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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.

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ENER1 Receives Additional $20M from Principal Shareholder

Green Car Congress

Li-ion maker ENER1, Inc. has executed a securities purchase agreement with its principal shareholder, Ener1 Group, for the purchase of common stock and warrants for $20 million. The financing is expected to close next week. Ener1 set out to raise $150 million at the start of 2010, to meet near-term manufacturing objectives.

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Axion supplying PbC batteries to Norfolk Southern for all-battery switcher and working on line-haul hybrid locomotives; micro-hybrid and stationary expansion

Green Car Congress

Compared to Li-ion batteries: PbC batteries are more affordable [3x] than lithium-ion or supercapacitors; PbC batteries have recycling value at end-of-life [$35/lbs], while Lithium-ion batteries have recycling cost at end-of-life [~$75/lbs]. —Tom Granville. Micro-hybrids. start-stop) vehicles. Earlier post.).

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