Boston-Power, Inc., the rapidly growing provider of next-generation Lithium-ion batteries, announced $55 million in new funding. Boston-Power will use the new growth capital to scale manufacturing, sales, marketing, and research and development to meet strong global demand for Sonata Lithium-ion batteries. Initially targeting notebook computers, Sonata...
China BAK Battery, Inc., one of the largest lithium-ion battery cell manufacturers in the world, as measured by production output, today announced its Electric Vehicles Lithium-phosphate Power Battery Industrialization Project has been selected as a key project of the PRC’s National High Technology Research and Development Program, or “863...
Imara Corporation, a research, design and manufacturing company that has developed next generation lithium-ion battery technology, today officially launched and announced its plan to deliver U.S.-based energy storage solutions. Imara’s patented and proprietary battery technology breaks through current barriers of performance and energy capability,...
Saft and ABB have developed the world’s first high voltage Li-ion (lithium-ion) battery system designed to improve the stability of power distribution grids. The new system combines dynamic energy storage provided by Saft’s 5.2 kV battery, which will help respond to disruptions in the grid, with ABB’s SVC (Static Var Compensation)...
Ener1, Inc. maker of advanced lithium-ion battery solutions to power the next generation of hybrid, plug-in hybrid and electric vehicles, today announced the signing of a memorandum of understanding with Kyushu Electric Power, the fourth largest publicly traded power and utility company in Japan. The MOU marks an understanding that Ener1 and KEPCO...
Hong Kong Highpower Technology, Inc., a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products, today announced the groundbreaking of its new Ni-MH battery manufacturing facility in Huizhou, Guangdong Province, China and commencement of building construction on site plans that have...
GE is recharging the electrification of transportation by making its sixth equity investment in lithium-ion battery manufacturer A123Systems. GE invested $30 million in A123’s $102 million Series E financing, making it the battery manufacturer’s largest single cash investor – at 9 percent ownership. The investments were made by GE Commercial Finance...
Hitachi, Ltd. and Hitachi Vehicle Energy, Ltd., which manufactures lithium-ion batteries for hybrid electric vehicles (HEV) and other uses, today announced that they have been awarded an order from U.S.-based Eaton Corporation to supply motors, inverters, lithium-ion batteries and other components for Eaton’s hybrid power systems to be delivered through...
Quantum Fuel Systems Technologies Worldwide, Inc. announced that its German solar photovoltaic partner, Asola has signed a Memorandum of Understanding to establish a joint venture manufacturing plant in South Korea, to enable production and distribution of high quality, German-designed solar modules in South Korea. The Korean partner Q&Tech / Yongsan...
With gas prices at $3.70 per gallon and attention from Beijing to Belgium focused on carbon emissions, light electric vehicles (EVs) – from mass-market hybrids like the Toyota Prius to pure electric vehicles like the Tesla Roadster – are a hot topic with the auto and finance industries alike. Earlier this month, lithium-ion (Li-ion) battery manufacturer...