Ultralife (ULBI) has been awarded a total of $3 million from two New York state departments to advance the development of its lithium battery storage systems in wind turbine applications. Specifically, the funds will be used to demonstrate the technology in powering a wind turbine project planned for installation at the State University of New York At Canton next year. Ultimately, it will be one of the first battery integrated wind turbine projects in the … Read the rest
Tag Archives: lithium battery
Aerovironment (AVAV) Sells 8 Electric Vehicle Power Cycling/Test Systems To Ener1 (HEV)
Yesterday it was announced that Ener1 (HEV) will use a portion of the stimulus funds it received to purchase eight electric car power cycling and test systems from Aerovironment (AVAV) to expand the company’s test capabilities at its Indiana facility. The systems are designed to simulate real world driving by repeatedly charging and discharging the lithium batteries. No word on the financials of the deal.
Ener1 (HEV) Gets Buy Rating From Deutsche Bank: "Technology Highly Regarded"
Deutsche Bank is initiating coverage on Ener1 Inc. (HEV) this morning with a Buy rating and price target of $11.
Hat tip to StreetInsider.com for the following analyst comment:
“Ener1’s technology is highly regarded, it has a strong management team, and we expect it to have similar capacity to its primary US competitors (i.e., JCI, A123, LG Chem) through mid-decade. Most importantly, the company has contracts that should generate an annual run-rate of $150+ million … Read the rest
Advanced Battery Tech (ABAT) Gets $8.7 Million Lithium Battery Order
Advanced Battery Tech (ABAT) announced this morning it has signed an $8.7 million polymer lithium-ion phosphate battery contract with U Long Run Sheng Technology. The ABAT batteries will be used by Long Run for electric motorcycles and other electric vehicles.
ABAT CEO, Zhiguo Fu, said, “We believe the order speaks to the quality of our products and services. The management team at U Long Run Sheng compared similar products available in the market and determined … Read the rest
Valence (VLNC) Signs MOU With Siemens To Develop Lithium Batteries For Boats
Valence (VLNC) has signed a memorandum of understanding with Siemens this morning to develop advanced battery storage solutions for marine applications to be compatible with Siemen’s ELFA Hybrid drive marine propulsion system. I for one look forward to the day when battery powered boats are the norm. Gasoline powered boats are highly inefficient and big polluters of lakes, rivers and oceans… that includes noise pollution from jet skis!
Robert L. Kanode, CEO of Valence said, … Read the rest
Altair Nanotechnologies (ALTI) Gets $3.8 Million From Navy For Lithium Battery Research
Altair Nanotechnologies (ALTI) is up nearly 15% in after hours of trading after it was announced the company is receiving $3.8 million from the Office of Naval Research for the ongoing research and design of Altair’s large scale lithium battery storage systems for the potential use on Navy ships as un uninterruptible power supply. The battery would allow the Navy to run only one gas turbine generator efficiently as opposed to two and provide enough … Read the rest
Valence Technology (VLNC) Applies For Fed Cash To Build Advanced Battery Plant
Today, Valence Technology (VLNC) joins the ranks of those companies seeking government cash to build advanced battery production facilities. Just a few weeks ago General Electric announced plans to open an advanced battery production facility in New York and is seeking government funds to help finance it. Valence is applying for a $225 million grant over three years from the US Dept of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative in … Read the rest
Ener1 Inc (HEV) Quietly Breaking Out
While the rest of the green energy market crumbles along with the general market, there are a few green stocks quietly showing strong technical action. One such company is Ener1 (HEV), the maker of lithium batteries for electric cars. A few days ago it broke out of a double bottom base and is now forming a handle as volume levels indicate good demand for the stock. A breakout from the handle above 8.50 and a … Read the rest
Altair Nanotechnologies Inc (ALTI) Announces Development Of New Lithium Battery
Altair Nanotechnologies, Inc, announced that it has completed the 500th full depth cycle of a lithium titanate battery that the company developed under contract with the U.S. Navy. In testing, the battery was shown to have only lost 1% of its capacity, a stunning result that highlights the long life of the new battery technology. When testing is complete, the batteries will be used on Navy destroyers and other vessels instead of a back-up … Read the rest
Cramer Likes Ener1 (HEV) & Sociedad (SQM) For Lithium Battery Play
Jim Cramer said on Mad Money that Ener1 (HEV) is one of his first favorite speculations. He said “”That’s one of my favorite speculations. I think that you want to be in that. It’s a lithium battery company. I also like Sociedad Quimica (SQM) as an even better play.”
Developing smaller lithium batteries than can hold increasingly longer charges while remaining safe will be a big barrier to wide spread adoption of electric plug in … Read the rest