Our Next Energy

What Our Next Energy does

Our Next Energy (ONE) is a Michigan-based, vertically integrated manufacturer of lithium iron phosphate (LFP) battery cells, packs, and energy storage systems, founded in 2020 by Mujeeb Ijaz and headquartered in Novi, Michigan. Following a January 2026 strategic pivot away from automotive electric vehicles, the company now focuses on utility-scale grid storage, rail, defense, and industrial applications, with products spanning the 110 Ah OTP cell (defense/industrial, 12-minute fast charge), the 314 Ah TTP cell (10,000-cycle grid storage), the Aries LFP pack (commercial vehicles), the Gemini dual-chemistry architecture (LFP plus anode-free cells for extended range), and the Aries Grid utility-scale containerized DC ESS portfolio. The company operates the ONE Circle gigafactory, a 658,000 sq. ft. facility in Van Buren Township, Michigan with planned 20 GWh LFP cell capacity by 2027, complemented by a 3 GWh pack assembly line at Piston Automotive and a 2-5 GWh contract manufacturing partnership with Pomega in Türkiye beginning in 2026.

ONE generates revenue primarily through direct enterprise hardware sales of battery cells, packs, modules, BMS units, and containerized energy storage systems to OEM, utility, defense, rail, and industrial customers, with multi-year contracts and IRA tax credit benefits influencing effective pricing. Its go-to-market combines OEM embedded partnerships (e.g., The Shyft Group for Blue Arc commercial EVs, BMW for Gemini technology validation), direct enterprise field sales via a dedicated sales team, and a sales-led model targeting infrastructure, defense, and grid storage buyers. As of early 2026, the company has reduced its workforce by approximately 45% (to roughly 55 employees), secured $35M in rail and defense purchase orders, and is targeting cash-flow breakeven by year-end 2026.

Name

Our Next Energy

Legal name

Our Next Energy Inc.

Website

https://one.ai

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Our Next Energy is a Michigan-based manufacturer of lithium iron phosphate (LFP) battery cells, packs, and utility-scale energy storage systems for grid storage, rail, defense, and commercial vehicle customers, operating the ONE Circle gigafactory in Van Buren Township.

Ownership category

akta.pro rank

Product category

Battery Manufacturing / Energy Storage

NAICS

Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Residential / Behind-the-Meter Storage Installation & Integration (EUAEAEAC)

Keywords

• Lithium iron phosphate batteries
• Grid energy storage systems
• Battery cell manufacturing
• Defense battery solutions
• Rail electrification batteries

Headquarters

HQ city

Novi

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Battery Cell Manufacturing: ONE manufactures LFP battery cells at ONE Circle gigafactory in Michigan. Cells are sold to customers for use in electric vehicles, grid storage, and industrial applications. Revenue generated from cell sales with domestic content qualifying for IRA tax credits.
2. Battery Pack Sales: ONE produces and sells Aries LFP battery packs for commercial vehicles, trucks, boats, and industrial applications. Packs available in 62 kWh to 316 kWh configurations with scalable pricing based on capacity.
3. Grid Energy Storage Systems: ONE sells Aries Grid utility-scale battery storage products including cells, modules, BMS, and containerized DC ESS. Targeted at utilities, data centers, and renewable energy projects. Revenue from complete system sales and components.
4. Defense and Industrial Products: Specialized OTP cells for defense and industrial applications with $35M in new purchase orders from rail and defense customers. Products designed for extreme environments including subsea and defense drone applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Our Next Energy (ONE) designs and manufactures lithium iron phosphate (LFP) battery cells, packs, and utility-scale energy storage systems from its Michigan-based facilities. Its core products include the Aries LFP battery pack family for commercial vehicles, the Gemini dual-chemistry battery for extended-range EVs, the 110 Ah OTP cell for defense/industrial use, and the Aries Grid suite (314 Ah TTP cell, modules, BMS, containerized DC ESS) for stationary energy storage. Following a January 2026 strategic pivot, ONE is focused on rail, defense, and grid storage customers.

Product overview

Our Next Energy (ONE) is a Michigan-based manufacturer of lithium-ion batteries and energy storage systems. The product portfolio centers on lithium iron phosphate (LFP) chemistry for its safety, sustainability, and domestic supply chain advantages. The core offerings include: Aries LFP and Aries II LFP battery packs for commercial vehicles (trucks, boats, industrial); the Gemini dual-chemistry battery combining LFP with anode-free technology for extended range (600+ miles); and the Aries Grid suite for utility-scale energy storage comprising 314 Ah TTP cells, 104.5 kWh modules, 1,500V BMS, and containerized DC ESS systems. The company operates ONE Circle, a 20 GWh gigafactory in Van Buren Township, Michigan, producing cells for both mobility and grid storage applications. Recent strategic focus has shifted toward infrastructure, defense, and grid storage following a 2026 transition away from automotive EV investments.

Differentiator

Problem solved

Functional benefit

Brands

• Aries LFP: Lithium iron phosphate battery pack for trucks, boats, and commercial vehicles, available in 62 kWh and 79 kWh configurations.
• Aries Grid
• Gemini
• ONE Circle
• OTP Cell
• TTP Cell

Products and services

• Aries LFP Battery Pack Lithium iron phosphate battery pack for trucks, boats, and commercial vehicles, available in 79 kWh and 62 kWh configurations with 200+ mile range, 3,000 cycle life, 283 Wh/L volumetric energy density, and structural cell-to-pack architecture achieving 76% energy density. Targeted at fleet operators and commercial vehicle OEMs.
• Aries II LFP Battery Pack Next-generation LFP battery pack achieving 263 Wh/L energy density (within 6% of NCM) with 350+ mile range at 25% lower cost than NCM batteries. Production targeted late 2024 at ONE Circle. Targeted at commercial vehicle OEMs seeking near-NCM performance without cobalt/nickel.
• Gemini Dual-Chemistry Battery Dual-chemistry architecture combining LFP cells for daily driving with anode-free range-extender cells via a proprietary DC-to-DC converter. Achieved 608.1 miles WLTP range in BMW iX validation. Targeted at automotive OEMs seeking LFP cost and safety with extended range.
• Aries Grid Energy Storage System Utility-scale LFP energy storage system family for grid applications, including 314 Ah LFP cells, 104.5 kWh modules, 1,500V BMS, and containerized DC ESS in 2-6 MWh modular configurations. Targeted at utilities, data centers, and renewable energy developers needing renewable integration, grid stabilization, and IRA-compliant domestic content.
• 314 Ah TTP Cell Top-Terminal Prismatic LFP cell engineered for 10,000+ cycles, with 1,004.8 Wh capacity, UL 1973 and UL 9540A certified for utility-scale stationary storage. Targeted at grid storage integrators and utilities; qualifies for U.S. investment tax credit. Deliveries begin 2027.
• Aries Grid 104.5 kWh Module Stationary storage module for utility-scale applications, 104.5 kWh capacity with IP-66 rating and IRA, USMCA, BABA compliance. Configurable into 836 kWh racks and 5 MWh containerized ESS. Targeted at utility-scale storage integrators.
• Aries Grid 1,500V Battery Management System High-voltage battery management system delivering up to 1,500V and 350A continuous current with distributed cell monitoring, advanced SOC/SOH algorithms, and MESA-compliant communications. UL 1973 Recognized for Functional Safety. Domestically engineered and manufactured for cybersecurity. Targeted at utility-scale ESS integrators.
• Aries Grid DC ESS (Containerized Energy Storage System) Next-generation containerized DC energy storage system with 7+ MWh capacity and market-defining enclosure-level and site-level spatial energy density. Launch unveiling expected 2026. Targeted at utility-scale renewable integration and grid storage projects.
• 110 Ah OTP Cell Opposed-Terminal Prismatic LFP cell for power-dense defense and industrial applications, capable of 9.0C discharge and 5.0C charge for 12-minute DC fast charging (20-80% SOC). UN 38.3 certified and compliant with U.S. domestic preference regulations. Manufactured in Michigan. Targeted at defense, subsea, rail, and industrial customers.

Quantifiable outcome

• 608.1 miles range achieved with Gemini battery in BMW iX WLTP testing
• +6 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

13 partnerships are on record, tiered core, strategic, major customer, supporting and major project.

• Pomega Energy Storage Technologies (Kontrolmatik)coreStrategic or Co-development Partner · 19 May 2025Contract manufacturing partnership for 314 Ah LFP cells. Cells manufactured to ONE's specifications at Pomega's Ankara, Türkiye facility starting 2026 (2 GWh) growing to 5 GWh in 2027. Near-term supply complementing Michigan production. Türkiye's first and only private-sector LFP cell gigafactory with 3 GWh installed capacity.
• Hinrich WoebckenstrategicOthers · 6 March 2025Former CEO of Volkswagen Group of North America appointed to board. Brings experience in industrialization and market scaling to support ONE's manufacturing ecosystem buildout.
• L&FstrategicTechnology or Integration · 3 April 2024South Korean cathode active materials leader signed MOU for validation, qualification, and production of LFP CAM. L&F has 17 years of CAM experience with NCM, LCO, and LMO chemistries. MOU could supply enough CAM for ONE's 20 GWh needs when factory at capacity in 2027.
• BMW GroupstrategicOEM/ Whitelabel/ Licensing Partner · 30 November 2023Agreement to incorporate Gemini battery technology into BMW iX. BMW iX equipped with Gemini achieved 608.1 miles range. BMW Group New Technologies Head Jürgen Hildinger involved in validation.
• The Shyft Groupmajor customerOEM/ Whitelabel/ Licensing Partner · 9 March 2023ONE supplies Aries LFP batteries for Blue Arc commercial EV platform. Agreement for over 15,000 packs over five years for Class 3, 4, and 5 electric trucks. Manufacturing at Piston Automotive facility.
• DTE EnergycoreStrategic or Co-development Partner · 5 October 2022Southeast Michigan utility providing renewable electricity to ONE Circle starting 2028. Partnership for grid-tied factory with utility-scale energy storage. DTE CEO Jerry Norcia involved in landing ONE's Michigan operations.
• Ashley CapitalsupportingOthers · 5 October 2022Commercial real estate partner providing 659,589 sq. ft. facility at Crossroads Distribution Center in Van Buren Township. ONE signed multi-year lease for ONE Circle gigafactory location.
• 6K EnergystrategicStrategic or Co-development Partner · 5 October 2022Massachusetts-based partner for material refinement integrated into ONE Circle manufacturing processes. Supports 45% carbon emission reduction goal by 2028 through sustainable materials processing.
• North American Battery RecyclerstrategicStrategic or Co-development Partner · 5 October 2022Partnership with undisclosed leading North American battery recycler to bring recycled materials back into LFP and Anode-Free cell production. Supports circular manufacturing approach.
• Focus: HOPEsupportingOthers · 5 October 2022Detroit-based workforce development organization partnering with ONE for inclusive workforce development program starting 2024. Helps retrain Michigan residents for green manufacturing jobs.
• Walker-Miller Energy ServicessupportingOthers · 5 October 2022Energy services company partnering on workforce development with emphasis on equitable economic development for Michigan residents transitioning to green manufacturing.
• BHE Renewablesmajor projectStrategic or Co-development PartnerPartnership to build world's largest solar/storage microgrid in Jackson County, West Virginia. 120 Aries Grid containers powering aerospace manufacturing hub through renewable energy microgrid.
• Piston AutomotivecoreImplementation/ SI/ Consulting PartnerMichigan-based pack manufacturing partner for Aries LFP production. Dedicated 3 GWh pack assembly line in Van Buren Township commissioned and funded by ONE.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• ESS Inc. U.S.-based manufacturer of iron-flow battery storage systems for long-duration grid applications. Comparable to ONE as a non-lithium / iron-based U.S. storage alternative competing for the same utility-scale customer budgets.
• Energy Vault: U.S.-based energy storage company offering gravity-based and hybrid storage solutions for utility-scale applications. Comparable to ONE as a competing grid storage technology targeting the same utility and data center customers.
• Form Energy: U.S.-based developer of iron-air battery systems for long-duration grid storage, backed by Bill Gates-linked investors. Comparable to ONE as a U.S.-domestic, iron-chemistry-based storage entrant targeting utility-scale demand.

Direct peers

• Eos Energy Enterprises: U.S.-based manufacturer of zinc-based battery energy storage systems for utility-scale and commercial applications. Comparable to ONE's Aries Grid business as a U.S.-made, domestically sourced alternative-chemistry storage provider.
• American Battery Solutions: U.S. battery pack integrator for commercial, industrial, and defense applications (now part of Komatsu). Closely comparable to ONE's pack assembly capabilities and commercial-vehicle/defense customer focus.
• Microvast: Vertically integrated manufacturer of lithium-ion battery cells, modules, and packs for commercial vehicles, industrial, and energy storage. Comparable to ONE's Aries pack business and grid storage strategy.
• FREYR Battery: Norway/U.S.-listed LFP-focused battery cell manufacturer scaling gigafactories in the U.S. and Europe. Closely comparable to ONE in chemistry choice (LFP), target markets (mobility + storage), and capital-intensive gigafactory buildout strategy.
• KORE Power: U.S.-headquartered battery cell and pack manufacturer building a LFP/NMC gigafactory in Arizona. Directly comparable to ONE as a Western LFP cell-and-pack producer targeting commercial EVs, grid storage, and defense.

Broad incumbents

• Fluence Energy: Public energy storage system integrator (AES/Siemens joint venture) supplying grid-scale battery storage globally. Comparable to ONE's Aries Grid business as a competitor for utility-scale ESS contracts, though Fluence is system-level rather than cell-level.
• EnerSys: Global industrial battery manufacturer (lead-acid and lithium-ion) serving motive power, reserve power, and aerospace/defense. Comparable to ONE as a broad industrial battery incumbent entering lithium-ion and grid storage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ournextenergy1
• LinkedInlinkedin.com/company/ournextenergy
• Facebookfacebook.com/one.ournextenergy

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Our Next Energy