Axion Power and Norfolk Southern pointing the way with advanced carbon electrodes
Who knew that lead-carbon batteries would make such a fuss? Furthermore, who knew that it would be the rail industry that would lead the way for automotive and transportation in this arena of advanced carbon electrodes?
The use of lead-carbon known as PbC®, according to the Axion Power news release, is proving that nano-technology can produce lead-carbon electrodes with greater acces to its energy density; and, in concert with old-fashioned lead-acid in a battery, should be taken seriously.
Fact is, a PbC battery is far cheaper than lithium-ion; and this first order to Norfolk Southern (NYSE: NSC) is setting a precedent as to its viability and affordability.
For the record, Norfolk Southern stock made a pop to the upside today. Earnings per share of $1.23 noted yesterday beat analyst estimates by 11 cents. And this new technology will surely contribute again and again toward its bottom line.
Axion Power said this first $400,000 purchase order is part of a $475,000 total purchase order, that will be used in the commissioning of Norfolk Southern's NS-999. The total purchase order will be shipped and deployed in the next 90 – 120 days. To date, this is the largest single PbC battery order that Axion has received.