GE (NYSE:GE) Lands $63 Million in New Battery Orders

Modern Energy Roundup - September 20, 2012

Written by Green Chip Stocks
Posted September 20, 2012 at 1:25PM

General Electric (NYSE:GE) announced yesterday that its new Energy Storage Unit has landed $63 million in new Durathon battery orders since that particular unit launched in July. In its first weeks of operations, it secured 10 new telecom customer orders in Africa, Asia and the US. These batteries will power more than 3,500 cell towers.

As supporters of the new energy economy, we understand the importance of cost-effective energy storage technologies. And while there are plenty of opportunities out there, GE will remain aggressive. There's just too much at stake for this global behemoth not to.

The batteries that will power those 3,500 cell towers can function in a variety of extreme conditions and store as much energy as lead-acid batteries twice its size, while lasting up to ten times longer.

In other energy storage news, a small UK company called Atraverda, Ltd. just secured its first commercial battery order in the US. The company announced yesterday that it finalized a supply agreement with ZENNRG to supply batteries for a smart grid, distributed energy storage application. The first year of the supply agreement is worth about $1.2 million.

ZENNRG is a Texas-based firm that develops, manufactures and sells energy storage modules for distributed storage markets.

Atraverda produces Bipolar Valve Regulated Lead Acid batteries using a proprietary conductive ceramic technology that results in greater energy efficiencies at lower costs. As well, the construction of these batteries requires 40 percent less lead than traditional lead-acid batteries.