Blue Earth to Invest $10 Million in Battery Producer

Sept. 17 (Bloomberg) — Blue Earth Inc., a solar-power
developer and provider of energy-efficiency services, has agreed
to buy a $10 million equity stake in battery maker PowerGenix
Systems Inc. with cash and stock.

The company is gaining exclusive rights to use PowerGenix’s
technology, Henderson, Nevada-based Blue Earth said today in a
statement. The companies have worked together for about five

“Our historical working relationship should allow Blue
Earth to introduce new products for certain applications fairly
quickly, while pursuing longterm development,” Blue Earth Chief
Executive Officer Johnny Thomas said.

PowerGenix, based in San Diego, develops rechargeable
nickel-zinc batteries that can be used in vehicles and for
stationary energy storage, according to its website.

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Jim Efstathiou Jr., Tina Davis

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us