Firefly Breathes New Life into Lead Acid Battery Design and Scores $10 Million
November 30, 2006
With all the buzz about newfangled battery technologies and lithium battery laptop explosions, wherefore the quaint old lead acid battery?
Peoria, IL-based Firefly Energy just announced that it will have an innovative carbon-graphite foam, lead-acid battery ready for production by the fourth quarter of 2007, following the announcement that the Caterpillar spin-off has completed a $10 million Series B equity round of financing, led by Milwaukee-based Stark Investments and including Caterpillar, KB Partners, the Illinois Finance Authority and the Tri-County Venture Capital Fund.
The Firefly Energy battery, which introduces the first significant improvement on lead acid battery technology in more than 150 years, is currently under development for use by the U.S. military and by lawn and equipment giant Husqvarna. After its initial production, Firefly will work to develop their advanced batteries for hybrid electric vehicles and hybrid trucks.
When compared to the current generation of lead-acid batteries, the Firefly Energy battery boasts:
- four times greater power density or less than 1/4 the weight
- double the life expectancy
- seven times faster recharge rate
- environmentally safer, using 80 percent less lead
The battery also supposedly has 1/10th the manufacturing cost of nickel metal hydride and lithium ion options.
Tags: firefly energy, green technology, lead acid batteries, marc robins, rcg
Search Technorati: firefly energy, green technology, lead acid batteries, marc robins, rcg
- Related Entries
- Cisco on the Hunt for VoIP Marketing Experts - Apr 05, 2007
- Off to VON Tomorrow - Mar 19, 2007
- GotVoice Helps Usher In A New Era for Voice Mail - Mar 19, 2007
- It's "Prime" Time for Skype - Mar 11, 2007
- Radio 2.0 Under Assault - Mar 07, 2007
- More on the Time Warner Wholesale Interconnection Decision - Mar 06, 2007
- My Vista Experience, Part Two - Mar 05, 2007
- Second Life Trials Voice Chat - Feb 28, 2007
- Costco Amends TV Return Policy - Feb 27, 2007
- Where Art Thou, Cheap Compact Candelabra Base Fluorescent Bulbs? - Feb 26, 2007
- Funding/Investments » Firefly Breathes New Life into Lead Acid Battery Design and Scores $10 Million
- Green Technology » Firefly Breathes New Life into Lead Acid Battery Design and Scores $10 Million
- Related Entries
- Cisco on the Hunt for VoIP Marketing Experts - Apr 05, 2007
- Off to VON Tomorrow - Mar 19, 2007
- GotVoice Helps Usher In A New Era for Voice Mail - Mar 19, 2007
- It's "Prime" Time for Skype - Mar 11, 2007
- Radio 2.0 Under Assault - Mar 07, 2007
- More on the Time Warner Wholesale Interconnection Decision - Mar 06, 2007
- My Vista Experience, Part Two - Mar 05, 2007
- Second Life Trials Voice Chat - Feb 28, 2007
- Costco Amends TV Return Policy - Feb 27, 2007
- Where Art Thou, Cheap Compact Candelabra Base Fluorescent Bulbs? - Feb 26, 2007
Listed below are links to sites that reference Firefly Breathes New Life into Lead Acid Battery Design and Scores $10 Million:
Trackback Pings
TrackBack URL for Firefly Breathes New Life into Lead Acid Battery Design and Scores $10 Million:
http://blog.tmcnet.com/mt3/t.fcgi/30944