Compact Power Inc.

Latest Compact Power Inc. Items
  • ** FILE ** President Obama (right) and Holland, Mich., Mayor Kurt Dykstra sit in an electric Ford Focus at the groundbreaking ceremony for Compact Power Inc., a subsidary of LG Chem Ltd., on Thursday, July 15, 2010, in Holland, Mich. (AP Photo/Susan Walsh)

    Obama touts energy technology as jobs creator

    President Obama on Thursday said the United States can recoup lost manufacturing jobs by embracing advanced energy technologies such as the new electric battery plant breaking ground in Michigan.

President Obama and Kurt Dykstra, mayor of Holland, Mich., sit in an electric Ford Focus on Thursday in Holland at the groundbreaking ceremony of Compact Power Inc., a battery plant and a subsidiary of LG Chem Ltd.

    Batteries included on tour

    Just a few years ago, the U.S. produced only 2 percent of the world's electric car batteries, but the Obama administration says that if the stimulus is allowed to work that could rise to 40 percent by 2015.

Happening Now