ADVFN - Advanced Financial Network.
HOME» NASDAQ » E » HEV Stock Price » HEV Stock News

Ener1 Share News

 Ener1 (mm) Stock Price
HEV Stock Price
 Ener1 (mm) Stock Chart
HEV Stock Chart
 Ener1 (mm) Stock News
HEV Stock News
 Ener1 (mm) Company Information
HEV Company Information
 Ener1 (mm) Stock Trades
HEV Stock Trades

Ener1 To Enter Utility Energy-Storage Market, Inks Deal

DOW JONES NEWSWIRES Ener1 Inc. (HEV) announced it will enter the utility-scale energy- storage market, supplying batteries for a new federal smart-grid program. The U.S. Department of Energy on Tuesday unveiled 16 projects would get federal funding. One is a Pacific Northwest team including Portland General Electric Co. (POR) to conduct a regional smart-grid demonstration project designed to expand upon existing electric infrastructure and test new smart-grid technology with up to 60,000 customers in five states. Ener1 will build the batteries for five one-megawatt power systems that will be used by Portland General "to help manage peak demand and smooth the variations in power from renewable sources like wind and solar." Shares of the rechargeable-battery maker closed Tuesday at $5.42 and were inactive premarket. The stock is down 24% this year. Ener1 earlier this month said its third-quarter loss widened as higher research and development costs and other expenses offset sharply higher sales. -By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354;

Stock News for Ener1 (HEV)
No Recent News Available

Ener1 and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations