Undercurrent’s story began in 2009 as Influit Energy, born from research at Argonne National Laboratory to develop a nanofluid–based flow battery unlike anything the industry had seen.
From the start, we weren’t chasing trends or making incremental tweaks – we were reimagining energy storage from the molecular level up.
We saw a system locked into rare earth dependency, fragile supply chains, and chemistries that risked safety for performance.
The goal wasn’t just to make a better battery — it was to design an entirely different energy architecture. One that could be sourced locally, scaled globally, and deployed anywhere without fear of fire or scarcity.
Chicago’s own history gave us the blueprint: reversing the flow of its river in the face of disaster. That same spirit of defiance fuels us. We don’t just adapt to the constraints handed to us — we change the current itself.
Boldness isn’t just an attitude—it’s a catalyst. It’s what turns vision into movement. That’s what we do at Undercurrent Energy.
The world doesn’t have an energy generation problem. It has an energy freedom problem.
Our mission is to break through the limits of how we generate, move, and store energy – making the electrification of all transportation not just possible, but practical.
The grid was built for a different era: one-way power, steady demand, predictable supply. But that’s not the world we live in anymore. AI, EVs, crypto, reshoring, and heat waves are pushing our infrastructure past its limits. And the batteries meant to save us? They’re flammable, fragile, and sourced from countries we can’t afford to depend on.
A liquid battery that scales and moves like fuel. Energy you can refill. Reroute. Deploy anywhere. We call it Nano-Electro Fuel (NEF).
Separation of Powers
Safe by design
American-sourced
Liquid, not solid
We’re not loud. We’re not flashy. We’re the force that moves underneath. The current that carves through what others accept. The silent strength that reshapes what seems immovable. The deep, steady energy that drives revolutions—not on the surface, but at the source.
Like the river, we don’t just go with the flow. We reverse it.
MAKE AN IMPACT
This Chicago-born physicist and first-principles builder grew up immersed in business, combining technical mastery with entrepreneurial vision. Passionate about changing the world through revolutionary energy breakthroughs, Katsoudas has excelled in fundraising, securing substantial funding from DARPA, NASA, NSF, DOE, AirForce, and leading investors who share his transformative vision.
As an energy storage innovator, he leverages deep scientific knowledge and sharp business acumen to develop game-changing solutions for global energy challenges. His powerful combination of physics expertise, hands-on engineering experience, and proven ability to translate ambitious concepts into funded ventures positions him as a formidable leader poised to revitalize industrial sectors and revolutionize how the world generates and stores energy.
As a CTO/COO she oversees R&D and manufacturing operations, internal company operations, and corporate culture development, championing creativity, inclusion of diverse perspectives for the common good, and challenging the status quo.
Elena is one of the key inventors of NEF technology, pioneering the synthesis process and the revolutionary concept of using nanoparticles as charge carriers instead of traditional ions.
With a Ph.D. in Physical Chemistry and Electrochemistry, her expertise spans batteries, nanochemical systems, and heat transfer fluids. After 8 years at Argonne National Laboratory, she transitioned to entrepreneurship with I-Corps/CleanTech Open training. Elena is a 40 Under 40 recipient with 50+ research papers, 4 book chapters, and 5 patents.
A Duchossois Leadership Professor at Illinois Tech, he directs the university’s Center for Synchrotron Radiation Research and Instrumentation and the Materials Research Collaborative Access Team.
Carlo’s career bridges fundamental physics and real-world impact—designing energy technologies that turn complex science into practical solutions, fueling Undercurrent’s mission to redefine energy storage.
He brings a unique combination of qualitative and quantitative operational strength and experience as both a leader and doer. Starting as a professional athlete playing baseball at the University of Michigan, Michael transitioned to wealth management at PWC, where he served as primary advisor for some of Michigan’s largest family wealth. Through advising large family offices, he organically moved into operational leadership of portfolio companies.
Michael joined Undercurrent Energy driven by the mission and future impact of the technology, bringing his proven track record of business execution and financial expertise to his current CFO and Business Development role.
A results-driven leader in safety and regulatory compliance, his expertise is rooted in a hands-on background in operational and occupational safety at Argonne National Laboratory’s Advanced Photon Source (APS).
Clay has a singular talent for interpreting complex regulations, building streamlined processes from them without compromising safety. At the APS, he helped develop key safety policies, guided an electrical safety team through a multi-year Department of Energy milestone, and expanded his group’s influence. As a key leader during the historic $800 million APS Upgrade, he oversaw radiation safety system installation, performed design review, and directed administration of a landmark radiation safety policy through the facility’s most complex and challenging undertaking.
Known for forging strong relationships, Clay earns trust and respect. His commitment to safety is personal, fueled by his own occupational close calls. These firsthand experiences drive an unwavering dedication to safe workplaces and make him an unparalleled advocate for safety culture.
Her career includes positions in the Texas Senate, the Texas National Guard, U.S. Army Futures Command, and a variety of private-sector roles.
Bailey is recognized for her ability to translate complex policy and technical priorities into clear, compelling narratives that equip leaders to thrive in high-stakes environments.
He has applied his expertise across diverse sectors; from contract engineering and sensor design to critical life-safety systems in the fire protection and biomedical fields. His work encompasses infrastructure including hospitals, airports, naval vessels, and nuclear facilities. He has conducted forensic failure analysis, overseen international manufacturing, and authored technical papers on embedded systems and mechanical power transmission.
Having progressed through roles as product designer, system designer, R&D engineer, project manager, and department manager, he combines technical knowledge with manufacturing expertise and proven leadership. His experience allows him to recognize the path from conception to execution.
He utilizes sophisticated characterization techniques including XAS, XPS, XRD, SEM and others across diverse applications spanning superconductivity, high energy physics, nuclear materials, energy storage devices, and novel materials to advance UE’s technology development.
Mark combines his doctoral and postdoctoral research experience at Illinois Institute of Technology with his background as a beamline scientist at the Advanced Photon Source to bridge fundamental science with practical innovation.
His approach integrates deep theoretical understanding with hands-on experimental design, instrumentation development, and analytical expertise to drive breakthrough research in energy technologies.
Joining in 2019 as the company’s first non-founder employee, Danny brought a decade of technical expertise, thought leadership, and startup-experience from the advanced manufacturing industry. He honed his technical acumen at Fisher Unitech (now Goengineer), a premier provider for digital manufacturing solutions, where he developed applications for polymeric and metal 3D additive manufacturing techniques.
Danny’s early contributions to Undercurrent Energy’s NEF technology propelled engineered hardware from benchtop prototypes to rapidly manufactured battery stacks. He played a pivotal role in guiding technical team formation and cultivating a culture of relentless problem-solving. A respected member of Chicagoland’s hard-tech community, Danny is dedicated to driving impactful technology solutions for Influit Energy, fostering a more benevolent planet Earth.
With well over two decades of experience, he brings a unique combination of hands-on manufacturing knowledge and deep engineering insight.
He has applied his expertise across diverse sectors; from contract engineering and sensor design to critical life-safety systems in the fire protection and biomedical fields. His work encompasses infrastructure including hospitals, airports, naval vessels, and nuclear facilities. He has conducted forensic failure analysis, overseen international manufacturing, and authored technical papers on embedded systems and mechanical power transmission.
Having progressed through roles as product designer, system designer, R&D engineer, project manager, and department manager, he combines technical knowledge with manufacturing expertise and proven leadership. His experience allows him to recognize the path from conception to execution.
