Compact Power grows Troy offices to accommodate growth

Monday, March 30, 2009 | Source: metromode

Compact Power, which helps develop the lithium-ion battery for the Chevrolet Volt, took over an adjacent building in Troy. The new 14,000 square feet of space will be used to accommodate the company's expected growth.

Development of the lithium-ion battery, a key component in the electrification of the automobile, is seen as a potential boon for Michigan. A couple of major factories and research-and-development facilities have already been announced for Metro Detroit, and more are expected.

Compact Power, a subsidiary of Korea-based LG Electronics, is one of those companies. It started in Colorado Springs in 2001 and moved to Troy in 2005 with five people. It has since grown to a staff of 70 employees and a few interns. (The company hires interns as a general practice.)

Company officials haven't publicized the number of jobs they expect to create, but they are anticipating significant growth soon.

Source: Dick Pacini, spokesman for Compact Power
Writer: Jon Zemke
Enjoy this story? Sign up for free solutions-based reporting in your inbox each week.

Related Tags

Oakland County, Renewable Energy, Transportation 

Recommended Content

Sponsored By
Regions
Focus Areas
Copyright © Issue Media Group. All rights reserved.