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

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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.)

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

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a provider of next-generation lithium-ion battery cells, modules and systems ( earlier post ), has entered a multi-year agreement to provide lithium-ion battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). Earlier post.).

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Next-generation Lead Acid Battery Company Firefly Energy Shuts Down, Files for Chapter 7

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“Management tried repeatedly to protect against (closing) - even going without salaries for six months so that we could keep the company afloat and continue to pay employees,” said Ovan from his office in Chicago. Several military contracts totaling more than $5 million weren’t enough to keep the company afloat.

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mPhase to Pursue Funding From Stimulus Plan’s $2B for Advanced Automotive Battery Technology

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says it will pursue funding opportunities arising from the $2 billion allocated for advanced battery technology in the new economic stimulus package. The company has concentrated so far on zinc chloride and lithium batteries, but the Smart NanoBattery can accommodate any chemistry using a liquid electrolyte, depending on requirements.

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SoCal Edison opens 32 MWh battery energy storage project, largest in North America; batteries from LG Chem

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The 32 MWh battery energy storage system features lithium-ion batteries from LG Chem housed inside a 6,300 square-foot facility at SCE’s Monolith substation in Tehachapi, Calif. —Sung-Hoon Jang, vice president of the Energy Solution Company at LG Chem.

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Li-ion maker Boston-Power adds $30M in funding; China expansion

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Located in the Shanghai Corridor and scheduled for completion by the end of 2012, the facility will be capable of producing 400 MWh of lithium-ion battery cells annually. GSR Ventures is an early-stage venture capital firm focused on building world-class technology companies in China.

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Dow to produce advantaged materials for energy storage; initial focus on automotive

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The Dow Chemical Company is organizing a new business that will manufacture advantaged battery materials for the energy storage industry. The combination of unmet technical needs, stimulus for rapid growth in vehicle electrification, and geographic shift creates unique opportunities for Dow.