By Jeff Siegel of GreenChipStocks.com
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In the 1973 movie Papillon (adapted from the 1969 French novel by Henri Charriere), there’s a scene where Papillon is considering jumping off a cliff to escape the island on which he is being imprisoned. His friend Dega says, “It seems so desperate. You think it will work?”
And Papillon replies, “Does it matter?”
Papillon had two options: Stay on the island and … Read the rest
Panasonic Corp just announced that it will pay $4.6 billion to take the reins at Sanyo Electric Company. With the two companies’ powers combined, the result will be one of the largest electronics makers in the world.
Panasonic will pay 403.78 billion yen ($4.6 billion) for 50.2 percent of Sanyo, paying 131 yen per share. The move will enable Panasonic to tap the Sanyo team’s expertise in terms of green technologies like solar panels and … Read the rest
Valence Technology just announced that the company has joined a team of yachting industry leaders committed to developing a hybrid bluewater yacht and bringing it to market. Other team members include custom yacht builder Foundation Beneteau Yachts, marine diesel engine company Volkswagen AG and Tier 1 driveline integrator ZF Marine. Valence will provide its lithium-ion battery systems for the yachts.
In a press release, Robert L. Kanode, president and CEO of Valence Technology, commented … Read the rest
Ener1 just announced that the company has received a $20 million strategic equity investment from Japanese commercial trading company ITOCHU Corporation. ITOCHU purchased 3.2 million shares of Ener1 common stock, paying $6.18 per share.
In a press release, Ener1 Chairman and CEO Charles Gassenheimer commented on the news:
“ITOCHU has been an invaluable strategic partner for Ener1, supplying capital at important phases in the company’s growth and granting vital access to materials and equipment. … Read the rest
It’s being announced this morning that EnerDel (HEV) has participated in a Tokyo smart grid project scheduled to come online in a few months. The project involves several companies from around the world including EnerDel, Mazda and Itochu Corp (EnerDel’s sales/marketing partner in Japan and long time investor) and aims to construct a complete smart grid marrying the components of electric vehicles and solar power.
EnerDel has outfitted Mazda vehicles with its lithium batteries along … Read the rest
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.
Capstone Turbine (CPST) is about to reveal its prototype CMT-380 hybrid-electric supercar at the LA Auto Show Dec 2 – 13. The car, which is powered by lithium batteries and a 30kW microturbine engine has the specs of a half way decent sports car.. 0-60 in 3.9 sec, 150mp top speed along with the advantages of a hybrid electric.. 500 miles on a single tank of diesel or biodiesel and up to 80 miles on … Read the rest
Yesterday A123 Systems (AONE) surged on news it received some government cash to develop utility scale battery storage systems. This morning, it’s EnerDel’s (HEV) turn. The company has announced that it will participate in a program to help develop Portland General Electric’s smart grid which is a project funded in part by the DOE. The DOE will provide around $90 million of the $178 million project.
EnerDel will build lithium batteries for five 1MW … Read the rest
A123 Systems (AONE) has been surging off the bottom over the past 30 minutes on news it will use $5 million from the US Dept of Energy to collaborate with Detroit Edison on a study to find out if electric car batteries can be bundled together to store emergency supplies of power for the electric grid. Detroit Edison, owned by DTE Energy, will bundle the battery packs containing 25 lithium batteries in 20 groups and … Read the rest
A123 Systems just announced that they are setting up 2 new business groups, one focused on transportation and one focused on cell design and development. Jason Forcier will head the Automotive Solutions Group, which will work with automtive and transportation manufacturers around the world to provide batteries and battery systems. Chris Tecca will head the Cell Products Group, which will focus on developing and improving a123’s battery cell products and Nanophosphate technology.
In a press … Read the rest