Alsym Energy picks Malden for new headquarters at Berkeley Investments’ development, Exchange 200

Special to The Advocate

Woburn-based battery maker Alsym Energy has signed a 60,000 square foot lease with real estate developer Berkeley Investments and its partner, Singerman Real Estate, to expand its operations to Exchange 200 in Malden. The Exchange 200 location will become the company’s official headquarters, with operations continuing at Alsym’s existing Woburn facility. This expansion represents the largest lease signing to date at the building, which is Malden’s largest laboratory development, and one of the largest new cleantech lab leases signed in Greater Boston in 2024. The lease further establishes Exchange 200 as one of the region’s key hubs of innovation in the cleantech industry and demonstrates the appeal of the building across a wide spectrum of lab- and R&D-intensive industries, even as the market has seen a slowdown in life sciences demand.

Alsym, a developer of next-generation non-flammable, high-performance and affordable non-lithium batteries for stationary storage, anticipates using the larger space in Malden to grow its Boston-area team while increasing its production capacity to address increasing demand for customer samples. By signing this lease, Alsym is affirming the heavy demand for high-performance, non-lithium-ion battery technologies. “Expanding our operations to Malden provides us with the space needed to further advance the commercialization of our battery technology,” said Alsym Energy COO Graeme Grant. “This represents a significant step in our path to providing the world with safe, clean, reliable, and affordable batteries that are so desperately needed to succeed in the global energy transition. Our new cutting-edge space at Exchange 200 gives us the ability to speed up our pace of innovation, increase our capacity to provide samples to both existing and prospective customers, and get to market as quickly as possible. And being close to so many transit options – the MBTA, bike paths, highways – and great local restaurants make Malden an ideal location for our employees, current and future. We are thrilled to be joining the growing Malden tech and business communities.”

Malden Mayor Gary Christenson, who has fostered a welcoming business environment for lab, life sciences and R&D companies in the city, stated he is looking forward to Alsym joining the growing ranks of innovative companies who call Malden home. “We are thrilled to welcome Alsym Energy to Malden Center and applaud their mission to ensure that the future of energy will be cleaner, safer, and more affordable for people not only here in our city but all around the world,” said Christenson. “Having a company like Alsym at Exchange 200 not only brings jobs and economic growth to the city but further positions Malden on a global scale as one of the top locations where cleantech and life science leaders are choosing to grow their companies and find talent. We look forward to a long and prosperous partnership.”

Berkeley Investments’ Senior Vice President and Director of Asset Management, Dan McGrath, said, “Exchange 200 is engaged in leasing discussions with growing companies across these sectors because they’re attracted to the strong employment base and immediate access to rapid transit that Malden provides. The same companies also need the ample power and robust infrastructure that Exchange 200 offers in order to conduct their research and to build and test their products. And, just as important, during the current period of ‘belt-tightening’ by start-ups and venture capital-backed companies, Exchange 200 offers rents at half of the cost of other competitive properties in locations like Somerville and Cambridge.”

For more info about Berkeley Investments, access www.berkeleyinvestments.com. For more info about Singerman Real Estate, access https://www.singermanre.com/. For more info about Alsym Energy, access alsym.com.