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Battery Grant Winners!: A123Systems Rakes in $249M

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doe-logoThe Obama administration has just named the first group of winners in one of the hottest cleantech programs in the stimulus package, the $2.4 billion Electric Drive Battery and Component Manufacturing Initiative, which includes $1.2 billion for battery cell and pack manufacturing facilities. Among the 48 grants being announced today are some big bucks for at least one startup — Massachusetts-based A123Systems, which is taking home $249.1 million — as well as the big automakers General Motors (s GM), Ford (s F) and Chrysler, which will take home about $410 million in grants combined.

It’s significant that A123Systems has snagged one of these first and largest grants in a pool of some 165 applicants, since the program’s goal of getting technology into large-scale production within two to three years, and the requirement for awardees to share costs, tends to tilt the scales away from younger ventures. A123 had requested as much as $438 million under the program, but today’s grant could help bring it one step closer to a long-planned IPO. According to the Department of Energy, today’s announcement “marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made.”

battery_awardee_listThe government is also throwing its weight behind GM’s Chevy Volt, with funding not only for the Detroit automaker, but also for LG Chem’s Compact Power, the battery cell maker that GM has tapped for its extended-range electric vehicle. To see all of the awardees and the projects that these grants will fund, you can download the list from the DOE at left (PDF). Here’s a quick rundown of some of the notable grants:

  • Johnson Controls: $299.2 million
  • A123Systems: $249.1 million
  • General Motors: $240 million
  • Dow Kokam: $161 million
  • Compact Power, on behalf of LG Chem: $151.4 million
  • EnerDel: $118.5 million
  • Ford Motor: $100 million
  • Saft America: $95.5 million
  • Delphi Automotive Systems: $89.3 million
  • Chrysler: $73 million
  • Polypore subsidiary Celgard: $49.2 million
  • UQM Technologies: $45.1 million
  • Magna E-Car Systems of America: $40 million
  • Exide Technologies with Axion Power International: $34.3 million
  • Smith Electric: $10 million


39 Responses to “Battery Grant Winners!: A123Systems Rakes in $249M”

  1. grupa jurgena

    We need you grieve, all invest in developing batteries wonderfully amazing money that started the work on the development of batteries but in our opinion, this is not the industry spin batteries, the batteries do not play a great role in the automotive industry. Many companies are concerned they will lose millions on the development of not reaching the goal. These development facilities, called Leonardo da Vinci, how different type of research that could move the oil from the batteries and electric cars, many institutes said that new technologies must be born only in the institutes. Gentlemen, we are talking or not mierzycie too high in their opinions, many of you would like to be on the desks of those plans already with this name. Can you afford to give stock to these groups for the good climate and the future of us? Think about whether the money is not spent now to develop a new direction, it is only three months to clarify whether the world is doing in the shift towards a new energy? Whether it is the Battery? Do you want to spend the money figures for the last dollar and they may fear losing their jobs and can no longer would have to be all of us begin to return to work? Was this article is worth the support we, 1 to 100% of the Leonardo da Vinci, change the world?

  2. palin2012c

    The Centrist is following the developments and announcements that Michigan would receive more than $1.35B in federal grants for advanced battery and electrical vehicle manufacturing. The best news is that ‘First, it means thousands of new, good-paying jobs. Estimates are 6,800 new Michigan jobs in the next 18 months and up to 40,000 jobs by 2020.

    The Centrist wonders if the leadership of Michigan has been following the evolution of the fine state of TN as also being a pioneer and leader for the development and deployment of EV’s, charging infrastructures and batteries.?
    Full Story With Great EV Graphics:

  3. my new battery that has been on the road for 183000 miles used no gas because it recharges itself . a film crew have been driveing this all electric car 4 door sedan with a professor in the car and i have not been with them on the drive all over the united states so this will be entirely thier choice if this is a good or bad electric battery system . i have been told by all of them this is the future for electric . no breakdowns and they drove day and night testing every detail this battery i made has proven itself because they drove in all conditions for weather and power to go up mountains the documentary will be on TV to show everyone and let the public decide if they would like to have one . on many stops they hooked up the electric car to homes to show that it will run a house . that means no gasoline needed no power grid needed to drive 183000 miles they all have been in there words in the makeing of history. i am proud that this is made and here now not on a drawing board.

  4. A123 may have a great battery, I haven’t had the oportunity to test use them. They do have great connections in the influential sector that counts. GM, the Military etcetc. They have been packing in the coallition for many moons, while the rest of our domestic nasccent battery industry was struggling or sleeping. I, again, can’t say…I’m too far removed from the centre. But its seemed far from a done deal all along, yet….here we are. We have people supplying cars and heavy trucks, in the considerations rounds for Navy subs….but we keep hearing 1234, 123, 123. Great publicity dept at the least. Wish we knew about the tech and the pricepoint. More to the point, and here I speak as part of the small strugling developement industry, we would like to get responses from some of these big guys that lead us to believe they might ever let us use some of the goodies they come up with. I guess only the $150,000 plus$ vehicle mfgs can have that dream?

    Thanks for commenting about the recharge grid and the importance of which we can not over emphasize. Are you aware of the fellow who has the bussiness plan to “lease” the batteries from recharge depots? This allows e-vehicle owners to externalize the emense high barrier of outright purchase. A sort of market based socialism, where the batteries are bought and charged and cycled as a separate enterprise. Makes great economic sense to me. But it also would mean a bit more STANDARDIZATION. that might not fly in the home of the lone cowboy culture (USA)

  5. Josie Garthwaite

    @Vlad – You’re right, it’s quite interesting that ETEC (along with Nissan as it’s partner) is getting $99.8M to deploy more than 12,000 chargers. We’ll be taking a closer look at these awards soon. In the meantime, I’m looking forward to hearing more from you guys about what stands out to you in today’s announcements.

  6. How come no mention of eTec (ECOtality’s subsidiary) and them winning $100 Million (as much as Ford) in your article? They are the only charge infrastructure player to win, not Better Place or Coulomb or AeroVironment.