Varnum Blogs
fortu PowerCell’s Delayed Entry
February 6, 2012
Construction on the fortu PowerCell advanced energy storage manufacturing plant in Muskegon Township has been delayed two years. Construction will start no sooner than this summer due to European financial uncertainty, and battery production will not start until at least early 2014. The venture’s new CEO Albert Esser will direct the scale up of the rechargeable lithium ion battery design which is based on proprietary, non flammable electrolyte technology derived from research and development being tested at a pilot plant in Dormagen, Germany. The $135 Million in battery credits granted by 2009 Michigan legislation will be reduced by $40 Million since production did not commence by January 2012 as originally anticipated.
