AllCell Receives $460K Li-ion battery manufacturing grant Through Illinois Energy Plan
07 October 2011
Illinois-based Li-ion manufacturer AllCell Technologies, LLC received a $460,433 grant as part of the Illinois Energy Plan. AllCell plans to increase production capacity for lithium-ion batteries at the company’s manufacturing facility in Chicago’s Back of the Yards neighborhood.
AllCell Technologies offers customized thermal management solutions and battery packs for high power lithium-ion based systems in applications such as hybrid and electric automotives and light electric vehicles (i.e. electric scooters, electric bikes, and neighborhood electric vehicles). Their patented phase change material (PCM) surrounds each lithium-ion cell to absorb and conduct heat away from the battery, effectively doubling the life of the cells and preventing fire or damage to the battery. The PCM technology spun-out from Illinois Institute of Technology and AllCell developed its products as the first tenant in the state-funded incubator at University Technology Park at IIT. (Earlier post.)
The grant, plus matching funding from Townsend Capital, will also support the installation of a large array of solar panels on the building roof as well as major weatherization and energy efficiency improvements.
According to AllCell co-founder and CEO Said Al-Hallaj, the state’s support was well-timed.
“We recently transitioned from developing our technology to building and selling commercial battery packs for e-bikes, e-scooters, and smart grid energy storage. The market response to our products has been incredibly enthusiastic, and this funding will allow us to grow our business much more rapidly than we would have been able to on our own, while simultaneously reducing our energy bills and carbon footprint.—Al-Hallaj
This company has been talking about this since 2006, its about time.
Posted by: Herm | 07 October 2011 at 11:11 AM