A123 planning third battery tech R&D site in Mass.
A123 Systems Inc. plans to open a third location in Massachusetts to serve its growing electric grid battery operation, a company executive told Mass High Tech this week.
The Watertown-based lithium ion battery company is planning the new location even as it readies to move to an expanded headquarters and R&D facility in Waltham next March, said Andy Chu, vice president of marketing and communications.
The company is currently based at the Arsenal on the Charles complex in Watertown, where the operation is split up in three separate buildings.
The new headquarters and R&D hub will be a nearly 100,000-square-foot facility at 200 West St. in Waltham, Chu said.
"It will be better to have everyone under one roof," he said.
The company also currently manufactures tractor-trailer-sized battery systems for electric grid applications in Hopkinton.
Chu said A123’s third location will serve research and development, as well as some production, for the grid battery business. He said he couldn’t disclose any further details on those plans.
In 2009, A123 saw its grid business revenue jump to $11 million, from $2.9 million the previous year. That represented 14 percent of the company’s product revenue in 2009.
Read the full story in Mass High Tech.
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