A123 Systems’ recent agreement with a Chinese conglomerate has spurred concerns that the Waltham battery maker could lose control of its technology and business, but some analysts say the potential $465 million deal could open a vast and rapidly growing market that might ultimately save the struggling Massachusetts firm.
Demand for advanced batteries in China is projected to nearly double by 2016 to $9.2 billion, and US companies that partner with Chinese firms will have key advantages, namely access to the government agencies and companies that their Chinese counterparts do business with, according to Lux Research Inc., a Boston company that analyzes emerging technologies.
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Dear Erin: I have a story idea for your consideration. I think rate and taxpayers, as hostage investors in the below "green" companies, should be updated on the health of these companies. I wonder, when is a a good time to disclose MA Public Officials' financial interests? A123's Karma car batteries resulted in the recall of 239 Fisker Karma cars. A123 shareholders have taken up a class action lawsuit against A123, and have lost their money. MA Clean Energy Center, Founding Chairman Ian Bowles, gave A123 a $5 million forgivable loan, and the DOE kicked in $249 million more. The intellectual property US citizens have paid for is now China's, a repeat in MA with American Superconductor. Let's start with EnerNOC. The former VP, is our former Assistant Executive Secretary. Wasn't EnerNOC awarded 20% of the state's stimulus funding while the Assistant Secretary held office. Does he hold stock in EnerNOC? Inquiring investors wish to know. Where are the jobs? How's our "green" portfolio doing? A SECOND RESTRUCTURING Secretary of Energy and Environmental Affairs Ian Bowles Restructuring Roundtable December 17, 2010 "…Governor Patrick has said many times, if we get clean energy right, the world will be our customer. It is happening, right before our eyes. Earlier this week, I convened a meeting of the CEOs of a couple dozen Massachusetts clean energy companies – and every one of those companies is growing. Companies like EnerNOC, a leader in demand response that is building out an exciting suite of energy management services and taking them across the country. Companies like Second Wind, which is manufacturing innovative wind measurement systems, and partnering with WindPole Ventures, another Massachusetts company, to establish a pilot wind measurement network in southeastern Massachusetts. TPI Composites, a leading manufacturer of wind turbine blades, is opening an R&D center in Fall River, in part to be in proximity to the Wind Turbine Testing Center now under construction in Charlestown, with support from U.S. Department of Energy. With help from the Massachusetts Clean Energy Center, Beacon Power, A123 Systems, and Premium Power are expanding their Massachusetts operations as they lead the way in innovations for electric vehicles, grid storage, and other energy storage needs. And Flo-Design, a company that has won awards and DOE funding for its innovative shrouded turbine design, has set up its corporate headquarters here, and will manufacture its first turbines here in Massachusetts. That will be the fruit of the second restructuring of the electricity market in Massachusetts. The laws we have in place have given us the framework, but we are still learning how to use that framework to greatest effect – and to get us where we want to go. I can promise you that I will continue to work toward that goal in my new life in the private sector. And I hope I can count on all of you to work with my worthy successor,Rick Sullivan, to
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