General Electric Co To Spend Additional $70 Million To Expand Battery Plant-DJ

Dow Jones reported that General Electric Co plans to spend an additional $70 million to expand its advanced battery factory in upstate New York. The plant, located in Schenectady, N.Y., produces GE's Durathon battery products, which are half the size of conventional lead-acid batteries but last about 10 times longer. The expansion is expected to effectively double production at the plant. The projected annual production capacity of the battery plant is about one gigawatt hour, or enough to power 1,000 typical American homes for a month.