More on A123 Systems (Batteries)

Posted on April 14, 2009. Filed under: automotive, energy efficiency, manufacturing | Tags: , |

Yesterday’s blog reported on Chrysler’s decision to use A123 Battery Systems for it’s planned electric vehicles and hybrid plug-ins.  Here’s more about A123, courtesy of SME’s April14 Daily Executive Briefing, taken from an April 13 Wall Street Journal article:

 GE Investing Another $15 Million In A123 Systems. The Wall Street Journal (4/13, Johnson) Environmental Capital blog reported, “General Electric is pouring another $15 million into battery maker A123 Systems, the seventh time GE has put money into the MIT offshoot,” and “the $69 million invested by GE and others will let A123 expand factories to ramp up production of auto batteries.” The investment, noted the blog, “has as much to do with the future of electricity as with the future of automation.” The company said that “not all the money will be used to build futuristic cars: ‘The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage.’” The blog pointed out that “finding a cost-effective, reliable way to store the intermittent electricity produced by wind farms and solar panels would make it easier to use a lot more clean energy.  –nks

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