Press Release
Lithium-Ion Battery Maker EnerDel Enters Utility Energy Storage Market, Will Supply New DOE-Backed Smart Grid Program
a variety of both hardware and software solutions to improve system reliability during peak demand loads.
The PGE project will be built in Salem, OR, where it will serve both residential and commercial customers. Equipment will be installed at 15 sites over the next two years, after which developers will spend two to three years testing system performance under wide variety of geographic and meteorological conditions. It is one of 16 announced by DOE, which is providing half the $178 million funding through the American Recovery and Reinvestment Act, the federal stimulus package enacted in February. The balance will come from utilities and other participants. Overall, the Northwest regional program will serve up to 60,000 utility customers in Idaho, Montana, Oregon, Washington and Wyoming.
EnerDel is part of Ener1, Inc. (Nasdaq: HEV). Based in Indianapolis, IN, the company has one of the most advanced lithium-ion battery manufacturing facilities in the world, and the only one of its kind in the United States.
About Ener1, Inc.:
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