The Full Wiki

More info on A123 Systems

A123 Systems: Wikis

Advertisements

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

(Redirected to A123Systems article)

From Wikipedia, the free encyclopedia

A123Systems (Nasdaq AONE)[1] is a supplier of high-power Lithium-Ion (lithium iron phosphate) batteries. The company has 1,800 employees and is headquartered in Watertown, Massachusetts.[2]

Founded in 2001 by Dr. Yet-Ming Chiang, Dr. Bart Riley, VP of Research and Development and Ric Fulop, VP of Business Development and Marketing, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.

Major shareholders in the publicly traded company include General Electric, Alliance Bernstein, Sequoia Capital, North Bridge Venture Partners, CMEA Ventures, FA Technology Ventures, OnPoint, the Massachusetts Institute of Technology, Motorola, Qualcomm, and Procter & Gamble, through its Duracell division.

In 2009, the company was included on the Guardian's "Global Cleantech 100" list.[2]

Contents

History

President Bush with Dave Vieau, A123Systems CEO at the White House, examining a Prius converted to plug-in hybrid with Hymotion technology.

In November 2005, A123Systems announced a new higher power, faster recharging lithium ion battery system[3] based on doped nanophosphate materials licensed from MIT.

The company mass produces a variety of cells being used in DeWalt power tools, aviation engine start, hybrid buses, hybrid vehicles, EV's and PHEV conversions.

In December 2006, A123Systems was awarded a $15 million development contract by the United States Advanced Battery Consortium (USABC), an organization composed of DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation. USABC awarded the contract in collaboration with the U.S. Department of Energy (DOE) to optimize the A123Systems proprietary doped Nanophosphate battery technology for hybrid electric vehicle applications with a focus on systems that are high-power, abuse-tolerant, long lasting and cost effective.

On February 26 2007, President of A123Systems David Vieau met with President George W. Bush and Energy Secretary Samuel Bodman at the White House to inspect a Battery Range Extender Module that can be easily installed in the spare tire well of most hybrid vehicles. This would enable current production models to become plug-in hybrids capable of achieving 150 or more miles per gallon and optionally replace the discharged battery in the module, instead of recharging it, to extend the range.

On May 2007, BAE Systems announced that, starting in 2008, it will offer A123Systems' lithium ion battery technology as part of its HybriDrive Propulsion System used in the 2008 version of the Daimler Orion VII hybrid electric buses.

On August 2007, General Motors announced plans to co-develop lithium-ion battery cells for the Chevrolet Volt with A123Systems.

On March 5, 2008, General Electric, A123 Systems and Think Global announced that Think, GE and A123 had entered a partnership to enable global electrification of transportation. GE invested USD 4 million in Think and USD 20 million in A123 Systems to help A123 roll out batteries for Think. A123 Systems and Think at the same time signed a commercial supply agreement. The partnership was announced at the 78th annual international Motor Show in Geneva. [4] [5] [6]

On August 2008, the Company filed a registration statement for a proposed initial public offering with the Securities and Exchange Commission.

On January 2009, announced that it has submitted an application under the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program (ATVMLP) to qualify for US $1.84 billion in direct loans to support the construction of new lithium ion battery manufacturing facilities in the United States, with the first construction location in southeast Michigan [7].

In April 2009, Chrysler LLC announced a contract with A123 to supply batteries to their Envi (automobile) batteries[8].

The company won a $250 million federal government grant to build that production facility in Michigan near Detroit.

The company went public on the NASDAQ stock exchange with the symbol AONE on Wednesday, September 23, 2009 with an offering priced at $13.50 per share and raised $380 million. [9]

Uses

There are a number of companies using A123Systems high power batteries including:

Advertisements

Power Tools

Black & Decker used A123 systems batteries in its VPX product line,[10] and in the line of battery-powered power tools in their DeWalt line.

Vehicles

A123Systems cells have garnered considerable interest in the automotive market due to their unique combination of power, safety and life.[11]. Several automakers and heavy duty vehicle manufacturers are developing vehicles using A123Systems cells.

  • Killacycle, the worlds quickest EV capable of accelerating from 0-100km/h (0-60MPH) in less than 1 second.

See also

References

  1. ^ http://evworld.com/currents.cfm?jid=23
  2. ^ a b Global Cleantech 100 The Guardian, 8 September, 2009.
  3. ^ Green Car Congress: A123Systems Launches New Higher-Power, Faster Recharging Li-Ion Battery Systems
  4. ^ GE press release [1]
  5. ^ Think press release [2]
  6. ^ A123 Systems press release [3]
  7. ^ http://www.renewableenergyworld.com/rea/news/story?id=54461
  8. ^ http://www.autobloggreen.com/2009/04/06/chrysler-to-use-a123-cells-in-its-electric-vehicles/
  9. ^ http://money.cnn.com/2009/09/24/news/companies/a123_ipo/index.htm
  10. ^ http://www.technologyreview.com/read_article.aspx?id=20570&ch=specialsections&sc=batteries&pg=3
  11. ^ http://liionbms.com/php/cells.php#a123

External links


Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message