Cecil-Bound Manufacturer Gets $95 Million

Started by untarded, August 05, 2009, 12:59:31 PM

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BridgeTroll

#1
August 05, 2009, 01:09:14 PM
This is good news!

QuoteJACKSONVILLE, Fla. -- A French company that announced plans in May for a "factory of the future" to build high-technology batteries at Cecil Commerce Center has received a $95 million grant from the U.S. Department of Energy.

Saft America, Inc. is planning to produce of lithium-ion cells, modules, and battery packs for industrial, military and agricultural vehicles and storage of renewable energy. Company executives said the $200 million plant could employ up to 800 workers within three years.

In making the announcement, Saft officials said they could move ahead with the Cecil facility only if the company received the grant.

President Barack Obama announced $2.4 billion in energy grants during a visit Wednesday to a recreational-vehicle plant in northern Indiana. The money will be split among nearly 50 projects in 25 states, with the biggest shares going to Indiana and Michigan to create job opportunities in the automotive sector.

Of the new grants, $1.5 billion will go to the production of batteries and their components; $500 million will go for other components needed for the cars, like electric motors; and $400 million will go toward plug-in hybrid cars, training for technicians and related costs.
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."
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