Powering Renewable Energy and Creating New Jobs: Polis Administration Announces Peak Energy Expansion in Colorado

DENVER - Today, Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that Peak Energy, the first American venture to advance sodium-ion battery systems, has selected Broomfield, Colorado for expansion. By developing sodium-ion battery cells in Colorado, the startup will strengthen the national supply chain for this battery technology and contribute to the state's leadership in the renewable energy transition.

"We are thrilled to see Peak Energy expand in Colorado, creating good-paying jobs and joining us on the path to 100% renewable energy by 2040. Colorado is advancing the clean energy economy, and together with companies like Peak Energy, we can harness the power of the sun for a brighter future," said Governor Polis.

Denver co-based Peak Energy develops sodium-ion battery energy storage systems, including applications for solar and wind energy. In Broomfield, the company will establish a state-of-the-art battery cell engineering center focused on developing proprietary, U.S.-produced sodium-ion battery cells for use in its storage systems. This is a significant step for the company as they work towards a goal of scaling domestic battery cell manufacturing by 2027. Developing this technology in Colorado will contribute to a stronger U.S.-based supply chain.

"A reliable and secure national energy grid requires safe and affordable energy storage manufactured at scale domestically. Colorado is a leader in the energy economy, and we are excited to join a growing ecosystem of state and regional partners, businesses, research institutions and universities committed to advancing the transition to renewable energy and creating a U.S.-based supply chain," said Landon Mossburg, CEO and co-founder of Peak Energy

The company chose Colorado for expansion because of its shared commitment to renewable energy and the state's collaborative network of research labs and top universities supporting the development of a U.S.-based battery ecosystem. With this expansion, Peak Energy expects to create engineer, cell researcher, and manufacturing technician positions.

"Peak Energy is a welcome partner in Colorado's growing renewable energy and battery ecosystem. When companies like Peak Energy choose Colorado for expansion, we have the power to develop critical renewable energy technologies, create new good-paying jobs and secure our energy future," said OEDIT Executive Director Eve Lieberman.

President of the Metro Denver EDC, Raymond H. Gonzales, stated, "Peak Energy's decision to expand to Broomfield underscores Colorado's growing leadership in renewable energy innovation and sustainable technology development. By advancing sodium-ion battery systems here, Peak Energy is contributing to a more resilient U.S. supply chain and reinforcing the Front Range region as a hub for cutting-edge research and development. This project would not have been possible without the continued support from the Colorado Office of Economic Development and International Trade, the Colorado Economic Development Commission, and the City and County of Broomfield. Congratulations to our partners in Broomfield for their leadership in attracting this transformative company, further solidifying the region's role in shaping a cleaner, more sustainable energy future."

"Broomfield is perfectly situated for Peak Energy's new battery cell engineering center with research institutions and universities committed to renewable energy right in our backyard," said Broomfield Mayor Guyleen Castriotta. "With this expansion, Peak Energy is showing promising momentum in the renewable energy industry, which aligns with the Broomfield City Council's goal of Growing Greener."

Peak Energy currently has more than 60 employees, 13 of whom are in Colorado.

About OEDIT's Global Business Development Division

Global Business Development (GBD) is a division of the Colorado Office of Economic Development and International Trade. GBD supports Colorado businesses and communities by using a data-driven approach to recruit, support, and retain businesses that contribute to a robust and diversified economy. We align our portfolio of programs, services, and incentives with industries that benefit Colorado companies and elevate the state's national and international competitiveness. GBD also hosts foreign delegations and participates in trade and investment missions around the world to strengthen global awareness of Colorado. With a highly educated and motivated workforce, a thriving innovation economy, and nation-leading entrepreneurial spirit, Colorado is a top market for business development.

About the Colorado Office of Economic Development and International Trade

The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado's economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire-and make it accessible to everyone. Learn more about OEDIT.

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