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Wisconsin firms team up on $45 million deal for plug-in hybrid big trucks – m.JSOnline.com

4:01 p.m. | (4) Comments
Odyne Systems of Waukesha has received a contract to supply its plug-in hybrid system technology to about 120 large plug-in hybrid trucks to utilities under a $45 million contract with the research arm of the utility industry.

The Electric Power Research Institute in Palo Alto, Calif., awarded the funding to Odyne as part of a federal Department of Energy initiative supporting electric vehicle commercialization. The South Coast Air Quality Management District in southern California is also a partner in the project.

Johnson Controls’ power solutions business, based in Glendale, said it will supply advanced lithium-ion batteries for the Odyne system.

The contract marks a “significant” step toward high-volume production of hybrid systems that are built onto the chassis of a diesel utility truck, said Joe Dalum, president of Odyne.

Privately-held Odyne did not disclose the financial value of its share of the contract, but Dalum said it’s the largest contract the company has won and that it will go a long way toward accelerating commercialization of the company’s plug-in hybrid technology.

“It’s really quite an opportunity to scale very quickly,” he said.

He declined to disclose how many employees Odyne has, but said the company is hiring, and is in the planning stages to set up a manufacturing in the Waukesha-Milwaukee area that will be tied to this contract.

“We haven’t finalized all the details for the manufacturing, but it’s anticipated that it will be in this region,” Dalum said.

More http://m.jsonline.com/more/business/blogs/210406751.html

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