A123 Systems (AONE) gains 6.5% after scoring a deal to provide its Grid Battery System to...

|About: A123 Systems, Inc. (AONEQ)|By:, SA News Editor

A123 Systems (AONE) gains 6.5% after scoring a deal to provide its Grid Battery System to Hawaiian utility Maui Electric. The system is designed to provide 1MW of power for an hour, so as to reduce the peak energy load for one of Maui's transformers. 27.7% of A123's float was shorted as of Nov. 30.