Obama touts Recovery Act at battery plant opening
President Barack Obama on Monday praised the grand opening of the nation's first large-scale advanced electric car battery plant, which he said was an example of the achievements of the 2009 economic stimulus law.
The 291,000-foot A123 Systems plant in Livonia, Mich., was backed by a $249 million stimulus grant.
During a telephone call from the Oval Office, Obama told a gathering at the plant that the $787 billion American Recovery and Reinvestment Act will help propel A123 and other U.S. manufacturers to a 40 percent share of the global advanced vehicle battery market. Another eight U.S. battery plants are to be built with stimulus money.
EnergyGuardian is a subscription energy news service. Sign up below to apply for a free 14-day trial. If approved, you will receive an email from us to activate your account and enable access to this Web site and delivery of our enhanced morning, afternoon and breaking news alert emails.
If you have questions, please email sales@packardmedia.com.
To start your free 14-day trial, fill in the form below.