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Author Topic: Batteries  (Read 5436 times)

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AGelbert

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Re: Batteries
« on: October 30, 2014, 04:03:40 pm »
Alevo Planning Battery Plant in Former Cigarette Factory

By Ehren Goossens  Oct 27, 2014 6:28 PM ET     

Alevo Group SA, a Swiss startup, is planning a battery factory to produce energy-storage systems for utilities to manage intermittent power supplies from renewable sources such as wind and sunlight.

The company paid $68.5 million for a former cigarette factory in Concord, North Carolina and expects to begin production next year, according to a statement today. It will initially make about 40 GridBank systems a month, shipping containers packed with lithium-ion batteries that can hold about 2 megawatts.


The growing use of renewable energy   ;D will become a challenge for utilities that must maintain a constant flow of electricity. That will create demand for storage technologies that can help balance supply and demand, said Jostein Eikeland, Martigny, Switzerland-based Alevo’s chairman  , chief executive officer and largest shareholder.

“We saw there was an opening in the market and saw the opportunity to be a shock absorber for the grid,” he said in an interview.

The 3.5 million square-foot (325,000 square-meter) former Philip Morris International Inc. factory will employ about 500 people in its first year, eventually expanding to 6,000 workers, he said.

Alevo’s 40-foot GridBank systems can be charged in about 30 minutes and the batteries can be charged and discharged more than 40,000 times, Eikeland said. Alevo is working with China-ZK International Energy Investment Co. to sell its systems in China and to build a manufacturing plant there. The company has similar sales and leasing agreements with companies in Turkey.

Alevo is one of several companies   ;D seeking to establish a foothold in energy-storage. The electric car manufacturer Tesla Motors Inc. is building a $5 billion plant in Nevada with Panasonic Corp. The facility, which has been called the Gigafactory will produce batteries for its vehicles.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Steven Frank

http://www.bloomberg.com/news/2014-10-27/alevo-planning-battery-plant-in-former-cigarette-factory.html


Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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