MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems
Green Car Congress
APRIL 26, 2010
Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014. Founded in 2001, A123 Systems develops and manufactures advanced lithium ion batteries and battery systems for the transportation, electric grid and consumer markets.
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