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Indy Power Systems technology cited by Discovery magazine

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He started out to make an electric car and wound up with a device to blend and regulate power among different types of electric batteries.

It’s not as exciting as a car, but the gadget developed by Steve Tolen’s Indy Power Systems wound up the 19th slot in the top 100 stories of 2009 by Discover magazine.

Noblesville-based Indy Power was lumped in with other transformative battery technologies to power the car of the future, along with work on a five-minute battery-charging technology by a team from Massachusetts Institute of Technology.

Discover credited Indy Power’s device for its ability to blend power produced by high-performing-but-expensive lithium-ion batteries and less-expensive-but-heavy lead-acid batteries and other types of batteries, “offering a transitional technology until lithium energy storage gets cheaper.”

His company’s gadget may have more lucrative uses in industrial and military applications, where weight isn’t an issue and various battery types are in use that can be blended.

Indy Power has yet to announce a major customer for its device.

Tolen initially planned for his company Symphony Motors to produce a vehicle.

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  • Take the Money & Run
    There is no doubt that Tolen has several good ideas daily or perhaps weekly. This is his second BIG venture as the first was Symphony Bank whose 200 plus shareholders lost their investment ($12,000 million) dollars to his hubris style. He was trying to open Symphony Motors to rub it in their faces but now its a battery company. If you see him coming run the other way. bankalchemist.

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

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