GE to Invest $100M+ in New York Battery Plant
General Electric has announced that it plans to build a new battery factory in upstate New York with an "initial investment" of $100 million and additional funds requested under the stimulus package. First up for the New York plant, if all of the financing comes through: batteries for hybrid freight trains. It's looking at providing energy storage devices for other applications including utilities, telecoms and load leveling for the smart grid. At full capacity, the new plant is designed to produce 10 million battery cells, or about 900 MW-hours of energy storage per year.
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