A123 systems in Watertown, which makes lithium ion batteries is planning to open a third Massachusetts location to serve its growing electric grid battery operation. A123 systems expects to make 30% of its revenues longer term from electric grid products, with the remainder coming from batteries for the transportation industry. Currently, the firm is producing batteries for Chrysler, Navistar, BMW and Eaton Corporation.

 

The expansion in Massachusetts comes as a result of a $5 million loan awarded by the Massachusetts Clean Energy Center and will enable the firm to add over 250 jobs over the next 4 years.

 

http://www.masshightech.com/stories/2010/06/14/daily39-A123-planning-third-battery-tech-RD-site-in-Mass.html