Remove Auto Industry Remove Li-ion Remove Power Remove Stimulus
article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Boston-Power, Inc., a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. Existing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated in the round.

Boston 199
article thumbnail

Ener1 Outlines Automotive Programs Underway for Li-ion Packs

Green Car Congress

As part of its report on fourth quarter and year-end 2008 results, Ener1 outlined its EnerDel unit’s customer programs underway for its lithium-ion battery technology in applications spanning hybrids, plug-in hybrids (PHEVs) and full electric vehicles. Overall, Ener1 reported 2008 revenues of $6.8 million compared to $280,000 in 2007.

Li-ion 150
article thumbnail

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

Green Car Congress

Energy storage technologies represent an alternative to traditional grid management using generation assets such as natural gas peakers to balance the grid by adding power to it. The value of the ESG market is now measured by using the value of energy ($/kWh), not power ($/kW). Balancing Li-ion capacity with market opportunities.