US Dow makes photovoltaic, lithium battery deals

12 November 2009 23:27  [Source: ICIS news]

HOUSTON (ICIS news)--US major Dow Chemical made two lithium battery deals and signed a solar energy research agreement with a university, the company said on Thursday.

Under the four-year research agreement, Dow and the California Institute of Technology (Caltech) will develop low-cost, efficient photovoltaic materials, Dow said.

Initially, Dow and Caltech will try to find materials that are less expensive and more common than those currently used in thin-film photovoltaic semiconductors, the company said.

In addition, Dow made a battery acquisition through Dow Kokam, a joint venture between Dow and TK Advanced Battery.

Under the deal, the joint venture acquired substantially all of the assets of Kokam America, Dow said. Financial details were not disclosed.

Kokam America is the Americas sales and distribution subsidiary of the South Korean firm Kokam, which makes lithium polymer batteries.

In other news, HPL (High Power Lithium) transferred assets to Dow. HPL is developing nano-structured energy storage materials and novel electrolytes for use in lithium-ion batteries.

For more on Dow visit ICIS company intelligence
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By: Al Greenwood
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