Ener1 Inc., August 9, 2010, announced that it has signed lithium-ion battery power supply contracts with two new customers, they are Hyundai Heavy Industries Company (HHI) and the Toro Company. Hyundai Heavy Industries (HHI) to purchase its electric vehicle lithium-ion battery cells, these cells Lithium-ion battery will also be applied to California ACTransit company.
Ener1 Inc. to impress the rigid carbon monoxide mixed 17.5Ah battery, will provide a competitive solution.
Ener1 businesses are able to provide the equivalent of up to 11,000 million EV (electric vehicle) with a battery, which 260MWh lithium-ion battery system. Its capacity of 15,000 units is expected to rapidly improve the EV (Electric Vehicle) with the cell stack.
Ener1, a manufacturer of lithium-ion batteries in America, announced Thursday it has signed a memorandum of understanding with Russia’s Federal Grid Company, together to develop high-performance battery systems to help support Russia’s aging grid, which is expected to experience unprecedented demand in the years to come.
Ener1 manufactures lithium-ion battery systems for automotive and utility grid applications. It is the parent company of EnerDel, which is ramping up manufacturing at its new facility in Mt. Comfort and had already planned to hire hundreds more workers before this latest agreement.
In a press release, Ener1 CEO Charles Gassenheimer commented on the news:
“Compared to any of the alternatives, grid storage is a quick, highly cost effective way to solve reliability and power quality challenges on any network, and especially one that is already operating at its limit. Russia and other emerging markets have the opportunity to leapfrog the kind of systems that exist elsewhere because the need for innovative solutions is so acute, and their existing grids are already stretched thin. The ability to store energy to use where and when it’s needed is a big part of that.”
Chinese auto parts maker Wanxiang announced Thursday that it entered JV with EnerDel to access the world’s fastest growing electric vehicle market.
The announcement was made by EnerDel CEO Charles Gassenheimer in Greenfield, on the eve of a summit between Indiana auto-part makers and the largest delegation of Chinese auto executives to visit the U.S.
EnerDel had already announced plans to hire 1,400 new workers in its central Indiana plants as it ramped up production of battery packs for electric-car maker Think. The new joint venture with China could double that number to 3,000, the company said.
“There is considerable demand for electric vehicle technology, especially for heavy-duty bus applications, that we believe could equate to a 1 million unit or a $100 billion revenue opportunity over the next 10 years,” Gassenheimer said at a press conference Thursday. “Working with such an established and qualified partner is a tremendous opportunity for EnerDel, bringing unparalleled access to its customer base in China and beyond.”
EnerDel is the first producer in the world to make 600-pound lithium-ion batteries scaled for automobiles. The company is made up in part of former Delphi and Remy business units that were spun off in the 1990s by General Motors. Wanxiang is the second-largest privately company in China. It has an electric-vehicle division that produces hybrid and electric buses. Wanxiang is also the second-largest stakeholder in Guangzhou Automobile, which has joint ventures with Toyota, Honda and Fiat.
Indiana Gov. Mitch Daniels said the announcement is evidence that Indiana is quickly becoming a global center for electric vehicle technology. “Indiana has been leading the nation in attracting the re-investment of dollars back into America. With the first investments by Chinese firms, 2010 marks the dawn of the next chapter in that leadership.”
Large-format lithium-ion battery maker Ener1, Inc. had announced that it has received $20 million in fresh investment capital from ITOCHU Corporation, a Japanese commercial trading giant with deep ties in the automotive, utility and renewable energy industries. ITOCHU purchased 3.2 million shares of common stock from Ener1 at a price of $6.18 per share.
Ener1 produces high performance battery systems for the automotive and electric utility markets through its EnerDel subsidiary in Indianapolis, Indiana, which operates one of the most advanced production facilities of its kind in the world. In August, the company received a $118 million cost-share grant from the U.S. Department of Energy, which will be used to help double the company’s domestic production capacity.
Recent announcements stemming from Ener1’s partnership with ITOCHU include the first project in the world linking grid storage, electric vehicles, rapid recharging infrastructure and solar power, working alongside Mazda Corporation and Think Global electric vehicle company; the conversion of Japanese Postal trucks in the Kanagawa and Tokyo Prefectures; and the development of one of the world’s most advanced rapid recharge technologies, working alongside Kyushu Electric Power (KEPCO), the fourth largest power and utility company in Japan.
Separately, EnerDel has active relationships underway with automakers Think, Volvo, Mazda, Nissan and Fisker. Their battery packs are also being tested by the U.S. Department of Defense in a prototype hybrid Humvee. Last month, the company was chosen to supply the batteries that will power a DOE-funded smart grid energy storage project by Portland General Electric (PGE) that will help manage peak demand and smooth the variations in power from renewable sources like wind and solar.
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