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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.

Grid 199
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Odyne Systems delivers 7 plug-in hybrid work trucks through the Wisconsin Clean Transportation Program

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Odyne Systems, LLC has delivered seven trucks featuring the Odyne plug-in hybrid propulsion system to utilities and municipalities throughout Wisconsin. Although the county automotive fleet includes hybrids, these are the first hybrid trucks they are putting to work. Manufactured by DUECO, Inc.

Wisconsin 199
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Stimulus Bill Provides Major Increase in Plug-in Vehicle Purchase Credit Program

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The $787-billion stimulus bill (HR 1, the American Recovery and Reinvestment Act) that emerged from the joint House-Senate conference committee this week provides funds for a large range of transportation-related projects. No Republicans voted for the measure, and seven Democrats voted against it. Tax Credits for Plug-ins.

Stimulus 150
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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. hybrids and plug-in hybrids vs. battery EVs); pricing; power generation investment and capacity; funding and developing an infrastructure; and energy sources for electricity. However, as fuel prices escalate, the demand for an EV or hybrid vehicle will likely increase in the near-term.

Industry 199
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GE to Open Sodium-Metal Halide Battery Plant in New York

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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. The first application will be GE’s hybrid locomotive, which will be commercialized in 2010. Battery Requirements for Hybrid Locomotives.

Sodium 191
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EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

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Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5

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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.)

Financing 150