Success Stories

EnerG2 Opens Albany Plant, Employs 30

February 15th, 2012

EnerG2 (http://www.energ2.com), a Seattle-based company
manufacturing advanced nano-structured materials for next-generation energy
storage applications, today announced the commencement of production at its
energy storage materials plant in Albany, Oregon.

The Albany facility is the first manufacturing plant in the world dedicated
to the commercial-scale production of engineered carbon material. These
materials are destined for use in high-performance energy storage applications.
The initial phase of operations, beginning today, will ultimately require a
large-scale local manufacturing workforce that is expected to expand with
company’s portfolio of products.

In August of 2009, the United States Department of Energy awarded EnerG2
$21.3 million to partially fund this facility. Since then, EnerG2 has been
working with the Albany community, investors and highly skilled craftspeople to
bring the factory from vision to design to high tech reality.

“Today’s events mark the culmination of tremendous progress on the
manufacturing front,” says Rick Luebbe, EnerG2’s CEO. “We have successfully
demonstrated that scientific innovation can indeed lead to a domestic
manufacturing-base and the jobs that come with it. Looking ahead, our goal is to
set the standard for performance across the entire energy storage industry, and
we believe that we’re well on the way.”

EnerG2’s Albany operations will leverage the company’s proprietary Carbon
Technology Platform (CTP) to produce engineered high-purity carbon materials for
a wide range of energy storage applications. The CTP rapidly advances the speed
with which materials technologies are developed and manufactured for these
applications. The CTP is both technology- and market-neutral, creating an
unprecedented and valuable flexibility across a portfolio of energy storage
applications.

EnerG2 currently works with over 60 significant companies across the globe
focused on energy storage application development. These device manufacturers
will benefit from the CTP through increased material performance in existing
storage applications, as well as the capacity to quickly develop and deploy
advanced materials into a range of future energy storage solutions. The 21st
century will be marked by rapid advancements in materials manufacturing, and
EnerG2’s emphasis on materials for energy storage will be a catalyst for growth
and ongoing innovation.

“We’re overjoyed, and very fortunate, to have a next-generation manufacturing
company like EnerG2 driving the nation’s future right here in our own backyard,”
says Sharon Konopa, Albany’s Mayor. “EnerG2 is creating jobs and harnessing
much-needed innovation – what could be better than that?”

“Albany is a community that offers EnerG2 the right human capital and the
right infrastructure for getting this important job done,” added Luebbe. “ With
our partners here in Albany and across the country, EnerG2 will play an
important role in enhancing the performance in hybrid and electric vehicles,
industrial cranes and forklifts, to a cleaner and more efficient global energy
grid.”

In addition to backing from the US Department of Energy, EnerG2 has received
support from: the University of Washington, the Washington Technology Center,
the Washington State Energy Program, WRF Capital, the Sustainability Investment
Fund, Northwest Energy Angels, the Frontier Angel Fund, OVP Venture Partners,
Yaletown Venture Partners, Firelake Capital Management, and strategic partner
Oregon Freeze Dry.