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NEW CASTLE, Pa., June 9 /PRNewswire-FirstCall/ -- Axion Power International Inc (OTC Bulletin Board: AXPW), the developer of advanced PbCÂ® batteries, announced today that it will launch a development program with Norfolk Southern Corporation (NYSE: NSC), one of the nation's largest railways, to develop a battery management system that would allow rail locomotives to operate on battery power and recharge their batteries through regenerative braking.
Rechargeable batteries may soon provide greater energy efficiency not only for road traffic, but also for rail transport.
General Electric Co plans to seek federal stimulus money to fund construction of a $100 million factory that would build batteries for heavy equipment.
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