The auction of U.S. battery maker A123, expected to kick off today, will determine if the tech will stay in the U.S. with Jonhson Controls or be snapped up by Chinese conglomerate Wanxiang. The controversy exposes fears over China and the politicization of electric vehicles. Read more »
Because battery chemistry is such a hard problem, it’s pretty natural that we’re turning to the power of analytics, big data, cloud computing and all those other fun IT buzz words to solve it. Read more »
Suffering battery maker A123 Systems has found a lifeline in Chinese auto giant Wanxiang. Wanxiang will invest up to $450 million in A123 which could see it own up to 80 percent of the company. Read more »
It’s not a good time to be an electric car battery maker. On Thursday lithium ion battery maker A123 Systems issued a going concern warning and saw its shares drop by close to 8 percent in trading. Read more »
Electric car maker Fisker Automotive has boosted its fund raising plans by $200 million, according to a filing. The company has now raised around a billion in private funding. Read more »
Lithium ion battery maker A123 Systems announced that it will replace some of the battery modules and packs that it’s sold that could contain defective prismatic cells, and that includes batteries for Fisker’s electric car the Karma. Read more »
Electric vehicle startup Fisker Automotive has dramatically scaled back production plans of its first car, the Karma, in the fourth quarter of 2011, and it won’t ramp up to full production until the second quarter of 2012. Read more »
Lithium battery company A123 Systems has lowered its yearly revenue guidance significantly and says it is because of an unexpected reduction in orders for batteries to its customer VC-backed electric car startup Fisker Automotive. Read more »
After the great market sell-off yesterday, stocks are rebounding slightly on Tuesday, including many of the greentech stocks that took a beating yesterday. But most of them are only up slightly. Here’s the latest: Read more »
Power company AES is in the process of scaling up its lithium-ion grid battery projects to a commercial size, and by the third quarter of this year, plans to start operating a 32-MW project in conjunction with grid operator PJM in West Virginia. Read more »
Nine-year-old energy-focused venture capital firm Braemar Energy Ventures is looking to raise $300 million for its latest fund, Braemar Energy Ventures III, according to an SEC filing. Read more »
In a combination of loans, grants and equity, Fisker has raised over $1 billion, and plans to launch its first electric car the Karma to dealerships for demonstrations in May or June and then to customers in June or July. Read more »
Lithium ion battery maker A123 Systems, which has built a business off of power tools and electric cars, has been increasingly focusing on the power grid and can thank power company AES for pretty much all of the growth of its grid sales. Read more »
Lithium-ion battery maker A123 Systems let loose a few tidbits in its earnings call: that it quietly cultivated a new energy storage venture and set it loose, that it has been chosen for a yet-to-be announced auto project, and that it’s pulled out of its Chrysler deal. Read more »
Happy greentech earnings day! Some major bellweathers of emerging green industries — including solar maker SunPower, LED company Cree, lithium ion battery firm A123 Systems, and solar wafer maker LDK — announced earnings today. Here’s are some important bits you should note. Read more »
