Tuesday, November 4, 2014

USA: former Philip Morris cigarette factory turns to renewable energy

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A former Philip Morris cigarette factory, in the State of North Carolina, United States, will now produce batteries to store energy from solar and wind plants. The property, with 115.00 square meters, was bought by the company Switzerland, too short, which will now produce batteries are lithium-ion phosphate can be loaded in 30 minutes and last up to 40,000 loads.

In the former factory were produced every year, about 1000 million cigarettes, but the building was already closed for several years, because of the decrease in smoking in the United States. Now, she will employ 500 people in new activity, with 2,500 new jobs provided for others for the next three years.

The property cost €55 million ($ 170 million). "This is going to change [the rules] of the game," explained the President of the company, Jostein Eikeland. The batteries will store 2 megawatts (MW) and reducing inefficiencies that exist today in the power grid.

According to a recent report by Navigant Consulting Research, worldwide revenue of advanced batteries of large capacity will grow from €130 million (US $ 410 million) to more than € 2 billion ($ 6.1 billion) in 2023.

Some experts estimate that the current power grid loses up to 30 percent of its energy, for inefficiency and waste. This is what the too short and competitors want to change, so the battery technology, still face, is changing quickly, says Fortune.

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