Our Next Energy Inc. Overview
Pro stress-test →Our Next Energy (ONE) is a Michigan-based technology company founded in 2020 that develops and manufactures lithium iron phosphate (LFP) batteries for electric vehicles (EVs) and renewable energy storage. Its technology achieves high energy density and inherent safety through optimized chemistry and pack architecture, utilizing abundant, sustainable materials. The company is establishing U.S.-based manufacturing to support domestic electrification and reduce reliance on imported battery technology.
Strategic Profile
Pro stress-test →In January 2026, the company suspended its EV battery investments and focused on making batteries used for rail, defense and utility-scale energy storage systems instead. ONE has signed a term sheet with GE Vernova to collaborate on boosting the U.S. energy transition with locally manufactured battery technology. The company achieved both ISO 9001 certification and UN 38.3 certification of the ONE OTP Cell, reflecting ONE's evolution into a mature U.S. OEM built around quality, safety, and scalable production.
Competitive Landscape
Pro stress-test →ONE competes in the domestically manufactured LFP battery segment alongside emerging players like American Battery Factory, K2 Energy Solutions, and iM3NY, as well as established battery manufacturers scaling LFP capacity. Partnerships with large systems integrators like GE Vernova position ONE in the utility-scale energy storage value chain. Key differentiation centers on non-cobalt chemistry, U.S. supply chain compliance, and IRA-eligible domestic manufacturing.
Industry Context
Our Next Energy Inc. operates in Lithium iron phosphate battery manufacturing.
Key facts
Founded: 2020 · Headquarters: Novi, US · Employees: 203