Businessweek reported bankrupt A123 (NASDAQ:AONE) is set to be purchased by automotive part maker, Johnson Controls Inc. (NYSE:JCI).
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With lithium ion batteries as stationary energy storage for the power grid emerging rapidly as a growing market, manufacturers may be challenged with the prospects of redistributing capital from the potential of electric vehicle battery manufacturing to grid oriented energy solutions.
More than four decades following the conception of Earth Day, international interest in alternative energy sources has become a strong focus of social, political and commercial enterprise. It is not just a matter of coincidence that a significant number of electric vehicle and lithium battery technology conferences have been scheduled at this time of year.
China, Korea and Japan are continuing to generate headline news with projects involved in lithium mining and the downstream development of lithium-ion battery technology.
From Australia to Japan to the US, major partnerships and strategic collaborations appear to be catalyzing strong marketing and technological bench strength to drive activity within the lithium field.