Study suggests cap and trade programs do not provide sufficient incentives for energy technology innovation; implications for climate policy
Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Li-ion maker International Battery shuts down

Express-Times. Li-ion manufacturer International Battery (earlier post) shut down recently, citing its inability to turn a profit. The company said it would sell its assets and technology and use that money to pay creditors.

The Morning Call reported the company also owes Pennsylvania more than $2 million; state lawyers are initiating efforts to recover some of the debt.

State officials are also in discussions with the company regarding a project for which International Battery received an $800,000 grant in 2010. That project has not been completed.

Comments

Reel$$

Too many competitive suppliers.

HarveyD

Wrong place at the wrong time?

SJC

It looks like they were making packs for UPS systems and not vehicles. If you are in the wrong market, no amount of good will can carry you through.

ToppaTom

" the company also owes Pennsylvania more than $2 million; state lawyers are initiating efforts to recover some of the debt."

and "received an $800,000 grant in 2010. That project has not been completed."

Prima facie evidence that they have been donating money to the Republican Party - Bad move.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)