NEW YORK Xtreme Power
Inc. has cut the majority of staff at its Grove, Okla.,
lead-acid battery manufacturing plant and is seeking investors
for the facility as the company rethinks its approach to the
energy storage market.
The company continues to run the
facility with a skeleton crew, having released the majority of
employees at the plant over the course of this past week, an
Xtreme Power spokesman told AMM.
"This action was necessitated by
a decline in demand for storage applications utilizing the
advanced lead-acid battery, which we manufacture in Grove.
Customer demand for energy storage continues to migrate to
applications that are best served with other battery
chemistries," the company said.
"While a painful moment for our
company, its a necessary transition to stay at the
forefront of our industry, serving the dynamic energy storage
and power management needs in an ever-changing market," it
"There has been interest from
potential buyers" for the plant, the spokesman added.
The Kyle, Texas-based company
will provide severance and on-site employment counseling to
those affected by the move, it said.
Lisa Friden, president of the
Grove Area Chamber of Commerce, said that the facility employed
up to 108 people as of 2011.