Axion Power International, Inc. (OTC Bulletin Board: AXPW), the developer of advanced lead-carbon PbC® batteries, today announced that it had been awarded a grant from the Pennsylvania Energy Development Authority. The grant will be used to assist in the development and deployment of an Axion PowerCube(TM) battery energy storage system using the Company’s proprietary PbC battery technology. The 500 kilowatt PowerCube will be built and installed at Axion’s New Castle battery manufacturing facility and will be designed to enhance a Smart Grid electrical distribution system, including a future solar-powered electric vehicle charging station and a potential wind-powered energy system.
via Axion Power(TM) Awarded Government Grant to Help Develop, Deploy PowerCube(TM).
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