao, Secretary of the Executive Office of Economic Development. “We’re proud to have companies like Alsym Energy here making groundbreaking advancements in energy storage and reinforcing our state as a hub for sustainable technology.”
Alsym’s expansion brings new jobs to Malden and reinforces the region’s reputation as a leader in new battery technologies. The rise of alternatives like Alsym’s non-lithium batteries shows that it’s possible to meet urgent energy storage needs while prioritizing safety sustainability, and a U.S. supply chain.
“We are proud to welcome Alsym to Malden,” said Mayor Gary Christenson. “Their groundbreaking work in non-lithium battery technology reinforces our area as a hub for clean energy innovation and also addresses critical safety concerns associated with lithium-ion batteries, specifically fire risks. By driving advancements in safer, sustainable energy storage, Alsym is contributing to both the economic growth of our city and the development of solutions that will shape a more secure and sustainable future. We look forward to a successful partnership”
“The opening of our new facility marks a pivotal moment not just for Alsym, but for the future of energy storage,” said Mukesh Chatter, CEO of Alsym Energy. “Our mission is to deliver affordable, safe, and high-performance alternatives to lithium-ion batteries that are critical for the global shift to clean energy. This facility will accelerate our ability to bring to market solutions that can power industries, homes, and communities, all while reducing reliance on scarce and hazardous materials. Massachusetts has always been at the forefront of technology, and we’re proud to contribute to its legacy of leadership in clean energy.”
To learn more about Alsym Energy, visit their website.
About Alsym Energy:
Alsym™ Energy has developed a low-cost, high-performance, inherently non-flammable battery that is free of lithium and cobalt, making it ideal for grid and microgrid applications, as well as data centers, oil and gas, mining, manufacturing, ports, home storage, and heavy industry. Through its unique chemistry, Alsym can deliver wide-duration storage with performance comparable to lithium-ion at a much lower cost, helping to speed the pace of decarbonization globally. To learn more, please visit alsym.com.
Media Contacts:
Antonio Hicks
Antenna Group for Alsym Energy