Early-stage solid state battery technology company working to commercialize solid-state lithium metal batteries
COLUMBIA, Md., (June 2, 2026) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $2 million Venture Funds investment in ION Storage Systems.
“We are building a solid-state battery platform to deliver the performance, safety, and reliability that next-generation technologies demand,” said Jorge Diaz Schneider, CEO of ION Storage Systems. “This investment from TEDCO enables ION to continue our commercialization path, with our recent announcement of cell performance qualification. TEDCO’s on-going support and investment in ION is a testament to the innovative ecosystem that the state of Maryland is building and a commitment to bringing next generation technologies to market.”
ION Storage Systems, located in Beltsville, Md., is an emerging battery technology company aiming to commercialize a solid-state battery for defense and aerospace, medical, consumer electronics, electric vehicles and grid storage markets. ION's patented solid-state anode technology could enable batteries that offer a step change in performance, while being easy to integrate, creating a lower risk path to EV applications.
“As technologies continue to advance, we are seeing innovative energy solutions created to support technological growth,” said Katherine Hill Ritchie, senior director of Venture Funds. “TEDCO was created to facilitate such innovation as we lead innovation to market. We look forward to being part of the journey as ION Storage Systems grows to hopefully support more technologies.”
TEDCO’s Venture Funds were created to increase private equity and venture capital in Maryland, generate financial returns and foster economic growth. For more information on the application process, visit our page here.
“Maryland is a place of collaboration, innovation and opportunity. With organizations like TEDCO and the Maryland Department of Commerce opening doors for business leaders and innovators dedicated to creating solutions that solve real-world problems,” said TEDCO CEO, Troy LeMaile-Stovall. “Supported by a local collection of federal agencies, around 70 laboratories and numerous experts, doors are continually opened for business leaders. Entrepreneurs looking to start, expand and make a name for themselves will find Maryland to be a great place to call home.”
For more information about Maryland’s unique advantages, visit our page here.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. These forward-looking statements should not be relied upon as representing the company’s views as of any subsequent date, and ION Storage Systems and TEDCO undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.