article thumbnail

EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5 Earlier post.)

Indiana 186
article thumbnail

Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

Advanced lithium ion batteries, sodium sulfur (NaS) batteries, and compressed air energy storage (CAES) are other key technologies that will be utilized for bulk storage applications during the forecast period. 2010 vs 2011 forecasts. Thus, the ancillary services forecasts are based on a value of power ($/kW).

article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. ” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region.

article thumbnail

Novolyte Technologies and Foosung Form JV for Li-ion Electrolytes

Green Car Congress

Novolyte Technologies, a leading manufacturer and supplier of specialty electrolyte materials for lithium-ion battery and energy storage applications, high performance solvents and other specialty chemicals, has signed a definitive agreement with Foosung Co., Foosung Co., Novolyte received in 2009 a $20.6-million

Li-ion 186
article thumbnail

Yardney and Coda Automotive Form JV for US Automotive Li-ion Systems Production; Lishen Expected to Participate

Green Car Congress

and California-based Coda Automotive have entered into a joint venture (Coda Battery Systems LLC) to design, manufacture and sell automotive-grade, lithium-ion battery systems in the United States. one of largest suppliers of lithium-ion batteries in the world. Connecticut-based Yardney Technical Products, Inc.

Li-ion 150
article thumbnail

GE to Open Sodium-Metal Halide Battery Plant in New York

Green Car Congress

The first application will be GE’s hybrid locomotive, which will be commercialized in 2010. The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Earlier post.). Battery Requirements for Hybrid Locomotives. 1,000 kWh useable energy. high utilization. Earlier post.).

Sodium 191
article thumbnail

A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan.

Financing 150