lithium ion

Lindsey Smith / Michigan Radio

A lithium-ion battery maker says it’s finally begun production at its plant in West Michigan.

President Obama’s stimulus package invested some $2 billion in advanced battery plants. Back in the summer of 2010, Mr. Obama came to Holland for the ground breaking ceremony for the new LG Chem plant. It was to eventually make lithium ion batteries for the Chevy Volt.

The plant cost roughly $300 million to build. Federal stimulus money paid for half that cost.

Johnson Controls

Boeing hopes to have a permanent fix for its new Dreamliner jet by the end of the month. All Dreamliners have been grounded since January after reports of the batteries smoking or catching fire.

The news is another bump in the road for lithium ion battery manufacturers, who’ve already had some problems marketing the next generation of batteries.

Lithium ion dominating the market

Lithium ion based batteries are everywhere; your cell phone, laptop or tablet, cordless power tools. But there are several kinds of lithium ion batteries. The ones in the Dreamliner aren’t the same as the ones in consumer electronics.

“We’re in the middle of a horse race and right now lithium ion is far in the lead of that horse race,” Sam Jaffe said. He’s an energy storage analyst with Pike Research.