Chicago tech firm receives state energy grant

0
43

Submitted by AllCell Technologies

— AllCell Technologies LLC today announced receiving a $460,433 grant as part of Illinois’  State Energy Plan.

“Creating jobs is priority number one, and the growing green sector is supporting our economic recovery,” said Gov. Pat Quinn. “I am committed to doing all I can to ensure that Illinois will continue to be a leader in developing safe,  reliable energy solutions that lower utility bills, lessen our overall reliance on foreign oil and create good-paying jobs.”

AllCell plans to dramatically increase production capacity for lithium-ion batteries at the company manufacturing facility in Chicago Back of the Yards neighborhood.   The grant, plus matching funding from Townsend Capital, will also support the installation of a large array of solar panels on the building roof as well as major weatherization and energy efficiency improvements.  The projects will create and retain a total of 24 full-time and part-time jobs.

According to AllCell co-founder and CEO Said Al-Hallaj, the state support was well-timed. We recently transitioned from developing our technology to building and selling commercial battery packs for e-bikes, e-scooters, and smart grid energy storage.   The market response to our products has been incredibly enthusiastic, and this funding will allow us to grow our business much more rapidly than we would have been able to on our own, while simultaneously reducing our energy bills and carbon footprint.

Dennis Townsend, chairman of Townsend Ventures added, Townsend Ventures is a very active   investor in the energy storage space and we are excited about this opportunity to work with AllCell team and the State of Illinois to commercialize  AllCell advanced technologies in the Li-ion battery market.

The Illinois Department of Commerce and Economic Opportunity (DCEO) administers a  portfolio of programs under the State Energy Plan that are designed to invest   in the development of Illinois green economy including renewable energy  resources, energy efficiency, green buildings, biofuels and more.   The  money received through the 2009 American Recovery and Reinvestment Act allowed  DCEO State Energy Office to develop new programs and expand current programs  to fund cost-effective energy  projects that create and retain Illinois jobs, reduce energy consumption and  costs, increase renewable energy capacity, and reduce greenhouse gas emissions.

“Illinois   is a leader in the green energy revolution, said DCEO Director Warren Ribley.   This funding will not only provide a boost to the state energy efforts  during a critical time, but will also create greater opportunities to put more  people to work and grow Illinois economy. Our targeted investments in  renewable energy, energy efficiency and green manufacturing will pay dividends  for workers today as well as future generations.”

The  State Energy Plan is providing more than $100 million in grants statewide,  resulting in more than 12,000 green sector jobs being created over the next two  years and leveraging almost $1 billion in private  investment. More information about  the State Energy Plan administered by DCEO’s State Energy Office is at www.ildceo.net.