A123 Systems

Fisker says its problem Karmas are almost all fixed

Fisker has been rushing to fix the problem with the hose clamp for the batteries on its Karma electric car. It says that the “majority” of its customers’ and dealers’ cars with problem batteries have either gotten new batteries or have been repaired.

A123 Systems Posts Lower Sales, Widens Loss in Q1

Auto makers aren’t making much money (if any) off of electric cars yet. The same thing is true for the makers of the batteries that will run them. A123 System on Monday reported lower sales and widened its loss for the first quarter.

A123 Systems Can Thank AES For Grid Sales

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.

Stimulus Milestone: A123 Opens Largest U.S. EV Battery Plant

Lithium ion battery maker A123 Systems (s AONE) officially opened up its stimulus money-funded battery factory in Michigan, which will eventually reach 600 megawatt hours of annual production capacity, and, according to the company, represents the largest lithium ion battery plant for electric vehicles in the U.S.

A123's Energy Storage Spin-out 24M Raises Funds

Last week battery maker A123 Systems quietly unveiled that it had spun out an energy storage venture called 24M Technologies that would raise outside funding. This morning 24M details those backers: $10 million from Charles River Ventures and North Bridge Venture Partners, and $6 million from ARPA-E.


Beyond the Breakthrough: Building a Better Battery Business

Batteries change by “quantum leaps from one chemistry family to the next,” Maurice Gunderson of CMEA Capital. One key for investors, inventors and entrepreneurs when building or sizing up a battery business is to resist focusing too narrowly on the challenge du jour, and instead evaluate what unique applications might be transformed by that particular energy storage solution.