EnerDel to invest $237M in Indiana lithium-ion battery plant

[wpsedgwick]

Source: Green Technology Daily

Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications.

Backed by a mix of private funds and public incentives, the new facilities will more than double EnerDel’s U.S. production capacity and create 1,400 new jobs.

The announcement came during a special unveiling at the EnerDel facility of the new EnerDel powered C30 electric vehicle platform for Volvo Cars, the best selling platform within Volvo.

Read more: http://www.greentechnologydaily.com/investments/616-enerdel-to-invest-237m-in-indiana-lithium-ion-battery-plant

[The Wizard]

1. It's the wave of future energy needs

Electric power storage can be used to power cars without fossil fuels.
We could be much more energy independent with people commuting to work and making local trips with an electric commuter car that could travel 100 miles on a charge.
Our military footprint could shrink radically without having to worry about oil from the middle east.
This will help save lives, money and the environment. Our resources should be spent developing alternative energy, not securing oil resources around the globe.