article thumbnail

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

Green Car Congress

In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Energy storage on the grid is reaching a turning point. Installed revenue by ESG technology, worldwide. Click to enlarge. Earlier post.).

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., Novolyte is contributing its energy storage business to the joint venture.

Li-ion 186
article thumbnail

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

Green Car Congress

GE says the planned facility will produce approximately 10 million sodium-metal halide cells each year—equivalent to 900 MWh of energy storage, or enough to support 1,000 GE hybrid locomotives. The first application will be GE’s hybrid locomotive, which will be commercialized in 2010. 1,000 kWh useable energy.

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

The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage. GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. s new hybrid vehicle models, both scheduled to debut in 2010.

Financing 150
article thumbnail

GE to open new battery plant

Green Cars News

The GE locomotives are scheduled to be commercialised in 2010. Initial investment in the factory will reach $100million with GE also making a submission this week for Federal stimulus dollars from the US Department of Energy. The company has also invested in A123Systems, one of the leading suppliers of lithium-ion batteries.

article thumbnail

Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

Minivan 46