Valence Technology
Encyclopedia
Valence Technology, Inc. develops and manufactures advanced lithium iron phosphate
cathode materials as well as programmable battery
modules and trays. Valence's products are used in electric vehicle
and Plug-in hybrid electric vehicles (PHEVs) such as cars, scooters, motorbikes, commercial vehicles such as buses, delivery vans and trucks. Valence batteries are also used in wheelchairs, medical carts, robotics, as well as stationary applications such as remote power, uninterruptible power supply
(UPS), community energy storage, frequency regulation and switching gear in telecoms.
, and facilities in Las Vegas
, Nevada
, Mallusk, Northern Ireland
, and Suzhou
, China
. Carl Berg
is Chairman and principal stockholder of Valence Technology and in March 2007, Robert L. Kanode was appointed as President and Chief Executive Officer. Valence is traded on the Nasdaq
Capital Markets under the ticker symbol .
s. Valence manufacturers it’s cathode material and packs in two wholly owned subsidiaries Valence Energy Tech in Suzhou, China.
Companies deploying Valence's battery technology include:
to develop interfaces for hybrid applications in the marine market, and with S&C Electric to develop solutions for the stationary energy storage market
In 2004 Valence was honored as a Top 100 Innovator by Red Herring
, chosen for the high-performance, safe, low-cost and environmentally friendly attributes of its energy storage solutions.
Valence began to focus on Europe about two years ago, when it realized that automakers there already were launching electric delivery vans and hybrid buses, CEO Bob Kanode said. “We were looking for a market where we could sell and we found Europe, with its incredible designs and very strong government and public support,” he said. “[Europeans] are absolutely dedicated to alternative-energy solutions and view this [electric vehicles] as maybe their last opportunity to make a difference in the automotive sector.”
Among other customers, Valence this year signed sales deals with Smith Electric Vehicles
, a UK maker of electric commercial vans and trucks; PVI, a French manufacturer of electric buses and other vehicles; and Oxygen SpA, an Italian company that makes an electric scooter called Cargoscooter. Companies such as Modec
, a UK-based supplier of electric delivery vans, and Wrightbus
, a UK Wright Group subsidiary that makes double-decker buses, also are testing Valence batteries. Through these relationships, Valence is building connections to large automakers, such as Renault, which is a PVI partner; Peugeot
, which is an Oxygen partner; Volvo
, which is a Wrightbus partner; and Ford and Isuzu
, which are Smith Electric Vehicles
partners.
Lithium iron phosphate
Lithium iron phosphate , also known as LFP, is a compound used in lithium iron phosphate batteries . It is targeted for use in power tools and electric vehicles...
cathode materials as well as programmable battery
Battery (electricity)
An electrical battery is one or more electrochemical cells that convert stored chemical energy into electrical energy. Since the invention of the first battery in 1800 by Alessandro Volta and especially since the technically improved Daniell cell in 1836, batteries have become a common power...
modules and trays. Valence's products are used in electric vehicle
Electric vehicle
An electric vehicle , also referred to as an electric drive vehicle, uses one or more electric motors or traction motors for propulsion...
and Plug-in hybrid electric vehicles (PHEVs) such as cars, scooters, motorbikes, commercial vehicles such as buses, delivery vans and trucks. Valence batteries are also used in wheelchairs, medical carts, robotics, as well as stationary applications such as remote power, uninterruptible power supply
Uninterruptible power supply
An uninterruptible power supply, also uninterruptible power source, UPS or battery/flywheel backup, is an electrical apparatus that provides emergency power to a load when the input power source, typically mains power, fails...
(UPS), community energy storage, frequency regulation and switching gear in telecoms.
History
Founded in 1989 as a research and development company by Lev Dawson Valence has its headquarters in Austin, TexasAustin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
, and facilities in Las Vegas
Las Vegas metropolitan area
The Las Vegas Valley is the heart of the Las Vegas-Paradise, NV MSA also known as the Las Vegas–Paradise–Henderson MSA which includes all of Clark County, Nevada, and is a metropolitan area in the southern part of the U.S. state of Nevada. The Valley is defined by the Las Vegas Valley landform, a ...
, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
, Mallusk, Northern Ireland
Northern Ireland
Northern Ireland is one of the four countries of the United Kingdom. Situated in the north-east of the island of Ireland, it shares a border with the Republic of Ireland to the south and west...
, and Suzhou
Suzhou
Suzhou , previously transliterated as Su-chou, Suchow, and Soochow, is a major city located in the southeast of Jiangsu Province in Eastern China, located adjacent to Shanghai Municipality. The city is situated on the lower reaches of the Yangtze River and on the shores of Taihu Lake and is a part...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. Carl Berg
Carl Berg
Carl Edwin Berg is a real estate investor and venture capitalist who has been included in Forbes Magazine's list of the 400 richest people in America numerous times. At the time the 2007 list was released, his net worth was estimated at $1.5 billion...
is Chairman and principal stockholder of Valence Technology and in March 2007, Robert L. Kanode was appointed as President and Chief Executive Officer. Valence is traded on the Nasdaq
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
Capital Markets under the ticker symbol .
Exports
The company holds an extensive, international patent portfolio of issued and pending lithium phosphate patentPatent
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of an invention....
s. Valence manufacturers it’s cathode material and packs in two wholly owned subsidiaries Valence Energy Tech in Suzhou, China.
Companies deploying Valence's battery technology include:
- Segway PTSegway PTThe Segway PT is a two-wheeled, self-balancing transportation machine invented by Dean Kamen. It is produced by Segway Inc. of New Hampshire, USA. The name "Segway" is a homophone of "segue" while "PT" denotes personal transporter....
in their Segway Personal Transporter. - Smith Electric VehiclesSmith Electric VehiclesSmith Electric Vehicles is the world's leading manufacturers of electric commercial vehicles; battery-powered vans, and trucks Smith Electric Vehicles has always focused on the commercial vehicle market – it does not produce electric cars and has never done so.In 2011 after its United States...
, a UK based manufacturer making electric delivery vehicles including the Newton and Edison trucks - PVI - A French Manufacturer developing a range EV platforms exclusively for Renault Trucks, as well as electric buses and other vehicles.
- EVI-USA – A US based manufacturer developing a range of commercial delivery vehicles, fully electric and hybrid including EviLightTruck
- WrightbusWrightbusWrightbus is an independent coachbuilder and pioneer of the low-floor bus. Based in Ballymena, Northern Ireland, it was established in 1946 by Robert Wright and currently run by his son William Wright.-History:...
- A Northern Ireland based bus manufacturer developing hybrid double-decker buses - Oxygen SpAOxygen SpAOxygen SpA is an Italian company that manufactures "green vehicles". They produce the Oxygen Electric Cargoscooter .Oxygen S.p.A.Oxygen S.p.A. is the first Italian company to develop, manufacture and market 100% electric scooters...
- an Italian company that makes an electric scooter called Cargoscooter - BrammoBrammoBrammo, Inc. is an electric vehicle company based in Ashland, Oregon, United States. Its first production electric motorcycle, the Enertia, is assembled in Sárvár, Hungary and is selling online via the company's website and is available for sale and service at select motorcycle dealers throughout...
- a US manufacturer who are selling electric motorcycle the Enertia through Best Buys - Enova Systems for the IC Bus plug-in hybrid school buses
- OptareOptareOptare plc is a bus manufacturer and importer based in Leeds and Blackburn, UK. The company operates from three main business units, Bus Manufacturing, Coach Sales and Unitec....
Buses - MercedesMercedes-BenzMercedes-Benz is a German manufacturer of automobiles, buses, coaches, and trucks. Mercedes-Benz is a division of its parent company, Daimler AG...
- providing its lithium battery storage systems for the new Mercedes eVito
Recent events
In 2009 Valence has signed development agreements with SiemensSiemens
Siemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...
to develop interfaces for hybrid applications in the marine market, and with S&C Electric to develop solutions for the stationary energy storage market
In 2004 Valence was honored as a Top 100 Innovator by Red Herring
Red Herring (magazine)
Red Herring was a technology business magazine, which flourished during the dot com boom, with global distribution and bureaus in Bangalore, Beijing, and Paris. It also sponsored conferences designed to bring venture capitalists, entrepreneurs, and technologists together. But the magazine went into...
, chosen for the high-performance, safe, low-cost and environmentally friendly attributes of its energy storage solutions.
Valence began to focus on Europe about two years ago, when it realized that automakers there already were launching electric delivery vans and hybrid buses, CEO Bob Kanode said. “We were looking for a market where we could sell and we found Europe, with its incredible designs and very strong government and public support,” he said. “[Europeans] are absolutely dedicated to alternative-energy solutions and view this [electric vehicles] as maybe their last opportunity to make a difference in the automotive sector.”
Among other customers, Valence this year signed sales deals with Smith Electric Vehicles
Smith Electric Vehicles
Smith Electric Vehicles is the world's leading manufacturers of electric commercial vehicles; battery-powered vans, and trucks Smith Electric Vehicles has always focused on the commercial vehicle market – it does not produce electric cars and has never done so.In 2011 after its United States...
, a UK maker of electric commercial vans and trucks; PVI, a French manufacturer of electric buses and other vehicles; and Oxygen SpA, an Italian company that makes an electric scooter called Cargoscooter. Companies such as Modec
Modec
Modec was a Coventry, UK electric vehicle manufacturer, specialising in Commercial vehicles in the N2 category. It unveiled its first model in April 2006 and announced its intention to commence series production in March 2007, with the first production vehicles destined for Tesco...
, a UK-based supplier of electric delivery vans, and Wrightbus
Wrightbus
Wrightbus is an independent coachbuilder and pioneer of the low-floor bus. Based in Ballymena, Northern Ireland, it was established in 1946 by Robert Wright and currently run by his son William Wright.-History:...
, a UK Wright Group subsidiary that makes double-decker buses, also are testing Valence batteries. Through these relationships, Valence is building connections to large automakers, such as Renault, which is a PVI partner; Peugeot
Peugeot
Peugeot is a major French car brand, part of PSA Peugeot Citroën, the second largest carmaker based in Europe.The family business that precedes the current Peugeot company was founded in 1810, and manufactured coffee mills and bicycles. On 20 November 1858, Emile Peugeot applied for the lion...
, which is an Oxygen partner; Volvo
Volvo
AB Volvo is a Swedish builder of commercial vehicles, including trucks, buses and construction equipment. Volvo also supplies marine and industrial drive systems, aerospace components and financial services...
, which is a Wrightbus partner; and Ford and Isuzu
Isuzu
, is a Japanese car, commercial vehicle and heavy truck manufacturing company, headquartered in Tokyo. In 2005, Isuzu became the world's largest manufacturer of medium to heavy duty trucks. It has assembly and manufacturing plants in the Japanese city of Fujisawa, as well as in the prefectures...
, which are Smith Electric Vehicles
Smith Electric Vehicles
Smith Electric Vehicles is the world's leading manufacturers of electric commercial vehicles; battery-powered vans, and trucks Smith Electric Vehicles has always focused on the commercial vehicle market – it does not produce electric cars and has never done so.In 2011 after its United States...
partners.
See also
- Lithium iron phosphate batteryLithium iron phosphate batteryThe lithium iron phosphate battery, also called LFP battery, is a type of rechargeable battery, specifically a lithium-ion battery, which uses LiFePO4 as a cathode material.-History:...
- A123SystemsA123SystemsA123 Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid and commercial markets. The company has about 2,500 employees globally and is headquartered in Waltham, Massachusetts. Founded in 2001 by Dr. Yet-Ming Chiang, Dr...
- Lithium iron phosphateLithium iron phosphateLithium iron phosphate , also known as LFP, is a compound used in lithium iron phosphate batteries . It is targeted for use in power tools and electric vehicles...
- Silicon Valley Leadership GroupSilicon Valley Leadership GroupThe Silicon Valley Leadership Group, founded in 1978 by David Packard of Hewlett-Packard, represents more than 340 of Silicon Valley's most respected employers on issues, programs and campaigns that affect the economic health and quality of life in Silicon Valley, including energy, transportation,...
- Thermal runawayThermal runawayThermal runaway refers to a situation where an increase in temperature changes the conditions in a way that causes a further increase in temperature, often leading to a destructive result...
- China Sun Group