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  • omg
    8 Jul 2013, 09:37 AM Reply Like
  • dva
    8 Jul 2013, 09:39 AM Reply Like
  • are my lips moving?


    any sound coming out?


    are we there yet ?
    8 Jul 2013, 09:45 AM Reply Like
  • Axion Power Receives Additional Purchase Order From ePower Engine Systems to Supply PbC® Batteries and Battery Management Systems For Class 8 Heavy-Duty Trucks
    (just re-posting link for those that skip the APH blog post habitually :)


    I'm pleased to see ePower making progress (no matter how small in absolute terms). Success stories like ePower will be crucial to persuade further purchasers down the line.
    8 Jul 2013, 09:50 AM Reply Like
  • Acorns grow into Oak trees.
    8 Jul 2013, 09:55 AM Reply Like
  • ?
    8 Jul 2013, 09:57 AM Reply Like
  • Small beginnings.
    8 Jul 2013, 10:14 AM Reply Like
  • Remember that the mighty Oak was once a nut like thee...


    Edit: No wait that wasn't it....
    8 Jul 2013, 04:03 PM Reply Like
  • The ePower news seems to have been good for a 10% pop in price. Now if DOE will be kind enough to announce a grant award later this week, maybe we can get back above .20.
    8 Jul 2013, 10:45 AM Reply Like
  • $ 0.33 will keep the financiers at bay and encourage them to make nice.


    Not sure about that number as an accurate target, but feel safe there. HTL would know......


    Where's HTL when you need 'im ? ? ?
    8 Jul 2013, 11:06 AM Reply Like
  • 35 cents is my guess, just using previous round of finaning #s before fees.
    8 Jul 2013, 11:08 AM Reply Like
  • Above .31 the PIPE investors can get their shares for .26 which means they get more than the 15% they otherwise get when the price is below that. At least I think that is how it works.
    8 Jul 2013, 11:12 AM Reply Like
  • seems good... 31 or higher please.
    8 Jul 2013, 11:15 AM Reply Like
  • The variable conversion price formula will kick in whenever the 20 lowest VWAP's in any 40-trading day period average less than $.3106. I tend to think that prices in the low 30s will still leave the financiers some incentive to try and run the price up and down. Stability in the mid-30s or above will strip the incentive to play games and give birth to a new incentive to drive the price up.
    8 Jul 2013, 11:15 AM Reply Like
  • VW: Frying other fish too ...


    But, if this doesn't break the trend, it tells what the folks are doing. IIRC, the continuation of the trend that I posted in a response would have us at $0.117 already. So at least that trend broke.


    Will the financiers let it sty broken for a while as some have speculated?


    8 Jul 2013, 11:24 AM Reply Like
  • VW: Correction: The $0.117(actually $0.1174) was a projected 85% price for 7/5 if the price trend continued (just happened to look at that chart again and said "Oops!"). The projected price using the average percentage decline from 6/4-6/26 was projected forward to get there.


    On 7/5 our price range was $0.15-$0.1599, so it's still correct that the trend was broken.


    Apoplectic apologies for the bad answer!


    8 Jul 2013, 04:38 PM Reply Like
  • Is the DOE announcement slated for this week?
    8 Jul 2013, 11:23 AM Reply Like
  • The DOE's website shows an "Early July 2013" Award Notification date at the bottom of this page –


    It's enough to leave me hopeful that this will be the week.
    8 Jul 2013, 11:30 AM Reply Like
  • i figured within 14 days into july we'd know.
    8 Jul 2013, 11:31 AM Reply Like
  • Since Friday is the last business day before the 15th, it seems like a pretty safe speculation.
    8 Jul 2013, 11:38 AM Reply Like
  • lol, i do think AXPW got it just based on timing of finance.
    8 Jul 2013, 11:42 AM Reply Like
  • I always add at least 30 days to any government schedule date.
    8 Jul 2013, 11:43 AM Reply Like
  • I like the 50/50 odds that are part and parcel of the SBIR Phase II award process, but the important thing for me will be the identification of another first tier development partner if the DOE finally comes through.
    8 Jul 2013, 11:46 AM Reply Like
  • these award notifications are timely on the whole.
    8 Jul 2013, 11:53 AM Reply Like
  • Article about GM using SS on the 2014 Malibu with a 2 battery setup. No details about the second battery but, based off of the timing, I'm assuming it won't be a PbC.


    "The Malibu’s stop-start consists mainly of a beefed-up starter and a small auxiliary battery in the trunk. The extra battery is there so drivers won’t notice a momentary dimming of lights or slowing of the air-conditioning fan when the engine stops and starts."

    8 Jul 2013, 11:39 AM Reply Like
  • HTL,


    If I were they I'd let the retail market have its way for a week or so. Playing chicken this week trying to keep it broke could start a small fire they don't want to be forced to extinguish. That could be very quick pain for them and in theory of course could draw serious blood of their own.


    Much better to let things settle down after any news this week. I think they were surprised at the interest of the little fish (you may have been frying) in this game. I think this goes back to JP's point on 248, that given a little bit of encouragement, we little minnows still have the energy to jump up and snatch a fly. And if there is big news (which could in fact happen at any time) we will become downright giddy. And we won't be sellin' nuttin'.


    Methinks the tuna are resting outside the school until they feel more confident to slash again at the knot of baitfish. In the meanwhile some of us chum just might re-engage in the bloodsport of buying them as they feel forced to sell. ( to use JP's term )


    And don't blame me. This was the analogy you introduced. :>)
    8 Jul 2013, 11:47 AM Reply Like
  • JP


    Am I remembering correctly that you were planning to go visit with ePower this week??
    8 Jul 2013, 11:55 AM Reply Like
  • It will probably keep me out of pocket for a couple days.
    8 Jul 2013, 12:15 PM Reply Like
  • JP


    Have a safe and enjoyable journey.
    8 Jul 2013, 12:48 PM Reply Like
  • With the heavy selling into this news, and the NBUs (New Big Uglies) stacked up on the offer as usual, early indications are they are not doing the yo-yo.


    Too early to say if they will do the ut-oh instead, though.
    8 Jul 2013, 01:57 PM Reply Like
  • Weather you get to buy AXPW at .17 or have to pay significantly more depends on if you believe the market is demonstrating now that this battery is the answer to their future or weather you wait for even bigger news that verifies what you already know. At seventeen cents, I’m buying from someone who is afraid to be a part of the beginning of the success that a decade of research has proven.
    8 Jul 2013, 02:04 PM Reply Like
  • kevin. I'm glad you think .17 is a good buy point. Personally, I'm pretty sure we'll see .10 at some point this year with all the selling pressure resulting from the financing. Any significant potential sales are just too far off.
    8 Jul 2013, 02:38 PM Reply Like
  • Yawn !
    560 batteries
    Looks like the market could care less, a whole 1c
    That means BMW would need to order about 5.6 million to get us to $1.60
    8 Jul 2013, 02:08 PM Reply Like
  • Johhny,
    a Jolly And Charismatic Kind Of Fine Fellow like yourself; I'm surprised you are so negative about Axion's prospects. Please don't include me in your "us".
    8 Jul 2013, 03:11 PM Reply Like
  • Since you told us that you sold I would think of you as a them and not an us.
    8 Jul 2013, 03:17 PM Reply Like
  • JR, 7-UP, the old recipe, just in time for you. Take some back to the Yadoodle board on your way back. Take your time giving us an update on how it worked for ya.


    Lithium Reduces Risk of Suicide in People With Mood Disorders, Review Finds



    PS Save some for Tesla. Ration it.
    8 Jul 2013, 04:10 PM Reply Like
  • Since the board is pretty quiet and I know everybody loves electric stufff.
    New electric scooter. Wonder if this fits John's 70% weight ratio. John, what was the calc that you use? Personally, I think it looks awesome.


    8 Jul 2013, 04:16 PM Reply Like
  • It clearly satisfies the Ford requirement that unladen weight should not exceed 70% of laden weight. And with those really fat tires it looks like a Bat-cycle for the geriatric crowd.
    8 Jul 2013, 04:31 PM Reply Like
  • Careful, JP.


    I really like this thing. Wonder about forecast cost. :>)


    Does that make me old?


    8 Jul 2013, 05:12 PM Reply Like
  • I like it too and IIRC you've got a couple years on me. Unfortunately I don't live in an area where I could avoid getting crushed by traffic on day one.
    8 Jul 2013, 05:26 PM Reply Like
  • Looks ideal for a Chinese knockoff called the Humdinger ;-)


    Has that "geriatric" sound to it.
    8 Jul 2013, 05:17 PM Reply Like
  • SiHB, I guess if you like knock offs you might just like the Wuxi Angell, Harl-E. For those days when you feel like dressing up like PEE Wee Herman and going down to the local bikers watering hole and makin em jealous.


    The flames definitely make this E-scooter.



    PS Sorry to be such a tease. They discontinued the model. Too "way cool" I guess?
    8 Jul 2013, 05:41 PM Reply Like
  • >JP ... Might ePower Engine Systems start to take reservations anytime in the near future? Beginning or middle of next year?


    Maybe we could replicate the "Automaker That Can Not Be Named" sort of stock action. After all the price is fairly close and the customer may actually be close to 1 million instead of the anticipated/estimated million.
    8 Jul 2013, 06:04 PM Reply Like
  • It's an interesting idea DRich. Something tells me that demand will ramp faster than production capacity.
    8 Jul 2013, 07:08 PM Reply Like
  • Do you think we can out do Tesla's reservation numbers?
    8 Jul 2013, 07:21 PM Reply Like
  • >JP ... When a company doesn't have a lot of production or earnings to show, the next best thing to add value and improve a negotiating position for supplier pricing is forward visibility. It would make for a good reason for a PR blurb on somewhat regular basis. Trucking news & Mr. Market love little tidbits. It certainly wouldn't hurt Axion, but, even with permission, I can't imagine Axion doing it.
    8 Jul 2013, 07:23 PM Reply Like
  • John, I would think, if I recall you mentioned it before, that given many fleet owners do their own overhauls that this one would not be much more difficult than a rebuilt engine swap.. Maybe with each order of x kits you get to do the first one at ePower and then you can do the balance at your own shop? Complete with a step by step and a video of the one you did together. The customer techs can request footage of each pertinent point during the initial build to review as a refresher. It's their business model anyway I think.


    Good way to develop a top notch instruction manual for the conversion. Don't have a good feel though for how many different rig manufacturers they would wish to target though and they would all be somewhat unique.


    Or do you train mechanics that do this at the customers site? Maybe one of the guys that post here that have spent time in the industry have some ideas?
    8 Jul 2013, 07:28 PM Reply Like
  • JP, is my understanding correct that ePower wants to "license" their patents and technology out to other servicers who would do the retrofits? And that terms of the licensing would include an ABSOLUTE requirement they use PbC batteries? If so, I would think demand could indeed ramp up faster than many of us are currently anticipating. I can easily see how it could become an economic necessity for trucking companies to keep up with their competitors with vastly lower diesel fuel costs.
    8 Jul 2013, 07:29 PM Reply Like
  • It certainly wouldn't hurt ePower to start building a back order book at some point in the not too distant future.


    ePower ultimately wants to be a drop-shipper of complete retrofit kits to authorized installers. While it will do the initial retrofit work in its shop, the only effective way to ramp the solution without immense amounts of financing is to get a system down and then start bringing in installation crews for hands on training that they take back to their own shops.


    Patent licensing is not part of the plan because once you license a patent, you give the licensee the power to make his own component decisions and that's a great way to quickly torch a good reputation.
    8 Jul 2013, 07:54 PM Reply Like
  • >WayneinOregon ... If the system was designed for PbC batteries then there is no reason to make it an ABSOLUTE requirement because nothing else will work. It's possible that a Li-on or other chemistry will come along that will do the job but I doubt it will compete on price. Then there is the design of another BMS, possibly a cooling system and certainly new software & electronics to run the whole shebang.


    The biggest risk the truckers face would be Axion or the PbC not being there the next time they need a battery. I'll let others try to figure that one out.
    8 Jul 2013, 07:59 PM Reply Like
  • IIndelco
    I'm not the one with much experience here, but when you are teaching someone to do things hands on, you want them in your shop. I've known a few speakers and hands on stuff requires you to bring everything, or it won't be there. (A lot of tools for ePower to move.)
    You will have the prevaring famubator that everyone knows you need.
    Also people are twitchy about loaning out their tools.
    You want them to see exactly what you want them to see and you often can't do that in somebody else's shop.


    In the case of needing to help with a specific problem that would be different.
    In the case of showing the bosses and people with the need for a theoretical knowledge, going to them is likely the way to go.
    Nuts and bolts they come to you.
    8 Jul 2013, 08:05 PM Reply Like
  • JP,


    Can we assume then that the next 10 truck builds could possibly be assisted with potential customers in house mechanics that are in training with ePower? Could one then assume that a possible 5 to 10 outside potential retrofit companies could have authorized retrofit technicians on staff and ready to buy retro kits?
    8 Jul 2013, 09:55 PM Reply Like
  • In other words, let's daydream Axion copies Tesla's actions, while we continue criticizing Tesla's moves at every turn.


    BTW, should that be the path to be introduced in a major index?
    9 Jul 2013, 03:38 AM Reply Like
  • RBrun357> I don't expect ePower to start training outsiders until it gets the retrofit down to a defined process that flows smoothly end to end. While I suppose it's possible that outsiders might be in ePower's shop learning before the first 10 retrofits are completed, I tend to believe that's probably a 2014 event.
    9 Jul 2013, 06:55 AM Reply Like
  • Axion can never copy Tesla's actions because the PbC is not a direct to consumer product and probably never will be. Just for the sake of clarity, I don't generally criticize Tesla's actions because I think their execution has been brilliant. My criticisms all relate to the value the market attributes to those actions. It will be fascinating to see how long Tesla survives in the NASDAQ 100.
    9 Jul 2013, 07:00 AM Reply Like
  • I know John, I'm just teasing. Actually, I plan to dump my last TSLA calls into those dreamer's hands this week, or next Tuesday at the latest. Then I will fortify a bit my puts position for August and September.
    9 Jul 2013, 07:05 AM Reply Like
  • There's a pretty good chance you'll see another spike because of the NASDAQ 100 inclusion, so I wouldn't be in too big a hurry to move out of your position. Just be sure you're gone before the earnings release because nobody seems to grasp the impact of even a 20% take rate on Tesla financing, much less the higher financing take rates I keep hearing about.
    9 Jul 2013, 07:46 AM Reply Like
  • So are you suggesting reservations for:


    1) heavy truck modifications ?




    2) an e-Power electric scooter?


    the geriatric crowd wants to be kept informed. :>)
    9 Jul 2013, 07:55 AM Reply Like
  • 2) an e-Power electric scooter?


    the geriatric crowd wants to be kept informed. :>)


    As well as mobile! ;-))


    9 Jul 2013, 08:02 AM Reply Like
  • Thanks John. I know there might be a spike, especially that the short interest went up recently and we are already $30 higher than when they started accumulating again.


    Some time ago I exchanged my Jan 14 calls to Jul 13 calls so I could get the time premium in cash and render them more liquid for frequent trading (I thought that by this time the craziness will be over and we will be back below $70). I have kept rolling those up and cashing out the spreads and also trimming the total position (# of calls) from time to time.


    So they expire next Friday. I wanted to sell everything during the first half of this week, but now with the news that take effect only next Monday, I will probably choose to roll them up instead (sell $5 call spreads for a hair below $4) to remain exposed to some extra upside. Those calls have already paid their initial price more than 20x - 40x (cashed out) and by rolling them up I reduce risk periodically. Even if I lose the last step, it will not affect the global picture of the situation at all.


    No extra $ will go into upside bets in the short term.
    9 Jul 2013, 08:11 AM Reply Like
  • 07/08/2013: EOD stuff partially copied from instablog (up later).
    # Trds: 132, MinTrSz: 166, MaxTrSz: 30000, Vol 783838, AvTrSz: 5938
    Min. Pr: 0.1512, Max Pr: 0.1750, VW Avg. Tr. Pr: 0.1625
    # Buys, Shares: 80 424757, VW Avg Buy Pr: 0.1646
    # Sells, Shares: 47 318731, VW Avg Sell Pr: 0.1602
    # Unkn, Shares: 5 40350, VW Avg Unk. Pr: 0.1594
    Buy:Sell 1.33:1 (54.2%), DlyShts 215109 (27.44%), Dly Sht % of 'sells' 67.49%


    Week end & this week's daily estimated values (older dailys in prior EOD posts) for next share issue:
    06/14: 85% x avg. of 20 lowest intra-day VWAPs, $0.2315, in 40 days: $0.1968 Wk cls VWAP $0.2122
    06/21: 85% x avg. of 20 lowest intra-day VWAPs, $0.2176, in 40 days: $0.1850 Wk cls VWAP $0.1751
    06/28: 85% x avg. of 20 lowest intra-day VWAPs, $0.1956, in 40 days: $0.1663 Wk cls VWAP $0.1474
    07/05: 85% x avg. of 20 lowest intra-day VWAPs, $0.1805, in 40 days: $0.1534 Wk cls VWAP $0.1518
    07/08: 85% x avg. of 20 lowest intra-day VWAPs, $0.1768, in 40 days: $0.1503


    Vol, in K (for above wks/days): 4,356, 1,934, 3910, 445, 324, 286, holiday, 1,217, 784.


    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: 42.3%, 29.3%, 1.8%, 5.6%, 3.3%, 2.2%
    5-day change: -3.9%, 237.2%, 30.1%, 115.4%, 67.5%, 33.2%
    5-day rate of change change: -71.8%, 388.8%, 34.4%, -61.8%, 6.9%, -84.1%


    On my newer inflection point calculations, for those same periods:
    1-day change: 65.0%, 52.6%, 26.8%, 48.2%, 30.8%, 61.3%
    5-day change: -13.4%, 48.0%, 55.9%, 19.0%, 32.9%, 22.7%
    5-day rate of change change: -75.7%, -34.8%, -37.0%, -50.9%, -44.4%, -51.3%


    Well, the news of PbCs being order for 10 trucks helped, but there was no sign that the financiers were interested in letting price run up. *If* it was them that sold into this attempted push up. Some context:
    $0.1512-$0.1549: 064841 shares, 08.27% of vol, VWAP $0.1534, b:s 1:3.52, 22.1% buys
    $0.1550-$0.1581: 157259 shares, 20.06% of vol, VWAP $0.1563, b:s 2.44:1, 68.7% buys
    $0.1600-$0.1640: 217350 shares, 27.73% of vol, VWAP $0.1606, b:s 1:3.52, 18.5% buys
    $0.1650-$0.1699: 261590 shares, 33.37% of vol, VWAP $0.1674, b:s 2.18:1, 68.6% buys
    $0.1700-$0.1750: 082798 shares, 10.56% of vol, VWAP $0.1712, 100% buys


    Then we can see how the usual behavior kicks in (late-day weakness) ...
    09:30-09:30: 037350 shares, 04.77% of vol, VWAP $0.1550, 100.0% buys
    09:30-09:32: 052698 shares, 06.72% of vol, VWAP $0.1719, 100.0% buys
    09:38-09:58: 074500 shares, 09.50% of vol, VWAP $0.1676, 76.9% buys
    10:06-10:47: 097190 shares, 12.40% of vol, VWAP $0.1680, 58.9% buys
    11:08-11:35: 085000 shares, 10.84% of vol, VWAP $0.1681, 88.2% buys
    11:40-12:52: 134750 shares, 17.19% of vol, VWAP $0.1620, 19.3% buys
    12:54-13:26: 117600 shares, 15.00% of vol, VWAP $0.1604, 29.1% buys
    13:27-14:03: 082859 shares, 10.57% of vol, VWAP $0.1567, 48.1% buys
    14:12-14:52: 040025 shares, 05.11% of vol, VWAP $0.1540, 49.2% buys
    14:53-15:53: 061866 shares, 07.89% of vol, VWAP $0.1551, 41.1% buys


    We held up pretty well for quite a while even after ARCA started contesting the “me first” position on the ask, around 10:45. Then, over time, CDEL, NITE, ATDF and even PERT started jostling for position. The buyers were quick to recognize the behavior and shortly after 10:45, bids started going down.


    Details of “Dly Sht % of 'sells'” and inflection points omitted here.


    8 Jul 2013, 06:44 PM Reply Like
  • HTL,


    would you surmise that retail (small) was excited by the 10-truck news with early open price rise?


    And did the stronger hands just go ahead and let them (us) have it then buy it back in the p.m. ?


    Looking at my price/volume charts as the day went by I began to wonder if it was we, the baitfish, who were cycling in and out. I really don't want to make it easier for them.
    9 Jul 2013, 08:11 AM Reply Like
  • Valleywood: Yes, I think early trade was retail. I don't think the same shares were bought back - my thinking is that folks that are *investors* were waiting for a little news that says "Yes, things are coming together" and likely are not too concerned about few pennies price difference over the near-term.


    I've said for a long time that I believe some of the more well-capitalized MMs (CDEL, NITE, ATDF, ...) were taking short-term long positions (evidenced, IMO, by the fact of several months of exceedingly short sales percentage when ATDF dominated the top of the stack on each side, before ARCA et al became more active) for fun and profit. Being able to both legally *naked* short (when prices are high and they may not have shares in their portfolio) and be long as desired (shares backing received sell orders flow in) gives them a lot of influence over what happens.


    My take on this is disputed though.


    Anyway, the late-day weakness has been a long-standing trait observed ever since ATDF began to dominate and I. and some others, believe that former long investors have been exiting (in droves?).


    This is an ideal situation for MMs, who I believe have a better view of the market (they can see *at least* further into their own order book) to take advantage. They also have computer algorithms to help.


    I also suspect that some participants here are much more active traders than we know and lots that don't participate here as well are active traders.


    We are "chum" for the "sharks" only if we have a short-term view, IMO.


    The situation is exacerbated, IMO, by the presence of the financiers who, AFAICT, have *no* incentive to support price at this time. In fact, I think it's the opposite.


    Do keep in mind that my opinions are just that - nothing can be proven. Opinions are supported only by long digging into the mechanics of how things work and long tracking of data and then trying to turn that into "knowledge" by applying inference and deduction. Iffy at best.


    9 Jul 2013, 08:46 AM Reply Like
  • On the DOE - a win is what we want - but in the event we are not selected - will we know who the AXPW partner has been?


    Personally - I am as interested in that as anything on the news front right now


    JP or anyone - what thoughts might you have on the legal requirements on the timing of calling and holding an annual meeting. Assume it must be held in 2013 - but is there an earlier deadline management faces?


    Thank you - feeling like a few pieces may start to fall into place that will pop us to the magic $0.31. But then what good are feelings in the market
    8 Jul 2013, 07:15 PM Reply Like
  • >dimca ... The simple answer is ... NO. The last time the identity of GMC was discovered by a Freedom of Information Act request by one of the Axionistas. Who it was, I forget at the moment ... but a Thank-you again is warranted.
    8 Jul 2013, 07:30 PM Reply Like
  • Brishwain is the Axionista who did the FOIA request that uncovered the GM link. More recently Stefan Moroney has been our most active FOIA filer. If Axion does not get the SBIR Phase II Award, I'd be willing to bet that Stefan will do another FOIA request in short order.


    Companies like Axion have a lot of flexibility when it comes to the timing of their annual meeting. Axion has typically held its meeting in mid-summer, but we may be facing a situation where management wants to have a couple milestones visible in the rear-view mirror before getting a bunch of stockholders together in the same place and at the same time.
    8 Jul 2013, 08:01 PM Reply Like
  • Dlmca: Did you ever read the SA PM I sent you?


    8 Jul 2013, 08:27 PM Reply Like
  • JP: I mve we take up a collection for a chain-mail(sp?) suit of armor for TG before the AGM.


    P.S. With wires attached already.
    8 Jul 2013, 08:29 PM Reply Like
  • I filed a foia awhile back and they told me to file it again at the beginning of July. The new foia was filed last week.
    8 Jul 2013, 10:54 PM Reply Like
  • Hi everybody.


    Another question. Does Maxim's bid at $.11 mean that they would try to support the price and not let it reach $.10?
    8 Jul 2013, 08:18 PM Reply Like
  • Yoyomama, No it means nothing.


    It's just them showing they are in the market at a price that will most likely not be hit for some period of time. If it comes they will most likely step out of the way.
    9 Jul 2013, 12:44 AM Reply Like
  • Sinopoly Battery (CAOHF) OTC


    Well known Chinese company, Sinopoly Battery (previously Thunder Sky Battery and for some time paralleled with Winston Battery), was providing LiFePO4 cells for customers who wanted to convert their cars to electric in Europe and in the US.


    Revenues Net losses
    FY2011 -- --$9.7M ----$361M
    FY2012-- --$7.7M -- --$57.0M
    FY2013 -- --$6.9M -- --$41.6M


    I got the numbers from insideevs. The Financial report is the second link but is in HK$ and only had 2012+13

    8 Jul 2013, 08:29 PM Reply Like
  • The Zero-Emissions Electric Vehicle Alone Can’t Solve the World’s CO2 Emissions Problem


    "As DeCicco says, on average, electric vehicles emit half the CO2 of conventional automobiles. That’s good, says DeCicco, but it’s not enough to really clean up the world’s CO2 problem.


    DeCicco explains that two-thirds of the CO2 being released into our atmosphere comes from factories, oil refineries and power plants and so on. What he’s saying is that 66% of CO2 emissions definitely don’t come from automobiles.


    So, why spend so much money to clean up the automobile? Well, as DeCicco says, it’s not worth it to have federal government and automakers dish out billions on electric vehicle when the root issue with CO2 emissions lies elsewhere. Quoting DeCicco:


    “It’s the cost that is more the issue – because you are reducing CO2 but at an enormously high cost relative to other things you could be doing. Even if we’re no longer producing the CO2 at the tailpipe, we’re still producing lots of CO2 somewhere else.”


    DeCicco would rather that money be directed towards power plants, which he says have no federal mandate requiring reduced carbon emissions. He further says that the amount of money directed towards electric vehicles would have a substantially bigger impact on CO2 emissions if it went to refineries and power plants."


    Not to mention those dirty power plants are emitting airborne Lead Mercury, Arsenic, Cadmium, etc.
    8 Jul 2013, 08:35 PM Reply Like
  • One-third of CO2 emissions still amounts to 10 Billion tons per year. Sounds worth worrying about to me. Even a 10% reductions would keep a billion tons of the stuff out of the atmoshphere.
    9 Jul 2013, 11:37 AM Reply Like
  • Do you honestly believe that?


    We have one planet and one atmosphere. Fuel that is not consumed in your vehicle or mine will almost certainly be consumed in some other country where there isn't enough fuel to go around. Either way the fuel gets burned and the CO2 ends up in the atmosphere.


    Until somebody comes up with a plan that reduces aggregate global CO2 emissions, it will all be re-arranging the deck chairs on the Titanic.
    9 Jul 2013, 11:44 AM Reply Like
  • Always good to pull out the old charts.


    First for those that want to feel good. US coal consumption.



    Err. World coal consumption by year.



    And to John's point. China. Whew it's gettin' warm out there!

    9 Jul 2013, 11:58 AM Reply Like
  • JP, if what you say is true, then mankind doomed. Fortunately, it is the rate of emission that is more important to the problem, not the fact that gas not used today by me will be used by someone else eventually. If I drive my car 10 miles using a technology that reduces my emission by 10%, then I have incrementally reduced the rate of emission because I would have driven those 10 miles in any case.
    9 Jul 2013, 11:58 AM Reply Like
  • It's definitely a global governance issue...


    So much of the opposition against regulations/taxes efforting emissions reductions is rooted in corporate competition (e.g. "we'll be less competitive than peers in China, EU, whatever") ... thus necessitating global concerted action if we're actually going to tackle anything. Ideally, companies would (begin to) compete on their technical or comparative advantages rather than how willing the regime within which they are domiciled is willing to let them externalize costs to society/environment through lax environmental regulations.
    9 Jul 2013, 12:03 PM Reply Like
  • And that is where Conservation comes in. The world will never not burn the energy available. It can be slowed. The way to do that is to make people aware by putting something in their life that drives the point home by saving them money ... now, today. Things won't change until there is popular support for it and that requires something tangible. Autos & trucks are a great place to start.


    Electric cars are a great first step but they need to be hybrids of all flavors and not Battery Only. BEV's are so wrong on so many levels but the biggest is that of numbers of units in the hands of the worlds driving population. The numbers will always be small. The other truth is that the world can't (isn't) build(ing) enough batteries for 25+ million vehicles a year along with other uses batteries already have. Reading about the wonders of BEV or seeing one pass by once in awhile will not change attitudes.


    I'm a Global Warming believer because the decades of science supports it. But whether you believe or don't the point is Resource Conservation & Usage Innovation are badly needed and needed quickly. Besides we need new industry. Selling, scaring, the World on growing amounts of an invisible gas is tough to near impossible. Transportation is a good place to start. Win that battle with micro-economic dollars in peoples pocket and the rest of the macro-economic solutions might just follow.
    9 Jul 2013, 12:31 PM Reply Like
  • carbon is just so efficient and making vehicles that get more out of the cheapest/most efficient store of energy will still make sense well into the future.
    9 Jul 2013, 01:02 PM Reply Like
  • I second the motion for conservation. But have seen little effort in implementation.
    Well stated DRich
    9 Jul 2013, 01:10 PM Reply Like
  • During my life the number of human beings on the planet has almost tripled. It will probably triple again during my new granddaughter's life. Unfortunately the rate of fuel use is directly linked to population growth and a consumer in a developing country who has to choose between creating a little more CO2 or freezing in the dark will choose the incremental emissions every time.


    Our problem isn't the fuel, its the human beings that consume the fuel.


    The worst case outcome from global warming will be climate change that leads to a sharp reduction in the world's population. Mother Nature will do what she's always done when systems get too far out of balance. That's just the way things work.


    The reality is we're already screwed and the belief that government policy or individual ideology can change anything is the epitome of arrogance. As DRich suggests, Conservation can help a little and maybe even push the reckoning day back a little, but that day is coming whether we like it or not.
    9 Jul 2013, 01:11 PM Reply Like
  • War, Famine, And Disease-


    The three ways populations are naturally kept under control.
    With technology enhanced medical practices and genetically enhanced crops helping to solve two of the issues, I'm afraid how human nature will control population the third way.
    9 Jul 2013, 01:36 PM Reply Like
  • I'm also big on conservation as any time you can get the same thing or more for less it's a good thing. But it does need to come via rational plans and social/individual affordability.


    I'm also a fatalist.. All comes down to human nature and the fact that more humans will just add to the pressures. We can as a world control population via some best practice hard choices or uncontrolled events will take over. Controlled processes always yield a more favorable outcome.


    I sure don't have the solutions but the biggest problem is clear as day. We are mold on bread and the baker has retired. More complex than that but not really.
    9 Jul 2013, 01:49 PM Reply Like
  • "Controlled processes always yield a more favorable outcome"


    Hence, one of the stronger arguments for centralized planning and reduction of freedoms. The issue becomes who tells who what they can and can't do and ... are they *really* smarter than us?


    This would also argue that "free markets", if we ever really had one, are not the best way to conduct transactions.


    Slopes that are slippery beyond belief.


    9 Jul 2013, 01:55 PM Reply Like
  • HTL, Some hard choices to make.


    Again, I don't have the answers but right or wrong "solutions" will be implemented. Snowden be damned, fly the drones etc. "We're just developing the tech. to look for lost children!"
    9 Jul 2013, 02:16 PM Reply Like
  • Futurist, I have to offer that I think you give medicine too much credit. The flu is coming we cannot get in front of.
    Or bacterial impudence against our antibiotics.
    Or a mosquito carried virus.
    It's coming.


    And if you think attitudes here are bad, go overseas anyplace not named Europe. Those folks wanna "catch up" and they're in a hurry to do it.


    If you're under 40 invest in water.


    Genetically enhanced crops BTW are killing off our honey bees. Just wait for that to get critical and we can add famine back in the mix.


    Of course, I've been a "Mother Earth News" & "Organic Gardening" reader/ advocate since 1973. So I know I'm nuts. :>)
    9 Jul 2013, 03:35 PM Reply Like
  • "it will all be re-arranging the deck chairs on the Titanic."


    I love it! I'm gonna use that one some time. John, where do you get such magnificent prose?
    9 Jul 2013, 03:40 PM Reply Like
  • I've been hearing that analogy for many years, so I can't take credit for anything beyond a quirky memory and the company of colorful friends and clients.
    9 Jul 2013, 04:22 PM Reply Like
  • Valleywood, I could not agree more on the water investment. I come from a farm background and food is already in greater demand that ever, but the tech is already here to produce 100x more than we do's just not cost effective at present.


    Iindelco sorta touched on the "affordability" part....what is unaffordable today may be cheap in the future. I have witnessed this in many areas in my short time on this earth.


    The sad part is that every side of the arguments has at least one part right or a valid point....sad they can't come to an agreement. Conservation is a must, just like recycling, free markets are good but they also have the ability to hold back progress, no one likes change and if it ain't broke don't fix it. Sometimes change has to be forced and it can even be a good thing.
    9 Jul 2013, 05:03 PM Reply Like
  • VW,
    I hate to bring up a pandemic ( no matter how likely) because most in this world just won't open their eyes to its eventual existence.
    9 Jul 2013, 05:05 PM Reply Like
  • Given the topic I just finished watching this TED talk as it was linked to on AOL today.


    Is The Human Race In Danger Of Becoming Extinct Soon?

    9 Jul 2013, 06:16 PM Reply Like
  • iinde,


    Since human evolution is now governed primarily by our knowledge, I say the answer is unequivocally yes. Just not at all for the reasons Leakey probably thinks.


    Instead, think where our knowledge is already heading. Designer organic systems. Organic-inorganic combinations. Solely inorganic entities.


    No one knows where this heads exactly, but the human race is about to change a whole lot. Of it's own design.
    9 Jul 2013, 06:44 PM Reply Like
  • I don't know about extinct, but I think far less numerous is a certainty. The sad part is I don't think it will become less numerous by choice.
    9 Jul 2013, 06:49 PM Reply Like
  • We are a robust and indomitable species that finds ways to thrive in all sorts of situations, from the Siberian tundra to the Sahara desert.


    It is ludicrous to talk of doom and gloom as long as humans are free to assemble into self-interested communities who can plan for their own best futures.
    9 Jul 2013, 06:58 PM Reply Like
  • Who's choice? The "Nobles" are buying islands and isolated estates so if the "Serfs" die off suddenly they will mostly be isolated from it.
    They have to do this because with the current medical breakthroughs they will live at least half again as long as the "Serfs" and they have to plan long term.
    9 Jul 2013, 07:14 PM Reply Like
  • replace 'sometimes has to be "forced"' with "incentivized" (force reserved for truly dire situations) and I'm with you ...
    9 Jul 2013, 08:34 PM Reply Like
  • Humans are as likely to go extinct as cockroaches.
    10 Jul 2013, 07:08 AM Reply Like
  • Rick: I agree, because in spite of our proclamations of "higher life form", we have essentially the same morals and survival instincts, along with some additional tools, when push comes to shove.


    10 Jul 2013, 07:25 AM Reply Like
  • ... and a good job so far...
    10 Jul 2013, 07:50 AM Reply Like
  • It seems to me though , that if we want to know what is going on, what if this and what if that... all we need to understand is the difference between negative feedback and positive feedback, and the track that humanity has been on since whenever you believe humanity started, and finally, the usual results that stem from each sort of feedback.


    clue: it's been 'positive': more insights, (food production, medicine, etc); better ability to transfer those to the young (showing, speaking, teaching, universities); better ability to achieve reproductive success (more food, more knowledge) more insights, more people, more insights.... and on and on.


    Meanwhile (since whenever you believe humanity started), ...every tool has become a weapon;
    And, of course, we cannot say no to more knowledge about us (genes, genomes, cancer research, etc)
    So... yes, some of us will work on some of the problems, but, more people will be living, keeping the pressure on for some sort of fix, ANY sort of fix, until one day, we'll awaken and it will be here, whatever the "fix" is. At that point, and from then on, the population will average lower, but unstably.


    Perhaps the dismissive argument is 'doomsday scenario'. but there are fewer sharks, tigers, rhinos, plastic-free places, coral reefs, etc, and more CO2, O3 in the wrong places, and pollutants in the world. Please don't cuss & call me negative, since it is all positive feedback!
    10 Jul 2013, 07:52 AM Reply Like
  • LT,


    In my opinion we are to blame. I recall Sam Walton in two different interviews during the late '70s saying Wall Mart would never sell anything not made in the USA. He hadn't even reached room temperature when his kids starting riotous importing.


    So long as we are eager to buy things at the cheapest price, we ensure buying from companies/countries/cu... willing to trash our environment. Not to mention trashing American jobs. Interesting that we consider "cheapest" to mean the item with the lowest dollar price.


    I own a Tundra because it's made in Austin, TX and has 90% American made parts including the engine, transmission, and differential. Happily it is now also my favorite truck. What infuriates me is that outsiders can come here, assemble a factory, manufacture excellent products, and at the same time be model citizens in environmental protection.


    I am sick & tired of hearing about how we can't be competitive. Horsefeathers ! !


    Quickly now to the biggest air polluters (and the cheapest to fix ! ) the electric utilities. They'd love to switch to natgas but consumer "protection" groups raise bleep with the politicians and that ends the ability of utilities to raise rates.


    We are morons who refuse to accept that we pay too little for food, utilities, and water specifically.


    Our victories are numerous. Lake Erie, the Delaware River, and the Chesapeake Bay are (so far) spectacularly successful in rejuvenation. And we've done very little to fix them. Just took a tiny bit of effort. All that's required is the will of the people to lead our politicians down the right ( moral ) path.


    We will demand clean water, so I say young folks should invest in it. And when the baby boomers start gasping for oxygen I bet we go ahead and clean up our air too.


    You have no idea how difficult it is for me to contain my electronic tongue here . . . . . . . .
    10 Jul 2013, 08:49 AM Reply Like
  • SMaturin, I'm with you. I look at our self muck and mire and have seen how quickly we can make things right. We can do amazing stuff.


    Unfortunately however I think the self-centered baby boomers will have to endure some real pain before we relinquish control to younger wiser folks. I am astonished at how easily my generation can take our grandchildren and sell them down the river so we can be comfortable today.


    I will mention this however. Without D&G there will be no plan in place to make things better. There has always been the prophet to make folks review their thinking.
    10 Jul 2013, 09:00 AM Reply Like
  • Valleywood, I'm with you.
    10 Jul 2013, 09:33 AM Reply Like
  • Small correction. Tundras are made in San Antonio just a few minutes away from me.
    10 Jul 2013, 10:01 AM Reply Like
  • stand corrected ! Thanks.


    Another senior moment.


    Been there. How could I forget ????


    Oh, that's right. Senior moment.


    sigh ..............
    10 Jul 2013, 11:04 AM Reply Like
  • There are two different conversations. Two responses.


    1) Will humans become extinct within 50,000 years. No.


    2) Will the USA be the most important / powerful government in 100 years? Highly unlikely. Cf. Roman Empire, Spanish Empire, Genghis Khan, British Empire, ...
    10 Jul 2013, 11:44 AM Reply Like
  • Future - Please remove blinders: private sector, industrial America, has continually, for upwards of two centuries, increased productivity of most things made with much emphasis on reducing units of energy (purchased power as well as human effort) MEASURED GENERALLY IN BOTTOM LINE COST REDUCTIONS; point being, regardless of the ultimate driving force, we have made energy conservation achievements beyond what most people ever see.


    The key is implementing those BEST methods to the developing nations before they repeat the same mistakes we have made. In other words, don't just market our old technologies for profit; start them up with the best, as best as best can.
    10 Jul 2013, 11:51 AM Reply Like
  • John - preach on, brother.


    The largest wrong directions in many ventures have been caused by Governments that take other peoples money (assets) and pretend to do what's best for the masses for the wrong reasons.


    Problem is, they often totally miss the mark because they begin to mess too deeply in what ought to be left to the people and more so, the private sector; the real Adam Smith's.


    Beyond that, God trumps He sees fit. Especially when Governments tax beyond the "allowed", punish the productive and enable the sloths, or yes, even spend ignorantly with wrong-headed, pied-piper consensus to host the parasites at the trough in doing the wrong thing (vis what the private sector would do (or would not do), eventually).


    And to be clear, I am for some Government funded research (say, in tax breaks or some seed monies where warranted [and yes this does require wisdom, and mistakes are sometimes made]), but not consumer implementation or commercialization. For instance, many commercial innovations were adapted from successful starts in military and defense where the purposes were beyond any thing commercial. And that still works. But, don't push the ropes. Provide opportunity, yes. With wisdom, especially when using other people's money.
    10 Jul 2013, 12:11 PM Reply Like
  • VW, I am with you all the way on this.
    10 Jul 2013, 01:46 PM Reply Like
  • This is by Global Data
    Electric Vehicle Production to Drive Advanced Battery Market Revenue to $61 Billion by 2020


    This is by Navigant Research
    Electric Drive Motor Industry to Grow From $965 Million in 2013 to $2.8 Billion in 2020


    Ultra long-range electric cars possible but not viable says Nissan Engineer
    A Senior Engineer at Nissan has said that while ultra long-range electric vehicles are indeed possible (500miles and upwards) they'd be too heavy and too expensive for todays market.
    8 Jul 2013, 08:57 PM Reply Like
  • Stop/Start and diesel?
    Don't know if this has been discussed before, but I realise I don't know whether S/S works with diesel engines?


    Just read a blog article,|newe|7-8-201... (Economist), pointing out how much better diesels are getting, presumably we will see increasing numbers.


    [Edit: Hm, link does not seem to reproduce well, see the Babbage blog on Economist, for the article (which any computer buffs might find has a confusing title).]
    9 Jul 2013, 04:17 AM Reply Like
  • DaveT: This it?



    9 Jul 2013, 05:26 AM Reply Like
  • Stop-start is being used on diesel passenger cars in Europe. In fact, the Contiental-Maxwell system that combines a supercapacitor with an AGM battery is being used primarily on diesel passenger cars from Peugeot.

    9 Jul 2013, 07:05 AM Reply Like
  • JP, thanks, I was thinking that the starting load for a diesel must be a fair bit higher than for a petrol engine, thus even bigger starters, batteries, cables etc needed, and maybe the price economics in a (small) diesel car meant no one was that interested. [And maybe a diesel idles with less fuel consumption than a petrol, so less to be saved.]
    9 Jul 2013, 08:20 AM Reply Like
  • I can add that this system appears to work very well, having just rented a Peugeot for a few days. This is in contrast to various Seats, Fiats etc that I have used in the past couple of years with hopeless SS systems.
    9 Jul 2013, 11:30 AM Reply Like
  • Anthlj, Thanks for sharing your experience with these various design options. How we believe these systems differ is often discussed here but it's always good to get some real world data points.
    9 Jul 2013, 11:35 AM Reply Like
  • DaveT - starting a warm diesel is about the same as starting a gasoline engine. Diesel actually don't like slow idling as it build up soot on the valves. For long idling, most manufacturers recommend a fast idle speed.


    Starting a cold diesel on a cold day, well, that can take some serious power. However, every diesel has to have the heavier starting load capability, regardless of start/stop.
    9 Jul 2013, 12:26 PM Reply Like
  • Anthlj, For example. This older article, but this technology is still their primary system.


    Mark Phelan:BMW 528i xDrive hits home run but auto-stop strikes out

    9 Jul 2013, 03:07 PM Reply Like
  • thanks Rick
    9 Jul 2013, 04:41 PM Reply Like
  • DRich, JP. Thank you


    HTL - SA PM? Not sure I read or received


    If it concerns longer posts - I am working on something for the APC that may apply


    Off to Quebec today - to take Daughter in Law and two Granddaughters - 3.8 years and 2 months to meet up with their other Grandparents. After 5 days together - my goodness grandchildren are a gift
    9 Jul 2013, 06:41 AM Reply Like
  • Dlmca: It was a Q & D "How To" for an instablog, with snapshots, etc.


    Just go to your inbox. The clipboard at the upper right of your main SA screen should tell you when you have mail.


    9 Jul 2013, 07:33 AM Reply Like
  • A little contrast of another struggling battery company.


    Leclanche Rises After Securing Convertible Loan

    9 Jul 2013, 07:46 AM Reply Like
  • It's not just for insulation any more. Seems like bio-carbon they are finding out these plant materials offer wonderful structures that support electrochemical reactions and electrostatic storage.


    Recycling rice husks for high-capacity lithium battery anodes


    "To perform this function while ventilating air and moisture, rice plants have developed unique nanoporous silica layers in their husks through years of natural evolution."

    9 Jul 2013, 08:04 AM Reply Like
  • If you can find a way to exploit naturally occurring nanostructures like Axion has done with its carbons, the economics get very interesting very quickly because nature is so much smarter than humanity when it comes to designing and replicating consistent complexity.
    9 Jul 2013, 08:30 AM Reply Like
  • Good idea. :)


    Electric hybrid drives for aircraft


    "In cooperation with s00000everal partners, Siemens has created its second aircraft powered by an electric series hybrid drive system.

    9 Jul 2013, 08:07 AM Reply Like
  • Electric series hybrid drive systems now made possible/practical by ...
    9 Jul 2013, 08:45 AM Reply Like
  • Chevy Makes a Bold Move with Start-stop Technology on the Malibu


    "Stop-start technology, which will be standard on the the 2014 Chevy Malibu, is expected to improve the midsize sedan’s fuel economy by at least 5% in city driving."

    9 Jul 2013, 08:30 AM Reply Like
  • It looks like they've got it backwards when it comes to the main battery and a small auxiliary battery for hotel loads. In a typical engine off event the starter only takes 300 amp-seconds of energy where the hotel loads require something closer to 3,000 amp-seconds. A small starter battery with a PbC for the hotel loads would be far more efficient in terms of performance and associated cabling.
    9 Jul 2013, 08:55 AM Reply Like
  • " It looks like they've got it backwards".


    They being GM. Who worked with Axion for years. Is it really possible that the New GM is as poorly run as the old GM?


    I have been out of the loop for a couple weeks. OMG I had a lot of comments to catch up on. Glad to see the ePower agreement being moved forward. Looking forward to finding out whether Valeo or Bosch is our working partner. I'm hoping Bosch for one reason. I like these private companies that have succeeded in this "public offering" world. Decision making is a quicker process. East Penn, Viridity, ePower. Hopefully we will hear more good news next week.


    BTW. To one and all: When reading hundreds of posts in a row one gets the frustration occurring amongst posters. I would suggest typing once. Have a sip of tea. Reread. Then hit send
    9 Jul 2013, 09:25 AM Reply Like
  • gotta wonder if "they" is the writer, not GM.
    9 Jul 2013, 09:38 AM Reply Like
  • It would be nice if we had a PbC product champion like George Washington Carver was for peanuts.


    If even half that many uses were made public, Axion couldn't make enough for the demand.
    9 Jul 2013, 09:39 AM Reply Like
  • I don't believe the "No room" answer that was given as a reason PbC was not considered for this application. Look at the height of the area where this unit is placed. Wasted space. The last time I checked space was 3 dimensional.


    Energy recycling technology cuts subway operators a ‘brake’ on electrical bills

    9 Jul 2013, 11:26 AM Reply Like
  • >iindelco ... Has there ever been any link between Axion & ABB that you can remember?


    ABB is a premier world energy innovator and it would be a real shame if Axion hadn't just given them some batteries to play with. Hang the cost. These guys own Allen Bradley Controls, Power One, a chunk of Quanta Svcs and others but the systems they keep developing are tied at the hip to Siemens Li-on technology. Someone from Axion really ought to make them aware.
    9 Jul 2013, 11:37 AM Reply Like
  • DRich, I have never seen anything in the public domain that there has been any communication between ABB and Axion Power. I have to believe ABB is aware of efforts in the LAB and advanced LAB sectors. This however is different from there being some level of exchange of information and samples.
    9 Jul 2013, 12:06 PM Reply Like
  • I sat down with my wife last night to discuss what’s been happening with Axion and its pps since June 1. She’s been aware of its falling price, but has not been overly concerned because she considers it to be a long-term investment, and has put it in the “stick it in the sock drawer” category. But I wanted to fill her in on what’s been happening the past few weeks, and how I’ve come to believe the risk/reward ratio I described to her over the previous 12 months [as she gradually increased her position] has changed fairly dramatically since the completed financing on May 8.


    I highlighted three main points. 1) The financing deal that was reached in May has turned out to be far more deleterious than most everybody on this board could have imagined at the time, even to its most vociferous critics. 2) The financing company [Maxim] is now viewed by most on this board as a “vulture” financing company [similar to a loan shark]. 3) Faith in management, already fairly low to begin with, has plummeted since that time, exacerbated by the fact their investor communications are so poor.


    Regarding Maxim, I explained how they are trying to maximize their profits in whatever way they can. And that contrary to TG’s numerous assertions he was negotiating financing with entities that were in alignment with Axion’s strategic interests, that this did not turn out to be the case. I then described some of the tactics companies like Maxim often use to manipulate the pps of vulnerable companies downward so as to accumulate more shares, and how this appeared to be what’s happening at this time.


    Her first response was something like, “Well, isn’t that illegal?” [She’s can be so practical in a lot of ways]. I explained that what they were doing was likely legal, or close enough to it so as to preclude any kind of legal action that might be considered. She then asked if there was any way to get out of this toxic financing arrangement. I told her there really wasn’t, and that it looked like we’re going to have to endure having many more diluted shares being dumped on the market than we had originally anticipated. And the more shares that were issued, the more power it gave to Maxim.


    I mentioned that despite this, Axion had enough money to survive at its current levels of operations for at least another 15 months, with a likelihood extra income during this time would extend that date outwards. And hopefully, if they ever did need more financing, there would be enough positive developments to preclude ever having to consider such a similar toxic financing arrangement again. I also mentioned that it’s now widely perceived on this board there is now a greater risk to Axion surviving the most recent financing debacle, and it’s believed to be fairly doubtful they could survive another one of such magnitude.


    I then explained how many on this board felt Axion had gotten into this predicament in the first place. I primarily focused on how Axion, for some reason, doesn’t seem to know how to put its best foot forward, having stumbled badly in two major regards. 1) How they failed miserably for many years to effectively market an impressive product to many businesses that could fairly easily find innovative applications for it, if they only knew about it. And 2) How they somehow failed to convince prospective strategic investors [those whose interests were TRULY aligned with Axion’s] just how compelling Axion’s prospects are at this time.


    I mentioned how Ed Buiel, a highly respected person in the battery business, had worked for Axion for a number of years, and had long been perplexed as to why Axion couldn’t effectively market such a fabulous product. And how he eventually became discouraged to the point where he didn’t feel their sales performance was ever going to improve, and decided to sell all his shares years ago. [Ed, if you read this, I hope I’ve described your take on things at least fairly accurately].


    I also shared my own analogy of how I viewed Axion. I compared it to a seedling that has the potential to turn into a mighty oak tree. But similar to a seedling that needs adequate water at a critical time to survive, a small micro-cap company like Axion needs adequate money to survive fragile times, and everything should be done to preserve every last dollar. Which brought me to recent bonuses paid to management, which continues to rankle me [I am open to comments about whether it should or not].


    I told her my own personal beef with management was that I didn’t believe it was appropriate for them to be accepting bonuses at a time Axion was desperately trying to survive, and especially not at a time they were negotiating a financing arrangement that essentially put Axion at greater risk of survival. I know some here would say they did what they had to do to keep the doors open. Well, if they had marketed the PbC and negotiated necessary financing with even average competency, I don’t believe they would have ever found themselves in such a difficult position. — Poor grades to them for execution on both these counts, and certainly not a performance worthy of bonuses.


    I concluded our roughly 20-minute conversation by expounding a bit more on what Axion could do to get out from under the negative consequences of the toxic financing. And that it mostly had to do with positive developments happening and being announced in the near term. I mentioned the ePower announcement, the SBIR grant, BMW / NS possibilities, and more. And I told her that despite some of my grievances with management, I thought the odds were very good that some very positive things could develop soon to push the price back upwards toward .3106, and that I had no intention of selling my own shares. I explained that at this price, Maxim would likely find it advantageous to push the stock price higher, not being concerned whether pushing the stock price up or down was what it took to make themselves money.


    I hope this post doesn’t come across as overly negative. Others on this board have been critical of management performance, but I generally held to the belief that whoever was managing the company would bring their own strengths and weaknesses to bear. And I’ve felt it was only fair to be as tolerant as I could surrounding issues I didn’t have all the details on. But resorting to this latest to financing, and accepting concurrent bonuses at a time Axion was trying to survive has turned out to be just a bit too much for me. — Perhaps future performance will eventually show they deserved these bonuses. But being a fiscally conservative German, I’ve long held to the adage that one in the hand is worth two in the bush [or perhaps 5-6 in the bush]. And until you have that one in the hand, you don’t act as if you do.


    I guess in finishing up, I would say one last thing. If I had my druthers, I wish Axion management, if they’re monitoring this blog as I’ve heard they are, would show a little consideration and somehow acknowledge some of the incredibly insightful comments and valuable ideas that are posted here. And I don’t think it’s asking too much they then communicate in some way their appreciation for these suggestions. AND for the loyal Axion shareholders who post them.
    9 Jul 2013, 02:14 PM Reply Like
  • Wayne-in-Duckland,


    I hear you my friend.


    I hear you.


    Even if you are a player on the Tillamook polo team.


    I hear you.
    9 Jul 2013, 03:54 PM Reply Like
  • WiO, your words were fitly spoken. I have shared similar sentiments and thoughts many times.
    9 Jul 2013, 05:15 PM Reply Like
  • Hey Wayne,


    I have the same concerns as you do. It is true that Axion's product seems to be a wonderful thing, but I am starting to have doubts about the current management team. If there is no progress on the sales front in the next few months, I would personally be in favor of a change in strategy, even if that involves reshuffling current management structure in favor of newer, more aggressive people.


    Just my two cents
    9 Jul 2013, 05:26 PM Reply Like
  • Wayne, thanks for the window into your thinking. As I said a little while back, from the vantage of late 2011/early 2012, I sure didn't expect (then) for us to be where we're at (now) 18 months later. I would guess not many others did either, save those with the gifts of clearest insight and savvy. But here we are. Still on the doorstep.


    "Prosperity is just around the corner"


    I sure know I've believed it. And still want to. But block after block somehow it has continued to elude us. Yet the possibility is still so very much alive. And it could be the very next intersection. That is what makes it so tough to give up. And so tough to endure. BMW and NS can each be company-makers. A true commitment from either of them could change the paradigm/ landscape overnight. With the right announcement we go from a company living hand to mouth to one whose future is all but assured. ePower could also make the company, but probably more gradually and not as dramatically. Grid storage too, but that seems to be a true glacier. I mean, the first PoweCube was commissioned what, Nov 2011? Nearly two years later and still squat--we just about have to use an interferometer to detect any movement. Anyway, here we are. On the doorstep still. With maxim's chamberpot slowly emptying on our heads. Ode the joy.


    What to do? endure? cut and run? grumble? pray and hope?


    The ePower news was good. With apparently more to follow before too long if/when the long-term supply agreement is reached.


    The SBIR news is on deck. I'd like to think we have better than a good chance, but I know I need to think about what happens if the answer is no. Likely to be quite deflating in the short term at least. I'm trying to fasten my seatbelt for it, whatever comes.


    NS no-no-no is supposed to be a Summer event. We got about 10 weeks left to see.


    BMW... TG said we were several months into the second-source process... but is that a 6 or 9-month process or a two-year process he's talking about? I mean, it sure seems like the clock ought to be running for them too... but who the heck knows. It still seems to me that we could hear from BMW anytime from the middle of this week to the middle of next year. Yet thus has it always been. Ever the next corner. So close and yet so far. But I guess we're going by their clock --and whenever it decides to chime, well that's when we get fed. Or not.


    PowerCube sale? Well that sure would be nice. Something out of the blue... a lovely little microgrid somewhere on some sun-blessed island...or even a parking lot behind a building somewhere in upstate NY... I don't care which. But again... could be next week, could be Columbus Day, could be 2014...


    As to the company dynamics, geez, Axion certainly didn't finesse the financing too well. At least that's sure how it seems at this juncture. And I had a lot of faith. Boy did I learn something. Though I guess if we have a BMW contract in our pocket come August it will then all seem to make sense...


    The divorce with RW just can't be a pretty thing no matter how one wants to slice it. It might be nice to hear Axion's side of the story sometime but maybe, for whatever reason, in this case silence really is golden. I guess we'll never know. And if something good enough, big enough, and soon enough does happen on some other front, then well it will eventually all be forgotten...


    But for now, I guess I repeat myself... reinforcing the same comments I've been making--that this is the crucible. This Summer and Fall. These next weeks and months. All TG's various maneuvers and prioritizations this year will either be vindicated by larger success, and he will then rightly be hailed as a resolute genius, who with a cold steely eye kept his eye on the prize, and did precisely what had to be done to sail the treacherous straits, despite the protests....or else...or else his actions and decisions will eventually be confirmed as what they appear to some to be now--missteps, wrong turns, flailings, all borne of dwindling options, paths not taken, forsaken opportunities, and stubborn desperation.


    We should all know before long.


    ...I know this was mostly an emotional airing. Elements of it are/were therapeutic for me, but that is probably not the effect for those reading..


    Hopefully the DOE will soon bless us and what's more John will bring back good tidings of great joy from his trip.


    Axionistas shall endure.
    9 Jul 2013, 05:34 PM Reply Like
  • 48,
    "What to do? endure? cut and run? grumble? pray and hope?"


    I've gone with the "worry about the rest of my life for now" plan. Oh, and make sure I've forgotten where I left the key to my sock drawer.
    9 Jul 2013, 09:38 PM Reply Like
  • 48, "And I had a lot of faith. Boy did I learn something."


    Welcome to the wild wild west world of the Pennies. Where ignorance, stubbornness and bravado almost always get crushed. Where 1 home run for every 4 busts is a darn good average.
    9 Jul 2013, 09:52 PM Reply Like
  • Mr. I, you said it. And guilty as charged. Well, at least some LOIs anyway. And also, uh, thanks for the welcome, though I'll admit for a time I *was* envisioning something a bit more like:



    I'm still holding out for the pancakes though. 'Cause I just know they've got to be in here somewhere, right next to the pony...
    10 Jul 2013, 04:46 AM Reply Like
  • 86,


    I agree with you that TG is playing a dangerous, binary game with Axion now. He is either going to land the big fish (BMW or NS) and in this case he will be hailed as a genius, or none of it happens in the next weeks/months, and in this case he will be confirmed as a manager whose missteps have cost Axion dearly, in which case I see it as fair to look for another CEO replacement.


    Either way, we shall know very soon. This in itself is a relief
    10 Jul 2013, 06:50 AM Reply Like
  • Hopefully Axion's chart will look like this someday. :)

    9 Jul 2013, 02:24 PM Reply Like
  • PMP40: We got the left part down pat! :-((


    9 Jul 2013, 02:26 PM Reply Like
  • >H.T.Love ... Actually I think that Axionista's can't feel comfortable with any less than 5 decimal places. Descending & diminishing numbers make us feel like a "rocket scientist" nearing a blast-off.
    9 Jul 2013, 02:36 PM Reply Like
  • DRich: <*chuckle*> Let's hope we don't have this rocket inverted! =>8-O


    9 Jul 2013, 02:58 PM Reply Like
  • HTL,


    My computer is wearing spray.


    I hope my keyboard will recover and continue to function.


    Read your response to PMP40:






    9 Jul 2013, 03:47 PM Reply Like
  • VW: LoL! Took me a few seconds to realize what transpired .


    9 Jul 2013, 04:31 PM Reply Like
  • Hi All,
    A little OT, but very interesting article on a geo-thermal company that already has a plant in Nicaragua built for 72 MW producing 60 MW.
    9 Jul 2013, 02:33 PM Reply Like
  • Thanks for posting that.
    10 Jul 2013, 12:19 PM Reply Like
  • Tom Konrad is running a poll on Forbes. Readers can vote for AXPW as the next stock he will research and write about.

    9 Jul 2013, 03:57 PM Reply Like
  • D Lane,


    Do you hate Konrad that much ? :>)
    9 Jul 2013, 03:58 PM Reply Like
  • Voted!
    9 Jul 2013, 04:09 PM Reply Like
  • Voted too!
    9 Jul 2013, 04:14 PM Reply Like
  • I just voted and 80% had voted for axion.
    9 Jul 2013, 04:28 PM Reply Like
  • Voted!


    Now ... I'm fearful what he may write!


    9 Jul 2013, 04:33 PM Reply Like
  • Voted
    9 Jul 2013, 04:39 PM Reply Like
  • Valleywood, Tom Konrad has written about Axion before but not for many moons. He also published articles by JP at which led me to the stock. I am very curious about what he might conclude currently but would be surprised if he does not think the stock is a buy.


    I had to share the poll when I saw that he said "Please tell your friends you voted!"
    9 Jul 2013, 04:59 PM Reply Like
  • Be careful what you pray for, my friends...
    9 Jul 2013, 05:02 PM Reply Like
  • Now 86%
    9 Jul 2013, 05:44 PM Reply Like
  • Just voted. Still at 86%.
    I think we've stacked the deck. :-)
    9 Jul 2013, 09:32 PM Reply Like
  • 88% !
    10 Jul 2013, 02:30 AM Reply Like
  • voted.


    now 83%
    9 Jul 2013, 04:34 PM Reply Like
  • voted as well. It was 50% after I voted.


    Edit: Just checked and it was 86%
    9 Jul 2013, 04:51 PM Reply Like
  • voted now 89%. No comments from me....just lurking on this one, I have to many dogs of my own to worry over guys.
    10 Jul 2013, 12:58 PM Reply Like
  • Just looked at the Axion site. Didn't even add the latest ePower news to the site as far as I could tell w/ limited digging.
    9 Jul 2013, 04:58 PM Reply Like
  • It's the fist item on the home page, and the latest press release on that page.
    9 Jul 2013, 05:03 PM Reply Like
  • Axion doesn't really know it HAS a website.
    9 Jul 2013, 05:04 PM Reply Like
  • This blog has effectively been their website for a long time now.
    9 Jul 2013, 05:28 PM Reply Like
  • Thanks FPA. I swear I didn't see it there when I posted. I must be blind or I was pulling up something from the cache on my computer. I suspect the former. :(
    9 Jul 2013, 05:39 PM Reply Like


    more fun and foo.. but with a twist---note the $2000 option for a two-cylinder ICE generator/range extender. That's going to be something to see...


    And per usual the comments are nearly the best part... my fave so far:


    "there is nothing about adding in an ice that equates to higher efficiencies. if i wanted a hybrid i would just buy a hybrid. i want to cut the cord to gasoline all together. of those 80%... how many of them do you think will not worry about charging their car because they have enough gas in it to get them to work the next day. 50%? i know i would be in that boat."


    "cut the cord to gasoline all together" that is just inspired genius.
    9 Jul 2013, 05:34 PM Reply Like
  • I had a long conversation with a Chevy Volt owner yesterday. He has been driving the car for a year and loves it.


    Having an ICE on board eliminates range anxiety entirely, while driving on battery power gets him, I believe he said, 30 km; and with a 220 outlet in his garage it takes 4 hours to recharge fully.


    In the year he's owned the car he's burned, I believe he said, less than 30 gallons of gas. He estimates his electricity cost at $1.50 per day, which sounded to me like it would add up pretty quickly.


    On maintenance, because the car brakes except at the very end of a full stop with the electric motor, he said his brakes are hardly worn; oil changes are something he doesn't even think about.


    He likes that the electric motor gives him 100% torque at 0 mph and that a driving mode, called "mountain mode," lets him run the ICE to charge up the battery in anticipation of encountering a steep grade down the road ahead.


    His wife mentioned something about the weight of the lithium battery being excessive, and both anticipate future "battery design improvements" that we all know are not forthcoming.


    Bottom line, for a conservative around-town driver, the Volt seems not to be a bad deal. At least the guy was not complaining in the least and was in fact smiling like a cat who'd swallowed a canary.
    11 Jul 2013, 02:43 AM Reply Like
  • I think your autocorrect changed a word in your last sentence, assuming of course that you meant to write insipid instead of inspired.
    9 Jul 2013, 05:47 PM Reply Like
  • 07/09/2013: EOD stuff partially copied from instablog (up in the A.M.).
    # Trds: 89, MinTrSz: 152, MaxTrSz: 22148, Vol 350131, AvTrSz: 3934
    Min. Pr: 0.1550, Max Pr: 0.1648, VW Avg. Tr. Pr: 0.1583
    # Buys, Shares: 17 65407, VW Avg Buy Pr: 0.1612
    # Sells, Shares: 72 284724, VW Avg Sell Pr: 0.1577
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:4.35 (18.7% “buys”),DlyShts 42265 (12.07%), Dly Sht % of 'sells' 14.84%


    On the glass half full side, we had a higher low and the punitive share price descent is beginning to slow its rate of descent ... slightly. OK, with that out of the way ...


    Week end & this week's daily estimated values (older dailys in prior EOD posts) for next share issue:
    06/14: 85% x avg. of 20 lowest intra-day VWAPs, $0.2315, in 40 days: $0.1968 Wk cls VWAP $0.2122
    06/21: 85% x avg. of 20 lowest intra-day VWAPs, $0.2176, in 40 days: $0.1850 Wk cls VWAP $0.1751
    06/28: 85% x avg. of 20 lowest intra-day VWAPs, $0.1956, in 40 days: $0.1663 Wk cls VWAP $0.1474
    07/05: 85% x avg. of 20 lowest intra-day VWAPs, $0.1805, in 40 days: $0.1534 Wk cls VWAP $0.1518
    07/08: 85% x avg. of 20 lowest intra-day VWAPs, $0.1768, in 40 days: $0.1503
    07/09: 85% x avg. of 20 lowest intra-day VWAPs, $0.1739, in 40 days: $0.1478


    Vol, in K (for above wks/days): 4,356, 1,934, 3910, 445, 324, 286, holiday, 1,217, 784, 350.


    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: -43.2%, -11.1%, -5.8%, -5.5%, -0.7%,-0.4%
    5-day change: -26.5%, -21.9%, -27.9%, -4667.9%, 4.9%, 22.8%
    5-day rate of change change: -41.9%, 37.0%, -55.1%, -328.4%, 5.5%, 62.6%


    On my newer inflection point calculations, for those same periods:
    1-day change: -120.4%, -47.6%, -31.0%, -65.3%, -26.2%,-105.2%
    5-day change: -61.6%, -56.6%, -142.1%, -105.7%, -95.0%, -97.7%
    5-day rate of change change: -208.5%, -97.4%, -169.6%, -225.2%, -175.5%,-214.4%


    ATDF was quite active on the sell and buy side today, taking the top spots the majority of times I checked. So we get the low daily short sales along with the weakening of price. Can't blame it all in them though – ARCA took control on the offers shortly before the close.


    How nasty were they? For most of the day the asks were above $0.16 and at 15:04 was showing $0.1646. It was still $0.1639 at 15:13. At my next check, 15:51 ARCA was giving it away for $0.157 and at 15:57 paying you to buy ... almost. Ask was $0.1553. They also appeared briefly in the A.M., 11:28-11:50 and moved the asks from the $0.1649 area into $0.161 and then $0.16. Of the MMs I see, and I track pretty deep into the stack for asks and bids, ARCA is one of the few I never see on the bid side.




    Some context:
    $0.1550-$0.1563: 133329 shares, 38.08% of vol, VWAP $0.1555, 0.0% buys
    $0.1575-$0.1580: 054630 shares, 15.60% of vol, VWAP $0.1576, b:s 1:6.59, 13.2% buys
    $0.1600-$0.1610: 130465 shares, 37.26% of vol, VWAP $0.1601, b:s 1:2.25, 30.7% buys
    $0.1639-$0.1648: 031707 shares, 09.06% of vol, VWAP $0.1648, b:s 1.33:1, 57.1% buys


    Then we can see how the usual behavior kicks in (late-day weakness) ...
    09:47-11:11: 021607 shares, 06.17% of vol, VWAP $0.1592, 35.2% buys
    11:20-12:57: 092000 shares, 26.28% of vol, VWAP $0.1605, 41.4% buys
    12:59-14:35: 051400 shares, 14.68% of vol, VWAP $0.1573, 14.0% buys
    14:52-15:46: 075365 shares, 21.52% of vol, VWAP $0.1601, 16.6% buys
    15:46-15:59: 109759 shares, 31.35% of vol, VWAP $0.1556, 0.0% buys


    Details of “Dly Sht % of 'sells'” and inflection points omitted here.


    9 Jul 2013, 06:56 PM Reply Like
  • Thanks as always, HTL.


    "...left-coastie knave..."


    Now, I wonder what auto-maker-who-must not be named is located there, with loads of true believers?


    9 Jul 2013, 07:32 PM Reply Like
  • I forgot to drop a couple daily volume number ins the above (and yesterday too!).


    Vol, in K (for above wks/days): 4,356, 1,934, 3910, 445, 324, 286, holiday, 1,217, 784, 350.


    should read


    Vol, in K (for above wks/days): 4,356, 1,934, 3910, 1,217, 784, 350.


    10 Jul 2013, 05:57 AM Reply Like
  • A New Kind Of Battery Technology Could Make Gas-Powered Cars A Lot More Efficient


    '"MRD found that adding individual nanotube wires to a paste used in the production of lead acid batteries improved ion transport within the battery, making it last 50% to 70% longer, allowing it to hold a larger charge, and cutting charge time in half."


    "The lead acid battery manufacturing process, conducted by MRD subsidiary MRLead LLC, is already underway at some offshore facilities and should start in the U.S. in the next few months on a large-scale basis. Batteries with the technology come with a 15% to 20% markup in price, but the huge benefits in how they can be used make them a no-brainer, Lewis said."

    Molecular Rebar™ Design

    9 Jul 2013, 09:20 PM Reply Like
  • Iindelco: With the increase in price and only 50%-70% lifetime extension, they don't quite knock the PbC out of the game yet. The larger charge seems an advantage to them.


    The cutting charge time in half seems woefully inadequate for serious s/s in heavy urbanized areas though. What's the normal ... C/10?


    With manufacturing already under way in offshore facilities, that sure seems optimistic for auto applications.


    10 Jul 2013, 05:15 AM Reply Like
  • Carbon paste additives modestly increase both cycle life and charge acceptance. Most manufacturers that use carbon additives claim at least a double on both metrics. Carbon nanotubes are exceedingly cool, but nowhere near cheap enough for use in batteries. There's also that minor OEM testing and validation issue to contend with.


    Normal lead acid charge rates are in the C/20 to C/10 range.


    In his presentation at last fall's ELBC Eckhard Karden from Ford said the automakers want a minimum of 1C but would prefer 2C.


    Axion's SBIR project is testing the PbC at 2C+ and the numbers we've heard about from both the NS and ePower work indicate that 3C is not a problem for the PbC.
    10 Jul 2013, 05:39 AM Reply Like
  • There's also that minor OEM testing and validation issue to contend with.


    I can assure you these batteries won't spend 4 years of testing
    10 Jul 2013, 05:56 AM Reply Like
  • That's probably true LT.


    The odds are very high that the world's automakers won't even bother to test the nanotube additive batteries because they offer no meaningful performance advantage compared with cheaper carbon additives.


    If the nanotube additive batteries are tested, the odds are very high that they won't survive the first six months of laboratory testing that merely serves as a prelude to 18 to 24 months of validation testing.


    If the nanotube additive batteries defy the odds at each step, then three or four years down the line MRD will be where Axion is today.
    10 Jul 2013, 06:12 AM Reply Like
  • Morning Mr John.!!!


    Please tells us that mean those ranges. (C20, 1C, 3C).


    10 Jul 2013, 07:28 AM Reply Like
  • C-rate measures the amount of time required to re-charge a fully depleted battery without damaging the battery.


    A battery that takes 10 hours to recover its entire charge has a C-rate of C/10.


    A battery that can recover its entire charge in one hour has a C-rate of 1C.


    A battery that can recover its entire charge in a half-hour has a C-rate of 2C.


    A battery that can recover its entire charge in 20 minutes has a C-rate of 3C.


    The typical recommended C rate for lead acid batteries is C/10 to C/20, meaning that optimal recharging should take 10 to 20 hours.
    10 Jul 2013, 07:38 AM Reply Like
  • Muchas gracias!!!


    In my view, that says the big difference that offers the PbC Tech. (3C Vs. 20C). Mucha diferencia.


    According to that classification table the FLAB and AGM batteries, remain serving to light bulbs.


    Good day-Carlos
    10 Jul 2013, 08:07 AM Reply Like
  • JP, I appreciate this succinct review on C rates and don't recall seeing it before. I hope you keep repeating it here and elsewhere. All the while highlighting that PbC can likely do 2C or better!
    10 Jul 2013, 09:47 AM Reply Like
  • The easiest way to think about C-rates is "amps per amp hour" of capacity.


    Whenever a manufacturer puts out a spec sheet that includes an amp-hour figure, it will also include a C-rate because all batteries are less efficient when they're charged and discharged rapidly.


    To further complicate matters, the acceptable C-rate for a battery is much higher for short duration charge than it is for a long duration charge and the C-rate typically falls off as a battery reaches the top of charge.


    If you think about the PbC, it's optimal operating range is between 30% and 90% state of charge. In that interval it can take almost anything existing systems can throw at it. As you get over 90% SOC you have to slow the charge rate significantly or risk boiling off electrolyte.
    10 Jul 2013, 10:28 AM Reply Like
  • Not 20C. It is C/20 = 0.05C
    10 Jul 2013, 10:38 AM Reply Like
  • Way back when....we used to refer to the C-rate w.r.t. discharge only. The ability/capacity to DELIVER energy/power at various discharge rates. Both directions work.
    10 Jul 2013, 11:33 AM Reply Like
  • HTL. I've seen claims and data from graphite, carbon black, coconut shell carbon, carbon nano-tubes and a few others being used as additives in the NAM. So far nothing much better than what these guys are claiming. So in this area, when it comes to adding carbon to the NAM, I think we know what the industry can offer. Better but not good enough for all apps.


    Gotta keep an eye on the competition.
    10 Jul 2013, 11:50 AM Reply Like
  • JP, good description. Note to others: many writers are sloppy in quoting C rates, so a C/20 (discharge over 20 hours) may be written as C20, and particularly ignorant bloggists may write it as 20C (which is totally wrong, and would mean the battery could accept a "full" charge in 3 minutes (60 / 20)).


    The high C rates (eg, JP wrote 3C = 20 minutes) are somewhat misleading. No battery can accept very high charge rates all the way to 100%, so a 3C battery cannot be fully charged (0%-100%) in 20 minutes. A 3C charge rate may mean the battery can accept from 30% to 80% in 10 minutes, but still may take well over an hour to go fully 0%-100%. The exact range of maximum charge varies by chemistry, battery design, heat transfer (cooling system), etc.
    10 Jul 2013, 11:54 AM Reply Like
  • Thanks for the additional clarification Rick. It's always nice when somebody with stronger technical chops wades in with the finer detail.
    10 Jul 2013, 12:08 PM Reply Like
  • Rick - right on. And generally, for full disclosure, C rates (either direction) are accompanied by Voltage v/s Ahr (or equiv) curves/plots/graphs.
    10 Jul 2013, 12:31 PM Reply Like
  • A bit about Europe
    First Euro-Spec Tesla Model S Sedans Show Up In Norway


    Nissan LEAF Strikes Again in Norway by Taking Fourth Place on Overall Sales Chart in June
    With 340 registrations, the LEAF had a market share of 3.1% of all new passenger cars sold in June.
    With 1,974 YTD
    Total sales of new passenger electric cars in Norway in June reached 372 units. More than 90% were Leafs. YTD total sales for electric vehicles is 2,228 (Nearly 30% growth YOY).


    in France
    June, 762 Zoes were registered Zoes , Europe’s largest market, hit . The YTD total for the Renault Zoe is now 3,592.
    Renault share in of the EV market is 76.4%.


    Renault Zoe registrations in June, 228.
    YTD numbers amount to 387, which is higher than the Leaf's YTD 289. June was 37.
    Mitsubishi i-MiEV 15 and Citroën C-Zero 5, and Opel Ampera 86 (Opel 223 YTD.)


    Scotland (200 EVs total at present.)
    In Scotland, Residential Charging Stations Are Now Free
    Yes the Scottish taxpayers are on the hook to pay for their neighbors charger.


    Renault Sets Electric Vehicle Sales Target at 36,000 Units for 2013
    "Tavares says that Renault’s EV sales target for 2013 is more than 36,000 units globally. From October 2011 through the end of 2012, Renault sold just over 18,000 electric vehicle worldwide."


    Not even the EV folks think this is likely.


    Yes I realize Canada is not in Europe but rather than a separate post here are their sales for June
    Canada Plug-In Vehicle Sales June 2013


    Chevy Volt sold 153 units in June. The YTD total for Volt sales 471.
    Toyota Prius Plug-In Hybrid 18 units in June. YTD total of 148.
    The 2013 Leaf has not yet been delivered to Canada so with little inventory 13 were sold. Deliveries are scheduled to begin this month.
    Mitusbishi i-MiEV sold 11 (They did supply 2013 models in
    Canada but raised the price by $1,000) Good luck with that.


    Also not in Europe Japan
    1,045 Leafs sold in June
    First six months of
    2011 -----5,457
    2012 -----6,115
    2013 -----5,686
    Cumulative sales of LEAF at the end of June was 27,130 in Japan
    29,351 in US.
    9 Jul 2013, 10:23 PM Reply Like
  • May have some "sort" of problem?


    Safety regulators have opened an investigation of some recalled General Motors Co sedans after a vehicle fire in March led them to question a screening test's effectiveness.


    "The U.S. National Highway Traffic Safety Administration said it has opened what it calls a recall query to look at whether a stress test GM is using on a portion of the recalled cars is good enough, because the fire occurred after the procedure that was meant to catch the problem."


    "Of the recalled cars, about 22,000 are getting their battery packs replaced, while the rest undergo the screening test to see if the control module needs to be replaced, GM said."

    9 Jul 2013, 10:34 PM Reply Like
  • way to go NHTSA!


    "The U.S. National Highway Traffic Safety Administration said it has opened what it calls a recall query to look at whether a stress test GM is using on a portion of the recalled cars is good enough, because the fire occurred after the procedure that was meant to catch the problem."


    Thanks iindelco...
    10 Jul 2013, 12:34 PM Reply Like
  • Seems strange that for a problem that doesn't involve the battery that they'd replace the battery packs in half the cases. Would this be because the faulty circuit boards in the generator control module have been incorrectly routing power to/from the lithium ion battery which has damaged those batteries?
    10 Jul 2013, 12:50 PM Reply Like
  • APM, That would be my read. The way the battery was being cycled was outside of it's intended operating range/frequency/? and thus the impact on it's life is now an unknown or it is known and it's not good.


    So they thought they developed a test that could "sort" for this condition in the unit causing the issues since the flaw(s) were not 100% of the population. Unfortunately their test could not distinguish this 100% of thme time or we have a tech. at a dealership that made an error.


    We don't know other than what we've read.
    10 Jul 2013, 01:09 PM Reply Like
  • For you race fans.


    Renault Will Help Build 42 Formula E Single-Seaters for 2014 FIA Formula E Season
    <The electric cars (4 for each of 10 teams) will be used in the first season in 2014. The decision for every team to have 4 cars was made in lieu of a fast charging option or battery swaps (which Renault has probably had their fill of by now), FIM has decided to swap whole cars (likely 2 cars per driver). For next season, when more prep time is available, teams will get chance to run their own cars.>


    <In 2014. FIM wants to hold a total of 10 rounds of racing around the world – of which, we already know 9 locations already. Of them 2 are in the US, two races in both Los Angeles and Miami. While the newest city to be added to the international roster is Bangkok (Thailand), with the remainder in Rio de Janeiro, Rome, Buenos Aires, London, Beijing and Putrajaya in Malaysia.


    As for the entrants, two teams have officially confirmed participation in the Formula E 2014 season - Drayson Racing Formula E Team and China Racing, both which wants to build their own cars in 2 or 3 years.>


    Not to forget the battery part of this:
    Formula E Selects Williams Advanced Engineering as Sole Battery Supplier for Electric Racing Series


    <Williams Advanced Engineering, the division of the Williams group that develops Formula One technologies, will partner with Spark Racing Technology to design and assemble a battery system for the 42 Renault electric racers that will be used in the FIA Formula E Championship.


    Sir Frank Williams, Founder and Team Principal of Williams, had to to say of joining the Formula E ranks:


    “Energy efficiency is an important issue for Williams and whilst our work in this field is now spanning a number of market sectors beyond racing, motorsport will always be the ultimate proving ground for our technologies. Electric vehicles are becoming an increasingly important part of the automotive industry and Formula E is the perfect opportunity for Williams to validate the latest developments in battery technology.”>
    9 Jul 2013, 10:37 PM Reply Like
  • More on racing.
    Eaton Becomes Official Electric Vehicle Charging Solution Provider for NASCAR
    12 Jul 2013, 11:46 PM Reply Like
  • Some good data points like pack level energy density with some of the newer cells being developed. Also "Usable" energy density vs total energy density.


    U.S. Battery R&D
    Progress and Plans


    May 14, 2013

    9 Jul 2013, 11:28 PM Reply Like
  • I don't recall if we talked about this before. We know that TG was involved in the elevator industry. I wonder if he, Vani, or the rest of marketing has considered escalators?


    No space or weight concerns, and escalators are much more common than elevators.

    10 Jul 2013, 01:58 AM Reply Like
  • I suspect "regenerative" escalators will be mostly greenwash and hype. There is a lot of friction powering an escalator, even down. Think about the amount of horizontal acceleration and motion that is not recoverable.
    10 Jul 2013, 07:23 AM Reply Like
  • Rick has it right. Back in the 80's I was involved in a project where we were building automated conveyor/material handling systems. One of the MEs had the idea of harnessing the braking energy, but we calculated that it really was not going to net very much.


    Now, if we had been retrofitting the systems in one of our really old, multi-story plants...


    10 Jul 2013, 10:43 AM Reply Like
  • The DOE awards page has been updated:


    Axion is not listed in the Excel document (Phase II Release 2). However, the list contains only 32 companies, which is pretty short compared to the other result lists... so it is probably to early to draw the conclusion that Axion is not on. They might still be adding to the list.
    10 Jul 2013, 08:40 AM Reply Like
  • I think we are not selected, unfortunately. Checked both spreadsheets (release 1 and 2), Axion is nowhere to be found...


    Oh well, adding to our misery :(
    10 Jul 2013, 09:08 AM Reply Like
  • The FOA for Phase II Release 2 talks about $90 million in anticipated funding (page 9) and the spreadsheet only identifies ~$30 million of awards. Since there hasn't been a DOE press release yet I think it's too early to reach any conclusions.

    10 Jul 2013, 09:27 AM Reply Like
  • Good catch, John. Since the other documents list about 100 to 160 companies, that makes sense.
    10 Jul 2013, 09:46 AM Reply Like
  • until 90mil is dedicated our little battery co's got some life!
    10 Jul 2013, 09:50 AM Reply Like
  • The topic name reported for rows 14-19 is incorrect. It should read "Selected Renewable Energy..." (although the topic number 10 is correct for these awards).


    This PDF has a list of all companies that applied, sorted by category:


    The FOA does specify that it expects to award approximately 90 awards...
    10 Jul 2013, 10:46 AM Reply Like
  • Definitely looks like the list for the Release 2 awards is incomplete. It only includes a few of the award topic areas. Axion submitted under topic 09b, Technologies to Improve Hybrid Electric Drive. Since neither that topic nor any others under the 09 program area are listed, I assume that department has not finished making their awards yet. Must be getting close, though.
    10 Jul 2013, 11:26 AM Reply Like
  • nogoodslacker,
    "Axion submitted under topic 09b, Technologies to Improve Hybrid Electric Drive"


    As I read the two documents, Axion submitted under "Selected Energy Efficiency Tech" for the Phase I award. In the Phase II release, the DOE funded 9 of the 15 companies that got Phase I funding under this category. Axion isn't on that list this year. So unless their is more coming, Axion didn't get the phase II award. IMHO
    10 Jul 2013, 05:45 PM Reply Like
  • I read it (and if I understand correctly), and as I think Pz44 points out, it looks like column C, rows 14-19 are typos, and instead of reading "Selected Energy Efficiency Technologies" *should* read "Selected Renewable Energy Technologies" Therefore, if this is correct and it's indeed a typo, then that would mean only 3 out of the 15 were funded thus far and not 9 out of 15 as you indicated... which if true (clutching at a thin reed) would seem to indicate that perhaps hope is still alive that more funding is still pending...
    10 Jul 2013, 08:57 PM Reply Like
  • 48,
    I see your point. Other than the 3 companies under category 9, the rest of the companies listed under "Selected Energy Efficiency Technologies" were not in that category for the phase I trials. So either they've only chosen 3 of the 15 companies to go forward with, or we still have a prayer that more will be awarded.
    11 Jul 2013, 01:35 PM Reply Like
  • I would be really surprised if they only funded 3/15. Unless the sequester hit them hard.


    I would think / hope there is more.
    11 Jul 2013, 01:52 PM Reply Like
  • LT - Me too. Either way we should eventually get the application though.
    11 Jul 2013, 03:20 PM Reply Like
  • The 3 Horsemen are knocking the offer down. ARCA, NITE and BTIG.


    If u believe that Axion will get the grant and the news will be sticky, and that therefore 15 cents is a good price to buy, looks like now is ur chance.
    10 Jul 2013, 11:29 AM Reply Like
  • Thats what happens when you make a deal with the devil. Whether TG made it out of naivety or as an act of desperation is unsettling for me. I somehow had a high opinion of his competence prior to this deal, but now I must say I am becoming a bit doubtful...
    10 Jul 2013, 11:33 AM Reply Like
  • Amouna, I think it's safe to assume the PIPE was the best deal available.
    10 Jul 2013, 11:44 AM Reply Like
  • I think you are 100% spot on Mr Investor. The rest of the summer promises to be entertaining...
    10 Jul 2013, 11:48 AM Reply Like
  • I think that is the entire list.


    In 2012, there were 257 Phase I awards are 110 Phase II awards.
    Adding the totals on the tabs there are 247 this year within Phase I and if you add the two lists for Phase II you have 74+31=105. The amounts per page are $73.4M plus $30.9M = 104.3M well over the $90M schedule.


    I've sent an email to the address to confirm but I doubt I'll hear anything back.
    10 Jul 2013, 11:35 AM Reply Like
  • I couldn't open the first list, but it looks to me that there are more posted for last year than this year so far. The file sizes confirm that.
    10 Jul 2013, 11:54 AM Reply Like
  • Mr. Holty. I think you are wrong. The FOA for "Release 2" specifically stated that up to $90M would be available under that release. That, plus the fact that most topic areas are not included on the current release 2 list make me think they are not finished with the list yet.


    Release 1 also had a $90M limit, of which they awarded $73M.


    We shall know one way or the other in a few days.
    10 Jul 2013, 12:13 PM Reply Like
  • I just got off the phone w/ "Melissa", with the DOE/SBIR:


    P: (301) 903-5707


    She said, after putting me on hold and asking someone else, that the Phase II Release 2 Awards list that's now out is complete. That's it. No more awards are coming.


    You guys may want to double-check that, though, to be sure. I'm not convinced she knew what she was talking about.
    10 Jul 2013, 02:42 PM Reply Like
  • That's a shame. I would have enjoyed a press release more than the blackout curtains.
    10 Jul 2013, 03:25 PM Reply Like
  • I am afraid the pps of the company is hanging to a very thin thread: the anticipated deal with BMW's supplier. Any perceived delay or doubts about the deal could easily send the stock south of 10 cents a share. Sure, the ePower deal is encouraging, but I don't expect it to contribute meaningfully to the top line for years to come. Instead of targeting multiple markets and trying to expand aggressively, we have gone the path of "choosing our target markets", and with the benefit of hindsight I am not sure it is the best strategy for Axion's growth. The end result is you have a key salesman departing, and if we see more departures from the company then I would start to get really worried!
    10 Jul 2013, 11:56 AM Reply Like
  • @Amouna I haven't kept up with this concentrator. Are you referring to Vani?
    10 Jul 2013, 12:07 PM Reply Like
  • No, it was a consultant we never heard of who left to become CEO of RoseWater.
    10 Jul 2013, 12:08 PM Reply Like
  • Someone who was taking hell of a lot of credit for most of Axion's business accomplishments on his LinkedIn, and if it were really the case that he was a major player then this is a red flag IMO. Otherwise, I wouldn't worry too much
    10 Jul 2013, 12:13 PM Reply Like
  • I've never met anyone who didn't inflate his resume.
    10 Jul 2013, 12:26 PM Reply Like
  • On balance we only know of 1 employee/contractor jumping ship....albeit to a much higher perch.


    Investor relations suck.


    I emailed a request to the company over a week ago asking when and where the next AGM was to be held. No reply. A simple " That information is not currently available" although unwelcome would have sufficed.


    If you wanttoget myass the sure way to do it is to ignore me. Email to Allen&Co today and worse to follow if no reply.


    I invest in a handful of nano/micro caps. I do not expect special treatment and I know that they are resource constrained. I'm no big fish but I do expect common courtesy.
    10 Jul 2013, 12:36 PM Reply Like
  • Must be Johnny Rambo
    10 Jul 2013, 03:01 PM Reply Like
  • Let's calm ourselves. We're letting a bunch of short sellers toy with our emotions. That's exactly what they want to do, or else they wouldn't spend so much time trashing our stock.


    Business developments are still progressing as far as we can tell. From what we can tell the company officers are still happy too. And the board, for renewing contracts and offering bonuses. One consultant leaving for a CEO job seems like a logical move to me. No bearing whatsoever on Axion's prospects.
    10 Jul 2013, 12:03 PM Reply Like
  • Interesting thoughts re: storage value. Esp. high frequency storage.


    Isentropic’s Pumped Heat System Stores Energy at Grid Scale


    " Wagner, the company's Chairman, shared some conclusions on energy storage based on what he called a "whole-systems approach" in the form of a U.K. grid model developed with a university. The grid model accounts for all generation assets, transmission and distribution, and interconnection.


    According to the model, the value of storage decreases after the third hour. Wagner said, "Three hours is enough," adding, "Distributed storage is significantly more valuable than centralized storage."


    Wagner takes the stance that "peak shifting is the most valuable thing you can do -- but there is no value after six hours; optimum is about 3 hours." He also said that "The value of storage depends strongly on the nature of the system." With a renewable penetration of greater than 50 percent, storage has a "huge value." Wagner believes that high frequency storage is much less valuable."

    10 Jul 2013, 02:46 PM Reply Like
  • In 2010 Sandia published a study that concluded the economic benefit of renewables capacity firming was almost four times the value of renewable energy time shift. You can find my summary table and a link to the Sandia report here.

    10 Jul 2013, 03:30 PM Reply Like
  • Thanks, The article I posted was the first where I'd seen anyone make the statement concerning the value of high frequency cycling being lower. Of course it all depends what your trying to achieve and I would suspect both perspectives are right and wrong as the various needs and solutions are not "one size fits all".
    10 Jul 2013, 03:45 PM Reply Like
  • I think your viewpoint depends more on what you're trying to sell ;-)
    10 Jul 2013, 04:19 PM Reply Like
  • In this case for sure. :)


    Always read between the line's. But after all the marketing and BS is put aside there is still a need to really understand what you're trying to accomplish. Otherwise you'll get exactly what you don't need.


    A good reason to build storage in shipping containers!
    10 Jul 2013, 04:33 PM Reply Like