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Tagged: advanced batteries

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Economy
4:51 pm
Fri March 8, 2013

State of Michigan says bankrupt battery maker can’t transfer tax credits

A123 Systems Inc.'s battery manufacturing facility in Livonia, Michigan. The company filed for bankruptcy on Tuesday.
Credit A123 Systems Inc. / Facebook
A123 Systems Inc.'s battery manufacutring facility in Livonia, Michigan.
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The State of Michigan says the new owner of bankrupt battery maker A123 Systems cannot get the company's state tax credits.

In April, 2009 the state awarded a “high-tech state tax credit” worth a little more than $25 million over 15 years and a “battery cell state tax credit” worth $100 million over four years

China’s Wanxiang Group (specially, one of it's American-based subsidies) bought most of A123 Systems' assets for a little more than $250 million. A123 says those assets include the state tax credits for two battery plants in Romulus and Livonia.

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Economy
9:59 am
Wed March 6, 2013

What’s up with the future of advanced batteries?

Next imagePrevious image
Credit Johnson Controls
Workers at Johnson Controls' Meadowbrook plant assemble lithium ion battery packs.
Credit Johnson Controls
The beginning of lithium ion batteries in the form of "jelly rolls" come down the assembly line at Johnson Controls' plant in Holland.
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Boeing hopes to have a permanent fix for its new Dreamliner jet by the end of the month. All Dreamliners have been grounded since January after reports of the batteries smoking or catching fire.

The news is another bump in the road for lithium ion battery manufacturers, who’ve already had some problems marketing the next generation of batteries.

Listen to the story here.

Lithium ion dominating the market

Lithium ion based batteries are everywhere; your cell phone, laptop or tablet, cordless power tools. But there are several kinds of lithium ion batteries. The ones in the Dreamliner aren’t the same as the ones in consumer electronics.

“We’re in the middle of a horse race and right now lithium ion is far in the lead of that horse race,” Sam Jaffe said. He’s an energy storage analyst with Pike Research.

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