INFLUIT ENERGY ANNOUNCES NEW CHICAGO HEADQUARTERS AS GROWTH ACCELERATES

November 4, 2022 (CHICAGO) -- Influit Energy, the Chicago-based clean energy startup and Illinois Tech/Argonne National Laboratory spinout that invented the world's first rechargeable, safe, liquid electric transportation fuel, today announced that it has moved its corporate headquarters to a significantly larger office space in Chicago to accommodate its rapidly expanding team.


Influit Energy will occupy the entire two-story, 20,000-square-foot building at 401 North Paulina in Chicago’s booming Kinzie Manufacturing Industrial Corridor. The company’s current team of 15 is set to move into the new space today with phased construction plans underway.


“This expansion is a critical next step for our growth strategy. With the additional design, engineering, and production space, we will be able to install much larger equipment in order to produce electric fuel, called nanoelectrofuel (NEF) and the electrification of select vehicles,” said John Katsoudas, CEO and co-founder of Influit Energy.“


Influit Energy has grown from three to 15 employees in short order. The company is currently hiring for a product engineer, a PhD CFD mechanical engineer, and other positions. Based on the present rate of growth, the company anticipates reaching 40 full-time employees by the end of 2024. Capitalized with more than $17 million in defense and federal contracts, Influit has grown exponentially and has won defense engagements for the electrification of various military platforms and government agencies including DARPA, NASA, the United States Department of Energy and the United States Air Force.


Influit specializes in engineering novel non-consumable, nonflammable, non-combustible, rechargeable electric fuel systems for defense, terrestrial mobility and freight, maritime freight, and aerospace. NEF is produced with domestically sourced, abundant raw materials. Influit’s sine qua non is its nanoparticle functionalization strategy, which allows for the unsupported suspension of battery active nanoparticles in a solution or NEF. Influit is currently working to exploit excess solar capacity and mitigate current and future energy storage challenges with engagements in advanced rail, fuel logistics, and electric utility vehicle manufacturing.


“Influit is a great example of a Chicago startup capitalizing on the city’s strong research and tech

ecosystem and rapidly expanding technology prowess, expanding and creating job growth, and solving

some of the most critical problems,” said Michael Fassnacht, President & CEO, World Business Chicago, and Chief Marketing Officer, City of Chicago


“Influit Energy exemplifies Chicago – a company pushing the boundaries of science in ways that might profoundly and fundamentally change how we fuel our transportation of the future,” said Brad Henderson, CEO of P33. “They represent the very best of our collective potential as an innovation ecosystem.”


About Influit Energy

Founded in 2009 by John Katsoudas, Elena Timofeeva and Carlo Segre, Influit Energy was spun out of Illinois Tech/Argonne National Laboratory and invented the world's first non-consumable, nonflammable, non-combustible, rechargeable electric fuel engineered with domestically sourced, abundant raw materials. Headquartered in Chicago, the clean energy startup is capitalized with contracts from numerous government agencies including DARPA, NASA, the United States Department of Energy and the United States Air Force.