July 2nd, 2009 12:57 PM by Heather Brown
Valence announced it wants to build a battery manufacturing facility in Leander. The proposed facility will be more than 1.5 million square feet and will employ about 4,000 people.
The implications of this project on the psychology of business in central Texas and alternative energy is huge. This will enable Central Texas to move to the next level of economic evolution.
it's the evolution of green and alternative energy at the highest level. It's lightweight batteries powering heavy machines, making these machines lighter yet still powerful. It's a jump int future technology for Segways, golf carts and even automobiles and double decker buses.
Ross Goolsby, the Valence CFO says, " We're about two or three years away from seeing automobiles powered by our battery everyday on the road here in the United States". "This year we may see a few Fed Ex trucks in New York that are powered by these batteries.
Valence has submitted a grant application to the U.S. Department of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative. The facility would cost nearly $600 million.
The batteries are lithium iron magnesium phosphate batteries (LiFeMgPO4), which is the power of lithium combined with the safety of phosphate. Valence develops and manufactures advanced LiFeMgPO4 materials, designs and manufactures programmable lithium iron magnesium phosphate packs and provides application engineering integration services.
Valence currently has a manufacturing facility in China that produces batteries worldwide for Segways used for civil service in Italy and double decker buses in London. The company is also in the core market segments for energy storage solutions for motive, stationary, industrial and military uses.
The 20 year old company is headquartered in Austin.
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