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Batteries coda energy batteries

Published on July 7th, 2013 | by Zachary Shahan

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CODA Automotive Now CODA Energy

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July 7th, 2013 by Zachary Shahan
 
I wrote about CODA Automotive’s bankruptcy filing and refocus on energy storage solutions back in May. A more recent and fleshed out update is as follows (via EV Obsession):

CODA EV

CODA Sedan via CODA

CODA Automotive was never a rockstar of the electric vehicle industry… even with surfers gawking at it. So, when it filed for bankruptcy, not a lot of people took notice.

But CODA may have found a better niche for itself. It is now CODA Energy and is switching to a sole focus on energy storage solutions. No one gets a lot of attention in that sector, so maybe this is a better fit for CODA in more ways than one.

“A consortium of investors led by global investment management firm Fortress Investment Group (NYSE: FIG) has acquired the core technology, engineering and energy storage assets of CODA Holdings, Inc., as well as its key contracts and partnerships, to form the foundation of a new company that will carry over the brand name CODA Energy,” a press release stated.

“CODA Energy designs and builds scalable energy storage solutions that support a smarter, cleaner and more reliable grid. Ed Solar and Pete Nortman will co-manage the company…. CODA’s energy storage system (ESS) combines advanced batteries into modular towers or building blocks – The CODA Core™ – with proven battery and thermal management systems (BMS and TMS), all managed through a sophisticated power source controller. The systems are optimized for generation, distribution and behind-the-meter applications for commercial & industrial end users, and can be adapted for utility, community and residential applications.”

No more this:

2011_coda_sedan

Now this:

Image Credit: Coda Energy

Image Credit: Coda Energy

A full announcement from CODA Energy on the change follows:

CODA Energy Takes the Next Step in Grid Storage (via PR Newswire)

Download image CODA Energy Logo. (PRNewsFoto/CODA Energy) LOS ANGELES, June 25, 2013 /PRNewswire/ – A consortium of investors led by global investment management firm Fortress Investment Group (NYSE: FIG) has acquired the core technology, engineering…



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About the Author

spends most of his time here on CleanTechnica as the director/chief editor. Otherwise, he's probably enthusiastically fulfilling his duties as the director/editor of Solar Love, EV Obsession, Planetsave, or Bikocity. Zach is recognized globally as a solar energy, electric car, and wind energy expert. If you would like him to speak at a related conference or event, connect with him via social media. You can connect with Zach on any popular social networking site you like. Links to all of his main social media profiles are on ZacharyShahan.com.



  • CMM

    Do you see the products they offer at CODA Energy LLC? Fleets of electric vehicles which look just like the CODA I purchased in January. My vehicle intermittently losses power while driving down the road. I have been dealing with this problem since day one. CODA Automotive consistently rejects my requests to fix or repurchase the vehicle though I have recorded several of my experiences. And now they are hiding behind their bankruptcy. My local authorized CODA service company can not fix the problem largely due to the inability to get a CODA technician on the problem. CODA Energy LLC has the ability to continue to sell/lease these vehicles while I am stuck with an unreliable and dangerous mode of transportation.

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