After going through a somewhat tumultuous time with a change of leadership at HQ, Altairnano now has a solid success it can point to. A two-megawatt, 500 kWh battery system of its making has been put through some serious testing by its strategic partner, power company AES, along with independent contractor, KEMA, and has emerged successful. The battery came with HVAC, a DC to AC converter and control systems, and was hooked up to an Indianapolis Power & Light (IPL) sub-station where the seri
Altairnano has had the spot light thrown on it recently as a result of an agreement between Electrovaya and Altairnano partner, Phoenix Motorcars. It is in this environment of speculation that they released their 2008 1st quarter earnings report. In a continuance of recent performance, they reported a slightly reduced revenue of $1.07 million and moderately increased expenditures. Net loss for the quarter was $8.29 million. So that's not so good, right?