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A123 Systems to Supply Lithium Ion Battery Energy Storage Solution to Sempra Generation for Hawaii Project; Shares Up 6%

A123 Systems ( AONE ) today announced that it has secured a contract with Sempra Generation to supply an 11MW Grid Battery System (GBS) for the Auwahi Wind project in Maui, Hawaii. The company's GBS storage system is a lithium battery energy storage solution designed to facilitate the smooth and efficient operation of the wind farm, which will help maintain the stability to Maui's electric grid.

The 21MW Auwahi Wind project is expected to be capable of generating enough energy to power the equivalent of 10,000 homes when fully operational.

Shares are up 6.29% to $1.69, taking it further away from the one-year low of $1.51.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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