cleantech insights

Storage: Week in Review

Alon Gavrielov

There has been some exciting activity over the past two weeks in energy storage.  Dow Chemical announced that they are forming a joint venture with Ube Industries called Advanced Electrolyte Technologies which will produce formulated electrolytes for lithium-ion batteries.  In addition, Xtreme Power, a developer of grid-storage solutions raised $16 million in additional venture funding.  Please see the below for more information and additional news.

M&A/ Partnerships/Investments:

Arista Power, a developer and manufacturer of renewable energy power storage and management systems, has entered into a strategic partnership with Helios Solar Works, a manufacturer of solar modules. Under the agreement, Helios will manufacture and supply solar panels to Arista Power for use in its products and for resale. In addition, Helios will refer to Arista Power solar opportunities that include an energy storage component, and Arista Power will be a distributor of Helios’s products to the U.S. military.

Dow Chemical Co. is forming a joint venture with Tokyo-based Ube Industries Ltd. to make formulated electrolytes for lithium-ion batteries.  The 50-50 JV, named Advanced Electrolyte Technologies LLC, plans to set up its first manufacturing facility at Dow’s Midland headquarters, with startup scheduled in 2012.

SOLON Corporation announced …