Battery Technology News

Thursday, December 22, 2011

Boston-Power adds $30M funding to build China plant
Boston-Power Inc., a Westborough maker of next-generation lithium-ion batteries and systems, has landed an additional $30 million in new funding to add to the $125 million investment the company took in September.

Tuesday, November 8, 2011

A123, Japan's IHI form $25M battery tech licensing deal
Waltham battery maker A123 Systems Inc. has formed a $25 million licensing partnership with Japanese industrial equipment manufacturer IHI Corp., which will make IHI the sole provider of A123 battery systems in Japan’s transportation market.

Wednesday, October 12, 2011

A123 shares jump on Chevrolet Spark EV deal
Battery maker A123 Systems Inc. got a boost on the stock market today when General Motors Corp. said that the Waltham company will supply the batteries for the electric version of the new Chevrolet Spark mini-car.

Wednesday, October 5, 2011

Mass. cleantech-VC deals down in Q3, Boston-Power excepted
Apart from battery maker Boston-Power Inc., just 10 Massachusetts cleantech companies were able to find venture capital deals during the third quarter, together raising $51 million, the Cleantech Group reported Wednesday.

Tuesday, September 27, 2011

WiTricity wireless car charger advances with Mitsubishi, IHI deal
WiTricity Corp.’s wireless electrical charging technology took a step closer to commercial application when the Watertown company signed a partnership with Mitsubishi Motors Corp. and IHI Corp. to develop wireless charging systems for electric vehicles.

Tuesday, September 20, 2011

Boston-Power shifts electric vehicle battery focus to China
Boston-Power Inc. has received $125 million in private and government funding from sources in China, and is turning its focus to China for its manufacturing, its headquarters and some of its research and development.

Thursday, August 18, 2011

Why electric vehicles are so important to the United States
The Institute for Energy & Sustainability's Chris Noonan: Electric vehicles came out of the 21st century, relegated to the Hollywood documentary, "Who killed the Electric Car." But this time it is more important than ever that we capitalize on EVs, especially from an American perspective.

Thursday, August 11, 2011

A123 snags GM battery contract, prompts shares to rise
Shares in A123 Systems Inc. jumped 38 percent in morning trading, on news the Waltham battery producer won a contract from General Motors Company to provide battery cells and components for electric vehicles.

Thursday, July 7, 2011

Liquid Metal Battery secures MIT patents
Liquid Metal Battery Corp. has obtained patent rights from MIT for technology associated with its grid-level electric storage batteries. The Cambridge-based company is backed by French energy company Total SA, along with personal funding from Microsoft Corp. founder Bill Gates.

Wednesday, June 8, 2011

The Mover: Ford veteran Prytash takes over as CFO for battery maker A123
Ford Motor Co. veteran David Prystash took over as chief financial officer at Waltham-based lithium ion battery maker A123 Systems Inc. last month with plans to chart a course for A123 to become “the” battery supplier for the electric vehicle industry.

Monday, May 23, 2011

Gates helps to fund MIT's Liquid Metal Battery
MIT spinout Liquid Metal Battery, which is developing grid-scale battery technology designed to deal with the fluctuations supply associated with wind and solar power, has received an undisclosed amount of seed funding from the Bill and Melinda Gates Foundation.

Wednesday, May 4, 2011

A123 appoints Ford vet Prystash as CFO
Waltham-based lithium ion battery maker A123 Systems Inc. announced Wednesday that it has named David Prystash, a veteran of Ford Motor Co., as its new chief financial officer.

Thursday, April 21, 2011

A123 lands battery tech deal with Mavizen
A123 Systems Inc. said it has reached a supply and distribution agreement to provide lithium-ion battery technology for high-performance motorsports.

Monday, April 11, 2011

A123 execs see salary increase amid 2010 net loss
A123 Systems Inc. reported Monday that several of its top executives are slated to get salary increases in fiscal 2011, according to a regulatory filing. The company has seen its stock fall in recent weeks following a 78 percent wider net loss in 2010 and a $223 million offering of stock and bonds.

Friday, April 1, 2011

A123 eyes batteries for higher-mileage electric cars
A123 Systems Inc. is working on several research and development projects that could drastically improve the driving range for electric vehicles, A123 co-founder and R&D head Bart Riley said Thursday.
A123 prices $223M stock and bond offering
A123 Systems Inc. announced the pricing of its stock and bond offerings Friday and said it expects net proceeds of at least $223.3 million from the offerings.

Monday, March 28, 2011

A123 plans new stock, bond offerings
A123 Systems Inc. announced proposals for a new public stock offering and new bond offering Monday, which together would raise more than $260 million based on the current share price.

Tuesday, March 1, 2011

A123 to add batteries to upcoming pure-electric car
A123 Systems Inc. has been chosen to produce battery packs for a pure-electric vehicle by a "major" North American automaker, which is expected to hit the market in 2013, CEO David Vieau said.

Monday, February 28, 2011

A123's 2010 losses widen with more expenses
A123 Systems Inc. saw its annual net loss widen by 78 percent in 2010, as the company laid a foundation to support "rapid growth" in coming years, the company said Monday.

Tuesday, February 8, 2011

A123 begins battery making, testing in Westborough
A123 Systems Inc. began operations last week at a new location in Westborough, where the company is producing trailer-sized battery systems for the electric grid, a company executive said.