Energy storage systems joint venture formed

The Dow Chemical Co. (NYSE: DOW) and Ube Industries Ltd. (Ube) formed a joint venture to manufacture and market formulated electrolytes for lithium-ion batteries used in energy storage systems.

The venture, named Advanced Electrolyte Technologies LLC, is expected to be finalized later in 2011 pending regulatory approval. It will allow Ube to strengthen its global supply network and improve cost competitiveness for the technology outside of Japan.

The joint venture’s first manufacturing facility is expected to be built at Dow’s Michigan Operations’ site in Midland for startup in 2012.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...