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Axion Power Receives PA Grant to Develop Storage System for Smart Grid Technology

Axion Power International, Inc., the developer of advanced lead-carbon PbC batteries, has been awarded a $248,650 grant from the Pennsylvania Energy Development Authority to assist in the development and deployment of an Axion PowerCube battery energy storage system.

The 500 kW PowerCube will be built and installed at Axion’ New Castle battery manufacturing facility and will be designed to enhance a Smart Grid electrical distribution system, including a future solar-powered electric vehicle charging station and a potential wind-powered energy system.

The grant funds will be used to purchase a power conditioning system for the PowerCube from Eaton Corporation as well as other ancillary design and installation costs. The PowerCube can be configured with an Envision Solar CleanCharge solar-powered electric vehicle charging station and designed to also allow future integration of a wind turbine system. Axion has an established business relationship with Envision Solar, a company that has deployed solar energy generating systems at UC San Diego, several McDonald’s franchises and other high-profile commercial sites around the country.

The $248,650 grant is part of $1.5 million in Pennsylvania state grant aid that is dedicated to “innovative green energy projects” announced recently by Gov. Edward G. Rendell.

Axion recently completed a private placement for total gross proceeds of $26,081,490, which will be used to add needed electrode production lines and for working capital. (Earlier post.)

Comments

Engineer-Poet

Less than fifty cents a watt for the full system (assuming the grant covers the entire cost).  Not too bad.  And this is another company working on carbon electrodes, apparently moving faster than Firefly Energy.

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