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Valence applies for US DOE grant of $ 225 million to help fund battery plant

American battery manufacturer Valance Technology, Inc. announced on May 27 that it has submitted a $225 million grant application to the US Department of Energy (DOE) under the Electric Drive Vehicle Battery and Component Manufacturing Initiative.

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Nevada Geothermal Power Inc. (NGP), a renewable energy company that focuses on geothermal power, provided a progress report for its Blue Mountain “Faulkner 1” 49.5-megawatt (MW) binary cycle geothermal power plant in Nevada.

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Battery maker seeks funding for $ 94-million manufacturing plant

A Wisconsin-based manufacturer of batteries used in utilities and commercial sites yesterday [May20] said it has applied for $47 million of economic stimulus funds to match its planned $94-million manufacturing plant and other projects.

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Altair Nanotechnologies and Amperex Technology to co-develop lithium-titanate batteries

Energy storage companies Altair Nanotechnologies, Inc. (Altairnano) and Amperex Technologies Limited (ATL) signed a joint development agreement on May 18 to speed up the commercialization of lithium-titanate batteries.

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Quallion LLC to bid for DOE grant for a $ 220-million lithium ion battery manufacturing facility in California

Quallion LLC, a manufacturer of lithium ion batteries, has submitted a proposal to the DOE for a grant under the Recovery Act – Electric Drive Vehicle Battery Component Manufacturing Initiative to build a $220 million lithium ion battery manufacturing facility.

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Cisco partners with utilities, other sectors, in smart grid bid

Networking and communications company Cisco on Monday [May 18] outlined its strategy for the smart grid infrastructure market, announcing partnerships with utilities, environment groups, and other stakeholders for its aims.

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Hitachi develops world’s potentially lightest battery for electric vehicles

Japanese technology company Hitachi, Ltd. said it has developed what could become one of the world’s lightest batteries for electric vehicles.

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Pike Research estimates energy storage to grow from $ 329 million in 2008 to $ 4.1 billion by 2018

Green business intelligence firm Pike Research issued a report stating that the energy storage industry could increase from $329 million in 2008 to $4.1 billion by 2018.

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BASF and Sion Power to jointly develop lithium-sulfur battery technology

Germany’s BASF, the world’s largest chemical company, signed a joint development agreement (JDA) on May 15 with American battery maker, Sion Power Corp., to bring its proprietary lithium-sulfur (Li-S) battery technology to market faster.

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Raser Technologies named Alternative Energy- Geothermal Plant of the Year in ELECTRIC POWER Conference

Raser Technologies was selected as the Alternative Energy – Geothermal “Power Plant of the Year” for its Hatch Geothermal Power Plant at the annual ELECTRIC POWER Conference in Chicago on May 11.

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