26 Oct '12, 9pm

Report: Fisker asks bankruptcy judge to delay A123 asset transfer to Johnson Controls

' "They got way ahead of the market they needed to sell into,” Howard Battery Consulting’s W.F. Howard, an authority on lithium-ion batteries, said. “It was not the lithium-ion technology, it was the business part.” There may have been another factor working against A123, a dean of energy storage who asked not to be named observed to GTM on the conference sidelines. “The American auto industry chose energy density over safety and lifecycle capacity.” Companies with bigger backing and bigger names won contracts, he said, despite the fact that their batteries are not as safe or as durable. Energy storage is always, he explained, a choice between power, energy, lifecycle capacity and cost. New companies like A123 and Altairnano (FRA:AWVN) target qualities that will raise brand bankability. Battery industry majors like LG Chem (PINK:LGCLF) and Panasonic (NYSE:PC) produce batte...

Full article: http://green.autoblog.com/2012/10/26/fisker-asks-bankrupt...

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