Invest Green - Hybrid Car Battery Stocks

The U.S. Department of Energy has published a list of 48 grant recipients to further the research and development of electric hybrid automobile batteries. At nearly $2 billion in total grant funds, the grants make up the largest ever single investment in the hybrid car technology. In addition to targeting battery production and recycling capacity, grant money is being aimed at U.S. based companies specializing in electric drive components, as well as continued research and workforce training in hybrid electric can manufacturing.

Hybrid Car Battery Stocks - Grants Disbursed to Manufacturers

Some of the projects tapped to benefit from the U.S. government's green grants as part of the American Recovery and Reinvestment Act include "electrifying" truck stops, recycling programs for hydrothermal lithium ion battery's, development of electric minivans and pickup trucks, and community college training programs for service technicians.

The largest grant recipient, all of whom have agreed to invest matching grant amounts, was Johnson Controls. Specializing in the production of nickel-cobalt metal battery cells and packs, Johnson Controls is a very promising green investment right now. With $600 million already tapped for domestic advanced car battery production, Johnson Controls is not just a solid green investment - they are promising for the U.S. economy. The company was also given $148.5 million in incentives from the State of Michigan for a new lithium ion battery manufacturing plant south of Grand Rapids, Michigan.

Johnson Controls offers a green stock purchase plan that allows green investors to purchase stocks without contacting a broker. Details of this option, as well as current SEC reports and filings can be found on their website, JohnsonControls.com.

Other prospective green investments and grant recipients of the American Recovery and Reinvestment Act include the following:

GM Motors: Received $241 million for developing battery packs and rear-wheel electric driving systems for the GM Chevy Volt electric hybrid.

A123Systems: Tapped with $249 million to build lithium ion battery manufacturing facilities in Massachusetts.

Compact Power Inc.: $151 million to produce lithium ion polymer car batteries using a proprietary separator and manganese-based cathode material for the GM Volt.

Delphi Automotive Systems: Over $89 million to expand manufacturing facilities for electric power component in passenger and commercial hybrid vehicles.

Navistar: $39 million to develop and deploy 400 electric powered delivery trucks with a 100-mile delivery range.

Honeywell International Corp.: Over $27 million to develop production of electrolyte salt used in lithium ion car batteries.

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