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Aquion Energy Elects Industry Veteran Tom McDaniel to Board of Directors

PITTSBURGH, Aug. 26, 2014 (GLOBE NEWSWIRE) -- Aquion Energy, Inc., developer and manufacturer of Aqueous Hybrid Ion (AHI™) batteries and energy storage systems, today announced the election of energy industry veteran Tom McDaniel to the board of directors.



"Aquion's high performance, low cost, environmentally friendly and safe energy storage technology is uniquely positioned to accelerate the use of energy storage in distributed grid-connected and off-grid energy systems," said Tom McDaniel. I am pleased to join the Aquion team and help solidify the company's position in the rapidly growing global energy storage market."

Mr. McDaniel brings over 40 years of experience in the energy industry to Aquion's board of directors. Mr. McDaniel spent 37 years with Edison International (NYSE: EIX), a publicly traded company with $48 billion in assets, where he served as chief financial officer and treasurer. EIX's subsidiaries include Southern California Edison, a regulated utility, and the Edison Mission Group, an independent power company that develops, owns and operates U.S.-based generation projects involving both fossil fuels and renewables. Prior to January 1, 2005, Mr. McDaniel served as chairman, chief executive officer and president of Edison Mission Energy, an independent power producer based in California.

He currently serves as a director and chairman of the board of Tendril Networks, a provider of smart grid and energy management software services, and is a director of SunPower Corporation (NASDAQ: SPWRA), which manufactures high-efficiency photovoltaic solar panels and develops residential, commercial and utility scale solar power systems. Mr. McDaniel also serves as a director for the SemGroup Corporation (NYSE: SEMG), which is a midstream oil and gas service company. In addition, he serves as an advisor to On Ramp Wireless, which delivers machine-to-machine communications network services, and to Cypress Envirosystems, a provider of building energy management technology.

"Tom brings an incredible depth of knowledge and experience in energy, utilities and renewables as well as an extensive history of corporate governance," said Scott Pearson, chief executive officer of Aquion. "We're excited for Tom to join our board of directors and we look forward to his guidance in advancing Aquion's growth and success in the energy storage industry."

Andy Towne, CEO of executive search firm Hobbs & Towne, Inc., played a critical role in identifying Tom McDaniel as an excellent fit for Aquion's board of directors.

Aquion Energy manufactures proprietary Aqueous Hybrid Ion (AHI™) batteries and battery systems for stationary energy storage applications. AHI batteries are optimized for off-grid and microgrid systems, energy management, and grid-scale applications. Aquion's high-performance, safe, sustainable and cost-effective batteries deliver industry-leading value for customers. Aquion's battery systems provide flexible, modular energy storage that enables broad adoption of renewable energy technologies such as wind and solar, reduced reliance on fossil fuels, and optimization of existing grid-tied generation assets. For more information, visit www.aquionenergy.com.

A photo accompanying this release is available at:

http://www.globenewswire.com/newsroom/prs/?pkgid=27298

CONTACT: Elizabeth Pond Aquion Energy, Inc. 412.904.6460 epond@aquion-energy.com

Source: Aquion Energy