AES privately purchased 895,523 treasury shares of Altair common stock at $3.35 per share. The purchased shares represent approximately 1.5% of Altair’s outstanding common shares. AES Corporation and its subsidiaries engage in the generation and distribution of electric power.
inside greentech had a good summary of Altairnanos latest activities. There is a particularly good interview with Altairnano's CEO Alan Gotcher in which he explains how technology from such a small company could produce such a revolutionary product. Thats for you to read, but one item was this:
In a 10 minute or less charge, at least 480 volts at several hundred amps will be required, transferring 210 kW/h of energy to the battery pack. ...
Altairnano is working with AeroVironment of Monrovia, California, which has worked in rapid battery charge systems for a number of years. The company was the primary supplier of the charging systems for the General Motors EV1 vehicle.
How would service stations of the future store the mammoth amounts of electricity required by electric vehicles? Altairnano's Gotcher says the company "hasn't really said a lot about that yet, but you'll see us come forward with information in the second quarter."
Thanks to Rob Day at Cleantech Investing for the tip.