Energy Storage Global Lithium Ion Stimulus 
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NOVEMBER 2, 2010
The Dow Chemical Company is organizing a new business that will manufacture advantaged battery materials for the energy storage industry. Estimates of the energy storage industry project growth from $24 billion today to $74 billion by 2020, with the largest growth opportunity in the automotive market.
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JULY 18, 2011
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.).
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SEPTEMBER 3, 2010
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., and its leaders. Novolyte received in 2009 a $20.6-million
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SEPTEMBER 20, 2011
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. Due to the strategy to focus predominantly on China in both the immediate and longer term, the company is reallocating its global resources.
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MAY 12, 2009
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. 1,000 kWh useable energy. The first application will be GE’s hybrid locomotive, which will be commercialized in 2010. Earlier post.).
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SEPTEMBER 18, 2009
US-based Ener1 is creating a European Division and has appointed Ulrik Grape, a veteran of the lithium-ion business, as President of Ener1 Europe. Through its subsidiary EnerDel, it designs, develops and manufactures, advanced high energy density, lithium-ion batteries. Ulrik Grape.
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APRIL 13, 2009
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. The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage. Earlier post.)
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