Spear Power Systems Company History

From 2005 to now, discover the history of Spear Power Systems—a battery technology company providing advanced energy storage solutions for maritime, aerospace, and industrial applications across the globe.

2005

Kokam America is Formed

The founders include Jeff Kostos, Dr. Joon Kim, and JJ Hong, the founder of Kokam.

2006

Most Powerful

Kokam America technology declared only battery cell powerful enough to power portable ultrasound.

2007

Li-ion Battery

Kokam America technology declared only Li-ion battery capably of starting helicopter rotor at -20°C.

2007

Kokam Co. LTD

Kokam America signs Technical License Agreement with Kokam Co. Ltd (Korea)

2007

Kokam Awarded Grant

Kokam America awarded grant to develop cell technology and pack solutions for the U.S. Department of Defense.

2008

First Facility

Kokam America opens first lithium polymer cell manufacturing facility in the U.S.

2009

Dow Purchase

Dow Kokam buys the assets of Kokam America.

2012

Commercial Production

Dow Kokam plant starts commercial production.

2013

Spear Power Systems Formed

Spear Power Systems formed by former Kokam America founders Jeff Kostos & Dr. Joon Kim.

2014

Lee's Summit Facility

Spear opens new engineering, cell distribution, battery pack assembly, and solution integration facility in Lee’s Summit, MO USA.

2015

Trident Family

Spear launches Trident family of advanced Li-ion batteries for myriad marine applications.

2018

SBIR Phase I Contract

Spear awarded SBIR Phase I contract to support Army’s need for replacement of legacy systems.

2019

Gee's Bend

Spear delivers battery to Gee’s Bend – First Emissions-Free Ferry in U.S.

2019

Niagra Falls

Spear delivers Trident solution to Niagara Falls – First All-Electric passenger vessel in U.S.

2019

Continue R&D

Spear obtains large investment from global investors to fund continued R&D.

2019

Raytheon

Spear delivers battery to Raytheon for Counter-UAS Laser System.

2020

ABB Technology Ventures

Spear obtains additional funding from ABB Technology Ventures.

2020

The New Face of the Future

Spear undergoes a transformation to encapsulate the bleeding-edge advancements in lithium-ion technology.

2020

NCE Maritime CleanTech

Spear partners with NCE Maritime CleanTech to deliver safe, environmentally-batteries to Norway.