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  • Lithium Charge: German Military report on Peak Oil - EnerSys, GAIA launch space, naval application lithium-ion JV in Germany ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, m 0 comments
    Oct 2, 2011 5:36 PM | about stocks: LIT, SQM, FMC, ROC, F, GM, TSLA, CAR, TM, FCX, TCK, RIO, ABAT, HEV, VLNCQ, AONEQ
      
     
     Germany is moving fast into the Alternative Energy - Solar and Wind generation are taking the considerate proportion in the country's electricity mix. German Military report about Peak Oil was making its rounds from the last year and now we can see more and more news from the technological heart of Europe about its preparation to the Energy Transition and Electrification of its transportation system.
      You can read this report in English now:
     
     
    "Lithium drive: German Scientists Plan to Halve The Cost Of Electric Vehicles. We are monitoring here the story with DBM Energy  - this German start up is talking about  its wonder Lithium battery: Kolibri, which can make this announcement the very low bar to beat. Question is still whether this technology will be commercially proven and on the market in the nearest future. Recently we have found some more confirmations about its potential break through in Lithium batteries performance and cost. As with all technology once the proper funding will be put in place we can expect the rapid technological advance even without the miracles promised by companies like DBM Energy."


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    EnerSys, GAIA launch space, naval application lithium-ion JV in Germany

    By Eric Loveday
    Posted Oct 2nd 2011

    Taking lithium-ion batteries to heights never before reached is the goal of EnerSys and GAIA. The dynamic duo just entered into a definitive agreement to launch a large-format lithium-ion battery cell joint venture in Germany, where the focus will be on developing power storage devices for aerospace, naval, defense and other "specialty" high-power applications.
     
    EnerSys will retain a majority interest in the joint venture in cooperation with GAIA Akkumulatorenwerke GmbH (NASDAQ:GAIA), a wholly owned subsidiary of Lithium Technology Corporation (NYSE:LTC).
     
    The joint venture will make use of LTC's "intellectual property" and its lithium-ion manufacturing facility located in Nordhausen, Germany. It's anticipated the joint venture will kick off operations some time this month.
     
    Under terms of the agreement, a division has been formed, EAS Germany GmbH, which will focus solely on the development and production of lithium-ion based solutions for space, naval, marine and renewable energy applications for EnerSys.
     
    EnerSys to Launch a Lithium-Ion Battery Joint Venture in Germany
     
    READING, Pa., Sept. 28, 2011 /PRNewswire/ -- EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today it has entered into a definitive agreement to launch a joint venture in Germany to produce large format lithium-ion battery cells.
     
    EnerSys will have a majority interest in the joint venture in cooperation with GAIA Akkumulatorenwerke GmbH ("GAIA"), a wholly owned subsidiary of Lithium Technology Corporation ("LTC"). The joint venture will include LTC's contribution of certain intellectual property, and its lithium-ion manufacturing capability located in Nordhausen, Germany. It is anticipated the joint venture will commence operations in October 2011.
     
    EnerSys and GAIA have had a distribution agreement for the past three years. This joint venture will expand the relationship between the two companies. A new company has been formed, EAS Germany GmbH, which will further the development and production of lithium-ion based solutions for space, naval, marine, renewable energy and specialty high power applications for EnerSys. The joint venture will also provide certain products to LTC for their customers in the transportation sector.
     
    "This joint venture presents several benefits to EnerSys," commented John Craig, chairman, president and chief executive officer of EnerSys. "It represents our fourth investment in advanced lithium based batteries to support our global customers and business. Additionally, we will now have three focused plants in Germany producing advanced lithium, nickel and lead-based products to provide our customers the best energy storage solution for their applications."
     
    Fred Mulder, Chairman of LTC, explained "Our proven product and process technologies are widely respected by our customers and this joint venture with EnerSys will allow for additional investment as well as sales and distribution support for the industrial markets worldwide. Separate from the joint venture with EnerSys, LTC will continue promoting the development of our solutions for the transportation industry."
     
    About EnerSys: EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Motive power batteries are utilized in electric forklift trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunication and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions including aerospace and defense systems. The company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world."
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    Stocks: LIT, SQM, FMC, ROC, F, GM, TSLA, CAR, TM, FCX, TCK, RIO, ABAT, HEV, VLNCQ, AONEQ
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