ABC goes with 123, spends $15m USD

The United States Advanced Battery Consortium (USABC), an organization composed of DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation, today awarded a $15M USD lithium iron phosphate battery technology development contract to A123Systems of Watertown, Mass.

USABC awarded the contract in collaboration with the U.S. Department of Energy (DOE) to develop lithium iron phosphate battery technology for hybrid-electric vehicle applications.

The contract is for 36 months with a focus on systems that are high-power, abuse-tolerant and cost effective.

USABC is a consortium of the United States Council for Automotive Research (USCAR).

Supported by a cooperative agreement with the DOE that provides up to 50 percent of the USABC budget, USABC's mission is to develop electrochemical energy storage technologies that support commercialization of fuel cell, hybrid and electric vehicles.

The new contract is A123Systems' first with USABC.

The Jackson Five did not return calls by press time.

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