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EnerDel lands $118 million stimulus grant

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EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant from the federal government.

President Obama is in Elkhart today to announce $2.4 billion in taxpayer-funded grants to create electric cars and, possibly, thousands of jobs.

Indiana was a big winner, with seven parties receiving stimulus funds. Only Michigan had more recipients.

Besides EnerDel, grants will go to Kokomo-based Delphi Automotive Systems LLC ($89.3 million), Indianapolis-based Allison Transmission ($62.8 million), Anderson-based Remy Inc. ($60.2 million) and Purdue University ($6.1 million).

Grants going to companies in other states could also help Indiana employers. Michigan-based Magna E-Car Systems of America Inc., which has a manufacturing plant in Muncie, got $40 million, and Illinois-based Navistar Inc., which has a plant in Elkhart County, received $39.2 million.

Those receiving awards need to match the amount of the federal grant. EnerDel, for instance, will have to raise $118.5 million.

"It's really exciting that the administration is focusing on this today; it's really exciting for us," an EnerDel spokeswoman said as the awards were being revealed late this morning.

EnerDel also is in the running for as much as $480 million in financing under a U.S. Department of Energy program aimed at fostering advanced vehicle manufacturing. The growth plan laid out in the application calls for boosting employment from 150 now to 3,000 within five years.

EnerDel is among a growing number of companies pinning their hopes on the production of automotive lithium-ion batteries, which are lighter and more powerful than the nickel-metalhydride batteries used in the Toyota Prius and other hybrids now on the market.

Of the federal grants announced today, $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.

 

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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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