A Massachusetts Green Energy Company Heads For China07:47
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Boston Power makes batteries for electric cars, among other products.
Boston Power makes batteries for electric cars, among other products.

In 2005, MIT grad and soccer mom Christina Lampe-Onnerud launched her company Boston Power in a carriage house at her home in Framingham, Massachusetts.

Her goal: mass produce a cutting edge, next generation battery she had just developed. She raised $125 million from venture capitalists, hired more than a hundred people and planned to hire another 600 and build a factory in Massachusetts to make batteries for electric cars.

She applied for $100 million in Recovery Act stimulus money, but was turned down. Undeterred, Lampe-Onnerud is now planning on building her factory and hiring hundreds of workers. But she'll be doing it in China-- she's getting funding from China's government and private investors to move there.

Guest:

  • Christina Lampe-Onnerud, founder of Boston Power

This segment aired on October 19, 2011.

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