In an effort to further continue the research and development of advanced batteries for electric vehicles, the United States Department of Energy(DOE) has announced another $30 million in funding will be given out to projects leading the way in this cause. In all, seven projects have been selected for the investment. The U.S. DOE will be giving out $10.96 million to these projects over the next three years with another $19.36 million coming in private sector contributions.
The U.S. government has made no secret about their desire to revive the auto industry through the development of hybrid and all-electric vehicles. With this being their mission, the advancement and development of a better, more efficient battery has become absolutely crucial. Over $2 billion dollars was included in the stimulus bill earlier this year with further investment into the battery industry likely to continue.
The additional funding announced yesterday by the United States Department of Energy includes:
-$1.1 million to A123Systems to develop a high throughput electrode fabrication process for its lithium-ion batteries.
-$1.6 million from the DOE for a $3.2 million Angstron Materials LLC project investigating nano carbon fiber/graphene high-capacity anodes.
-A $1.35 million joint project on high-energy composite Nanofiber anodes at North Carolina State University and American Lithium Energy LLC.
-An $800,000 project at SION Power Corporation to demonstrate the viability of lithium sulphur (Li-S) rechargeable battery technology.
-EnerDel Inc. will receive $3.3 million to overcome overcharging problems.
-$2.36 million going to TIAX LLC to prevent internal short circuits.
Category: Battery News