Newsletter

In: Business and Management

Submitted By meta1
Words 1989
Pages 8
Summary:

For the February 14th issue of NAATBatt’s Advanced Battery Weekly, we highlight recent sector activities.

The NAATBatt, U.S. and Asia Indices increased 2.7% w/w, 3.8% w/w and 3.2% w/w, respectively. The S&P 500 and Russell 2000 grew 3.3% w/w and 2.2% w/w, respectively.

Key Highlights:

• Maxwell Technologies announced it is supplying ultracapacitor-based Engine Start Modules (ESM) to Idle Free Systems to provide cranking power for a new anti-idling system. The Work Truck No Idle Heat System™ could provide up to eight hours of interior cab heat with the truck engine turned off.

• The Chinese Ministry of Finance in a joint statement with the Chinese National Development and Reform Commission and the Chinese Technology and Industry ministries announced plans to provide more subsidies for electric vehicles (EVs) than previously announced. China will support the promotion of new-energy vehicles in a second batch of cities and regions, including the northeastern provinces of Jilin, Liaoning and Heilongjiang.

• XL Hybrids was named by Fast Company publication to its 2014 Ranking of World’s 50 Most Innovative Companies. XL Hybrids was ranked 3rd in the ‘Innovative Companies in Energy’ section trailing Tesla Motors and General Electric.

• Sumitomo has developed and installed a large-scale power storage system that utilizes used electric vehicle (EV) batteries. The commercial scale storage system, built on Yume-shima Island, Osaka, will begin operating in February 2014.

• Areva SA and Schneider Electric SA have signed a partnership to develop energy storage solutions based on hydrogen fuel cell technology. The companies will combine their expertise to create energy storage solutions that improve the reliability of electricity grids in isolated areas.

• Malaysia Prasarana Transit announced that BYD has won the bid to…...

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