Innovation & Job News

Sakti3, A123 Systems receive Centers of Energy Excellence money

Wednesday, February 03, 2010

Ann Arbor

Two promising Ann Arbor-based companies got a boost from Michigan's Centers of Energy Excellence program.

The two firms represent different sectors in the development of the electricification of the automobile. A123Systems is the established player, employing a few thousand people in its Ann Arbor office. Sakti3 is the start-up, spun off of University of Michigan research and backed by General Motors.

Both companies were two of the original six firms designated in the state's Centers of Energy Excellence program in 2008. Then it meant $43 million in funding. The second phase announced last week means another $30 million in funding.

The program helps bridge the gap between companies, academic institutions and the state so all three partners can push forward cutting-edge research and development and pioneer new alternative energy technologies. The idea is to help diversify Michigan's brawn-based economy with more white collar jobs doing what Michigan does best - produce world-class automobiles.

Source: Michigan Economic Development Corporation
Writer: Jon Zemke

Innovation & Job News

Sakti3, A123 Systems receive Centers of Energy Excellence money

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