VP Biden Attends Dow Kokam Groundbreaking 6-21-2010 - WNEM TV 5

VP Biden Attends Dow Kokam Groundbreaking 6-21-2010

Vice President Joe Biden attended a groundbreaking ceremony in Midland for an advanced battery manufacturing facility being built by a Dow Chemical Co. joint jenture.
Beforehand, Biden told reporters on Monday that the 80,000-square-foot Dow Kokam plant "is the beginning of a revolution in the production of energy in this country."
The joint venture was given a $161 million grant to build the lithium polymer battery technology manufacturing plant.
Uncut: VP Biden At Dow Kokam Groundbreaking
According to Dow Kokam CEO Ravi Shanker, the new facility will enable the company to bring to market the most reliable and consistent energy solutions for its customers.
"We’re making history today for Michigan and for the adoption of alternative energy by the automotive industry,” said Shanker. “In just nine short months, Dow Kokam has moved from formation to construction of a manufacturing facility to meet the needs of the next generation of the auto industry.”
When complete, the facility will employ nearly 800 people, and have the capacity to manufacture 1.2 billion watt hours of large-format affordable lithium-ion batteries -- enough to power 60,000 fully electric or hybrid electric vehicles annually.
How Dow Kokam's Batteries Are Made
Development of the facility will provide more than 1,000 regional construction jobs, according to officials.
Representatives from Midland-based Dow Chemical and Dow Kokam, Gov. Jennifer Granholm and U.S. Sens. Carl Levin and Debbie Stabenow were in attendance.
Uncut: Granholm Speaks At Dow Kokam Ceremony
Biden's appearance is part of a six-week focus on economic recovery act infrastructure projects nationwide. The grant was part of $2.4 billion announced in August to develop next-generation electric vehicles and batteries.
Dow Kokam said it isn’t hiring at this time, but will provide information on employment positions at a later time.
The facility is expected to begin production in 2012.
About Dow Kokam’s Advanced Lithium-Ion Batteries:
Prismatic lithium-ion batteries, to be produced in Midland, Michigan, will provide greater volumetric and gravimetric energy density than other battery technologies, and store up to three times more energy than nickel metal hydride (NiMH) batteries currently used in most hybrids.
Large-format battery cells made with Dow Kokam’s technology have over 10 years of proven operations life, while its pack design capabilities have been proven in more than 1 million kilometers of rigorous, on-the-road testing. Dow Kokam batteries have been adopted as the primary power source for equipment in industries ranging from transportation, marine, aerospace, defense and high‐end industrial products.
“From the next generation of hybrid vehicles, to unmanned military ground and air vehicles and high-end industrial products, Dow Kokam’s robust lithium-ion technology sets the pace for advanced battery systems in today’s demanding applications,” said Shanker.
About Dow Kokam:
Dow Kokam brings technologically advanced and economically viable battery solutions to the transportation, defense, industrial and medical industries. Uniting Dow, TK Advanced Battery and Dassault SVE creates the first battery and energy management systems manufacturer to combine viable, scalable large-format battery technology with the market franchise, manufacturing expertise and market knowledge necessary to become the clear partner of choice across industries.
Dow Kokam was established in 2009 to develop and manufacture advanced energy storage technologies for the transportation and other industries. The company is owned by The Dow Chemical Company, TK Advanced Battery LLC and Groupe Industriel Marcel Dassault.
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