A123 Energy Solutions Announces New 2.8MWh Grid Storage Solution™ Contract Win

  A123 Energy Solutions Announces New 2.8MWh Grid Storage Solution™ Contract
  Win

             IHI Corporation will deploy 1MW/2.8MWh GSS™ in Japan

Business Wire

WESTBOROUGH, Mass. -- January 29, 2014

A123 Energy Solutions, a leading provider of advanced energy storage systems
for utility grid and commercial applications, announced today that it will
supply, install, and commission a 1MW, 2.8MWh GSS™ to IHI Corporation. IHI
Corporation is one of the largest industrial equipment manufacturers in Japan
and makes products for a diverse set of markets including aerospace, energy,
social infrastructure, and heavy machinery. The GSS is currently in the
process of being installed at an IHI factory located in the Tohoku region of
Japan.

Once operational, the GSS will be used to integrate a large PV solar
generation array co-located at the facility and help reduce the factory’s
overall load, which will in turn help ease the strain on Japan’s grid which
has been in rebuilding mode since the 2011 Eastern Japan earthquake.

“This new contract win proves that A123 Energy Solutions has recovered, is
open for business, and is poised for growth,” stated Bud Collins, President of
A123 Energy Solutions. “While last year was a challenging one, we were still
able to successfully install and commission several sites around the world.
This new project in Japan helps us begin the year with a new win, and we
expect to continue this trend and grow the business.”

The Grid Storage Solution™, or GSS, will utilize the company’s Long Duration
Grid Battery System (GBS-LD), a standard but flexible grid energy storage unit
accommodating configurations that range from as little as 100kW to 4MW. The
GBS-LD can be packaged in standardized 20-foot, 40-foot, and 53-foot long
containers, custom enclosures, or in pre-existing buildings. Utilizing A123
Systems Nanophosphate® prismatic cell technology, up to 100MW and 100MWh of
energy storage can be deployed onto a single acre of land, providing a
superior combination of service life, power output, safety, and reliability.

About A123 Energy Solutions

A123 Energy Solutions, a division of A123 Systems LLC and a part of Wanxiang
Group, develops and manufactures advanced batteries for electric grid, backup
power and lead-acid replacement applications based on A123 Systems
Nanophosphate® lithium ion technology. As an industry leader in energy storage
system integration focusing on high performance, efficient, safe and reliable
battery systems, A123 Energy Solutions utilizes a state-of-the-art development
center and ISO 9001-2008 certified facilities to design and manufacture
advanced battery systems ranging from small industrial batteries to massive
grid-scale energy storage systems. Its megawatt-scale Grid Storage Solutions™
have been successfully operated in commercial revenue service since 2009
around the world, and have to date reached over 100MW deployed. In commercial
and specialty batteries, it provides energy storage solutions to fit the needs
for telecom, IT backup, datacenter, medical, lead-acid replacement and other
industrial applications. For more information, please visit
www.a123energy.com.

Contact:

A123 Energy Solutions
Roger Lin,508-497-7261
rlin@a123systems.com
 
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