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

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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. Electric grids require balance in order to function properly. Electric grids require balance in order to function properly. Click to enlarge.

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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

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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.) Earlier post.)

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PwC industry survey provides check-up on determining factors for EV success

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Global hybrid + EV assembly forecast. The survey addresses a range of topics relevant to the success of plug-in electric drive vehicles, including product design (i.e., This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs.

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

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At the AABC 2008 conference, Robert King from GE Global Research outlined requirements and challenges for hybrid locomotive batteries, including: 1,300 kW continuous chare/discharge power. The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Click to enlarge.

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Ener1 Establishes European Division

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This follows on from the recently announced collaboration with Volvo on the plug-in hybrid V70 demonstration vehicles being tested in Europe this fall, which also feature EnerDel lithium-ion batteries. European automakers are really setting the pace in terms of electric and plug-in hybrid vehicle development. Ulrik Grape.

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The Race to Plug-In Hybrids Is On

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A powerful roster of key industry players in the rapidly evolving electric vehicle arena will come together at Infocast’s Opportunities in Grid-Connected Mobility in San Francisco, California. For further information about Opportunities in Grid-Connected Mobility, visit [link]. Introductory and discount rates are available.

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

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have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. ZAP hopes to leverage a stimulus from the government for plug-in forms of transportation. The conventional A380 is powered by a 1.6- liter Mitsubishi engine.)

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