20 Jan '12, 8am

EV Maker Coda Launches Energy Storage Business: Electric vehicle startup Coda has spent the past year making p...

EV Maker Coda Launches Energy Storage Business: Electric vehicle startup Coda has spent the past year making p...

Electric vehicle startup Coda has spent the past year making plans to bring its battery expertise to the grid-scale energy storage market. On Friday it made those plans official with the launch of Coda Energy . Now comes the task of building megawatts of lithium-ion-battery-based grid storage for a market that’s still very challenging, all while competing with rival companies, including other EV makers, that have the same idea. While Coda Energy hasn’t named any customers yet, lithium-ion battery maker A123 has about 100 megawatts of grid storage being built around the world, and fellow Chinese EV maker BYD recently launched one of the world’s largest (36-megawatt) grid energy storage facilities in China last month. Still, Coda has some bona fides behind its grid storage push, including its joint venture with big Chinese battery maker Lishen, into which the two companies p...

Full article: http://www.greentechmedia.com/articles/read/ev-maker-coda...

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Coda Enters Energy Storage Market - Electric vehicle startup Coda has spent the past year making plans to bring its

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