Ener1 and JSC Mobile GTES Sign Strategic, Five-Year Framework Agreement

Ener1, Inc. HEV and Russia's JSC Mobile GTES today announced that they have signed a strategic framework agreement to contemplate the manufacture of lithium-ion-based uninterruptible power supply systems as part of a five-year engineering and framework agreement. The proposed UPS systems -- which the companies anticipate will have an initial total capacity of 27.8 MW -- will provide back-up power for internal substation needs for one hour, including switchgear, lighting, communications and other needs. FGC believes this lithium-ion solution will have expanded capabilities beyond the company's current lead acid solution, which is only able to back-up the switchgear for a short duration and does not provide back-up power for any other internal substation needs.