AONE intraday spike BTFO!

AONE A123 Systems: Follow up on intraday spike-The pop in AONE is being attributed to a DOE announcement, in which the agency will award $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems that will help build a smarter, more efficient, more resilient electrical grid. These 32 demonstration projects, which include large-scale energy storage, smart meters, distribution and transmission system monitoring devices, and a range of other smart technologies, will act as models for deploying integrated Smart Grid systems on a broader scale. This funding from the American Recovery and Reinvestment Act will be leveraged with $1 billion in funds from the private sector to support more than $1.6 billion in total Smart Grid projects nationally... Among the demonstrations, Detroit Edison's Advanced Implementation of A123s Community Energy Storage Systems for Grid Support was named. This project will install 20 CES units, 25kW/2hr each, into a system that includes a 1 MW storage device integrated into a solar system.