International Battery Honored by AlwaysOn as a GoingGreen East Top 50 Company
Large Format Lithium-Ion Batteries Perfect Fit for Energy Storage Category
International Battery (www.internationalbattery.com), a U.S. manufacturer and developer of large-format lithium-ion rechargeable batteries, today announced that it has been chosen by AlwaysOn as one of the GoingGreen East Top 50 Private Companies. The company was one of five winners chosen in the Energy Storage Systems category.
“We are honored to receive this award and to be recognized by AlwaysOn for the great strides our large-format lithium-ion batteries are making in the marketplace”
.International Battery’s large-format lithium-ion prismatic cells are focused on applications “when energy really matters.” These applications include both distributed and bulk energy storage up to and beyond five MWh, hybrid cars, trucks and buses and many other commercial and military applications. Large-format cells are the right building block for these large scale energy storage projects and have many benefits including reduced system costs and increased efficiency.
For example, International Battery is currently partnered with S&C Electric on a Community Energy Storage project to provide American Electric Power and its customers many benefits, including load leveling, back-up power, support for plug-in electric car deployment as well as grid regulation and improved distribution line efficiencies. As more renewable energy sources such as wind and solar are integrated into the smart grid, managing and storing energy is essential due to the intermittent nature of these power sources.
“The GoingGreen East Top 50 winners have excelled in key strategic areas in the global clean energy technology markets,” said Tony Perkins, founder and CEO of AlwaysOn. “We congratulate the winners for their success in introducing new tools, services, and systems that are driving the next phase of greentech innovation and transforming the biggest industries on earth.”
The criteria for selecting the Top 50 winners included market size, disruptive potential, solid management team and product feasibility. This year, given the depressed economy and limited resources, another key element was adaptability.
A full list of all the GoingGreen East Top 50 winners can be found on the AlwaysOn website at: alwayson.goingon.com/permalink/post/34471. For more information on International Battery’s advanced technology batteries, please visit: www.internationalbattery.com or call 610-366-3925.
About International Battery
Headquartered in Allentown, Pa., International Battery is a U.S. manufacturer, designer, and developer of large-format lithium-ion rechargeable cells and batteries for use in a wide range of transportation, industrial, electric utility, smart grid and military applications, employing a uniquely environmentally friendly manufacturing process.
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, OnDC, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
In addition to historical information, this release may contain forward-looking statements. International Battery may, from time-to-time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass International Battery’s beliefs, expectations, hopes or intentions regarding future events. Words such as "expects," "intends," "believes," "anticipates," "should," "likely" and similar expressions identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to International Battery as of such date. International Battery assumes no obligation to update any forward-looking statement. Actual results may vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of reasons.