Our Next Energy (ONE) is a Michigan-based energy storage technology company creating advanced battery solutions for electric vehicles and grid applications. Founded in 2020, ONE focuses on developing sustainable battery technologies that extend electric vehicle range while prioritizing safety and environmental responsibility. The company’s manufacturing facility in Van Buren Township, Michigan, demonstrates its commitment to establishing a localized supply chain for battery production in the United States. ONE’s innovative approach combines efficient energy storage solutions with sustainable manufacturing practices, positioning it as a significant contributor to the advancement of electric mobility and renewable energy integration.
Battery Technology
ONE’s product portfolio includes several distinctive battery solutions that showcase their technological capabilities. The AriesTM LFP battery pack delivers 79 kWh capacity and provides over 200 miles of range for trucks and boats. The enhanced AriesTM II, designed specifically for passenger vehicles, offers 100+ kWh capacity and achieves 350+ miles of range without using nickel or cobalt.
The company’s most notable innovation is the GeminiTM battery, which utilizes dual-chemistry technology. This system has demonstrated exceptional performance, powering a BMW iX for up to 608 miles on a single charge with its 185+ kWh capacity. For utility applications, ONE developed the AriesTM Grid, an energy storage solution manufactured in America with scalability in mind.
ONE’s manufacturing capabilities are centered at the ONE Circle Gigafactory, which can produce enough cells annually to create 240,000 Aries II and Gemini packs. This facility represents a significant step toward establishing domestic battery production capacity in the United States.
Recent Projects
In November 2023, ONE formed a strategic partnership with GE Vernova to advance battery energy storage solutions in the United States. The collaboration involves supplying American-made LFP battery modules and cells for GE Vernova’s Solar & Storage Solutions projects. Additionally, ONE began pilot production of domestic LFP battery cells at their Michigan factory in October 2023, marking a significant milestone in U.S.-based cell manufacturing. The company also announced plans to construct a manufacturing facility in Millwood, West Virginia, for their Aries Grid battery storage system, scheduled to begin operations in 2025.
Investors
ONE has attracted substantial investment from prominent technology and energy-focused firms. Notable investors include Franklin Templeton, Breakthrough Energy Ventures, and BMW i Ventures. Additional financial backing comes from Assembly Ventures, Flex, Volta Energy Technologies, Coatue Management, and Equinor Ventures. The company has also received support from Oman Investment Authority, Alpha Intelligence Capital, Riverstone Holdings, Sente Ventures, and Temasek Holdings, along with significant grants from the state of Michigan.
Business Details
Location: Novi, Michigan, USA
Website: https://one.ai
LinkedIn: https://www.linkedin.com/company/70888753
