(Story is derived from the U.S. Department of the Treasury’s SSBCI Q3 Quarterly Report)

ATLANTA, GA (Dec 16, 2024) – Based in Atlanta, Georgia, Johnson Energy Storage (JES) is developing All-Solid-State Batteries – an evolution of traditional lithium-ion batteries intended to improve energy density, efficiency, and safety. The company aims to create long-lasting energy storage systems with the potential to improve electric vehicle batteries, along with other industrial and commercial applications. Founder Dr. Lonnie Johnson invented the glass electrolyte separator that is at the core of the JES product.

In 2024, the company was in a period of rapid development and kicked of fundraising to support its planned expansion of facilities. Through the SSBCI-supported Georgia Equity Direct Program, the Georgia Department of Community Affairs / Invest Georgia provided an early investment to support JES – catalyzing significant private investment in the company. With an initial SSBCI-supported investment of $500,000, the company has since raised over $15 million based on interest from private investors – far surpassing its initial goal for a $5 million round.

Since the start of the raise, JES has brought on new CEO – Brandon Martin, a Marine Corp Veteran with 12 years of experience in the renewable energy sector – and doubled its staff, and plans to build a new 40,000-square-foot headquarters with expanded laboratory facilities. With this investment, Johnson Energy Storage plans to advance its research and development efforts, participating in the evolution of clean energy technology.

 

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About Johnson Energy Storage

Johnson Energy Storage (JES) is a cutting-edge technology company dedicated to transforming the way the world stores energy. Our team of experts is committed to developing innovative solutions that will make energy storage safer, more efficient, more affordable, and more sustainable. We believe that our all-solid-state battery technology will be a step towards realizing this goal. JES is dedicated to leaving a softer footprint wherever we tread and to making a positive impact on the environment.

Brian J Prokes
Johnson Energy Storage
Press@johnsonenergystorage.com
+1 407.592.9259