After back in December Japanese trading giant ITOCHU announced an investment of $20 million in battery manufacturer Ener1, the latter and its subsidiary, EnerDel, announced plans to create an advanced battery systems for a residential smart grid energy storage project.
The grid will be installed in a major apartment building near Tokyo, with the support of ITOCHU, marking the second such endeavor from Ener1, after last month’s deal with Mazda for the creation of a similar system.
"T… (read more)