Boston-Power to Build One of the World’s Most Advanced Battery Manufacturing Facilities in Massachusetts.

June 1, 2009 – Vol.14 No.11

Boston-Power to Build One of the World’s Most Advanced Battery Manufacturing Facilities in Massachusetts.

The state-of-the-art facility to be built in Auburn, Massachusetts would enable the company to meet the demand for eco-certified lithium-ion batteries for plug-in hybrid and battery electric vehicles, notebook PCs and national security applications.

Massachusetts state officials are working closely with Boston-Power to pursue state and federal financial incentives that will help the company to fulfill its plans of building the Auburn facility. With support from Massachusetts officials, Boston-Power is seeking approximately $100 million under the U.S. Department of Energy’s advanced battery and cell manufacturing grant program established as a part of the American Recovery and Reinvestment Act.

The company is also pursuing funds through a proposed program allocation in the FY10 federal budget under the Defense Production Act, which encourages the building of manufacturing facilities in the United States that are important for national security reasons. Currently, nearly all lithium-ion batteries in the world are manufactured in Asia. Massachusetts will offer up to $9 million in matching financing to support the company’s planned manufacturing operation in Auburn.

Extending the world-class mass manufacturing capabilities Boston-Power already operates in Greater China, the 455,000 square foot Auburn facility would add 600 new jobs at Boston-Power and as many as 2,000 more indirectly through the extended supply chain.

The Auburn location near Boston provides ready access to internationally recognized colleges and universities, unparalleled innovation, a large and diversified workforce and an established business infrastructure. (6/1/09)

Links:

Boston-Power
http://www.boston-power.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No