Townsend Capital
Dow Kokam is a joint venture between The Dow Chemical Company and TK Advanced Battery LLC. Townsend Advanced Energy, LLC is the managing member of TK Advanced Battery LLC. The Dow Kokam partners have reached milestones that will lead to the establishment of new battery manufacturing facilities to produce affordable advanced superior lithium polymer batteries (SLPB) for the hybrid and electric vehicle markets. Currently Dow Kokam produces cells predominantly for the military in Lee’s Summit, Missouri.
On August 5, 2009, Dow Kokam was awarded a $161 million Federal Grant from the U.S. Department of Energy (DOE). Federal funding will be used to construct a new 1.2 billion Wh cell manufacturing facility in Midland, Michigan. Construction is expected to begin by late October 2009 and battery production is slated to begin in early 2011. The facility is anticipated to employ up to 800 people. Dow Kokam’s manufacturing facility represents one of the most significant and immediate moves in the creation of the expected $60 billion advanced battery industry which is poised to create tens of thousands of new jobs in the United States.
More information about Dow Kokam is available at www.dowkokam.com