Comments on: GE Ups Investment in A123, Confirms Commitment to Green

By: Battery Maker A123Systems Charges Up With $69M

Battery Maker A123Systems Charges Up With $69M — Mon, 13 Apr 2009 15:10:36 +0000

[...] GE has sure taken a fancy to the battery maker — this is the seventh investment from GE Energy Financial Services and GE Capital’s Equity unit, and at $15 million it brings GE’s investment in A123Systems to $70 million. GE now owns more than 10 percent of A123Sytems and is the battery maker’s largest cash investor. GE made its sixth investment in A123Systems just back in October. [...]

By: car jacks

car jacks — Sat, 14 Mar 2009 12:25:50 +0000

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By: Beyond the Valley, GE is the Ultimate Green VC « Earth2Tech

Beyond the Valley, GE is the Ultimate Green VC « Earth2Tech — Wed, 25 Feb 2009 21:53:48 +0000

[...] be keeping busy. In the past, GE has invested in startups as diverse as smart grid company GridNet, lithium-ion battery maker A123 Systems and purification company Advanced Electron [...]

By: FX

FX — Sun, 25 Jan 2009 21:58:16 +0000

I for one am glad to see GE invest in green technologies. Not only does our country need it but the entire world does. And who better to get behind the project than one of the most successful companies the world has ever seen. I wish them all the luck in the world.

By: GM Reportedly Close to Deal With LG Chem for Volt Battery « Earth2Tech

GM Reportedly Close to Deal With LG Chem for Volt Battery « Earth2Tech — Thu, 23 Oct 2008 16:19:02 +0000

[...] — the company filed August — as its stock would likely take a hit this morning (though GE did announce that it had upped its stake in A123 yesterday). But the Reuters report also says that GM could continue to work with Continental and [...]

By: Sa Surmeli

Sa Surmeli — Thu, 23 Oct 2008 14:47:10 +0000

This is not a new funding - based on the Registration Statement that A123 has on file with the SEC. The $102 million Series E round was all in the first half of 2008. Here's what the company says in its registration statement:

On May 6, 2008, May 30, 2008 and June 16, 2008, we sold an aggregate of 6,152,553 shares of our series E convertible preferred stock to 15 accredited investors at a purchase price of $16.59 per share for aggregate proceeds of $102.1 million.

By: Apollo Daily Digest » Blog Archive » October 23, 2008: The UN Calls For A Green New Deal

Thu, 23 Oct 2008 07:56:40 +0000

[...] Despite reports asserting that the economic crisis had lead General Electric to abandon new clean energy investments, the company said yesterday that it expects revenue from its “Ecomagination” line to grow by 21 percent this year. [...]

By: General Electric confirms commitment to green technologies — Sustainable Kentucky

Thu, 23 Oct 2008 03:20:06 +0000

[...] Electric has announced that it will continue making significant investments in green technologies despite the economic downturn. GE made an equity investment in transportation battery maker [...]

By: Deep Patel

Deep Patel — Wed, 22 Oct 2008 18:52:48 +0000

Yep, GE is going long on renewable energy, last week at Solar Power International 2008, they actually had a booth at the event, I think this is the first year I have seen them with that type of representation at a solar power trade show. Also I noticed piper jaffray had a huge presence this year, which shows many financial firms are betting on renewable energy!