Remove Grid Remove Market Remove Plug-in Remove Stimulus
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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

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With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts. Founded in 2001, A123 Systems develops and manufactures advanced lithium ion batteries and battery systems for the transportation, electric grid and consumer markets.

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

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ZAP and Jonway partnered on the production of an electric version of the compact 5-door Jonway A380 SUV, integrating AC propulsion and lithium-ion battery system technologies to produce a mid-range electric vehicle (EV) that ZAP intends to offer to the fleet market in China. The conventional A380 is powered by a 1.6- liter Mitsubishi engine.)

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Plug-in cars: Moving Forward

Plugs and Cars

Plug-in cars are inevitable. Nissan appears intent on opening up a market for mid-price range electric cars within two years. Mitsubishi has begun to manufacture the iMiev in the thousands for the Japanese market. The other carmakers domestic and foreign have less firm but well press-released plans for plug-ins.

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

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The survey addresses a range of topics relevant to the success of plug-in electric drive vehicles, including product design (i.e., hybrids and plug-in hybrids vs. battery EVs); pricing; power generation investment and capacity; funding and developing an infrastructure; and energy sources for electricity. —Charging Forward.

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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.

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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.) Mark Little.

Financing 150