President & Chief Executive Officer
McGough has been the CEO of Ioxus since late 2010 and has led its growth towards becoming one of the world’s top tier developers of ultracapacitor-based energy storage systems. Ioxus has the only fully integrated ultracap manufacturing facility in North America and from there serves an extensive list of customers in the U.S., Japan, China and across Europe. In his first six months McGough led a successful refinancing round for Ioxus, bringing in blue-chip strategic investors such as GE, Conoco-Phillips, Alstom and Group Schneider for a round that was 50 percent oversubscribed. In February 2012, McGough negotiated Ioxus’ acquisition of Power Systems Corporation in Japan.
McGough formerly served as CEO of Pentadyne Power Corporation and Envinta Corporation and Energetics PLC, and was a division president and general manager at Maxwell Technologies, where he launched its new business unit focused on ultracapacitors. During nearly three decades of leadership with technology and energy companies, McGough has established a long track record of success in commercializing new technologies, growing revenue and initiating high-volume production.
Among McGough’s achievements in his career prior to joining Ioxus, he succeeded in growing sales of Pentadyne’s energy storage technology from $0.4 million to $16 million in four years during very difficult economic conditions. In the last decade, McGough has raised over $100 million in private equity for energy startups, sold three companies, and prior to selling them increased revenue and gross profits each by more than 120 percent a year on average. The World Economic Forum named McGough a technology pioneer, and Red Herring Magazine identified him as a top executive in the energy tech space.
About Ioxus Ioxus ultracapacitors are engineered and manufactured to provide cost-effective, green energy solutions.
The Ioxus family of ultracapacitors and hybrid-capacitors are optimized for high performance with low resistance, making them ideal for delivering high power bursts for start/stop mild hybrids, acceleration, energy recapture, peak load shaving, and high power applications.
Ioxus provides individual cells, pre-packaged modules, or complete system integration to streamline efficiencies.
Ioxus ultracapacitors range in size from 100 to 3,000 farads. The Ioxus hybrid capacitors range in size from 220 to 1,000 farads. Hybrid cells are ideal for handheld lighting, communications and wireless monitoring systems, similar to those used in LED lights. Ultracapacitor cells store enough power to start or accelerate hybrid vehicles or assist lifting in material handling, using energy stored during regenerative activities.