Texas Puts Money on Alternative Energy Development (Batteries)
While his sights may not be set as high as political leaders from Michigan or Indiana; Texas Governor Rick Perry still sees his state as a player in the energy storage and alternative energy industries. Gov. Perry made this clear yesterday as he announced that his state will invest $250,000 in ActaCell Inc., a start-up firm who specializes in developing lithium-ion battery technology for commercial purposes.
The funds for ActaCell will be coming through the Texas Emerging Technology Fund (ETF), which was set up for the development and commercialization of next generation’s high power, rechargeable lithium ion batteries. In the announcement, Gov. Perry shared his belief that that the development of alternative energy sources is key for his state and it’s economy.
“Texas is committed to investing in innovative, alternative energy solutions to help expand our energy portfolio and strengthen our economy,” said Gov. Perry. “This ETF investment in ActaCell will help create a solution for the next generation of electric vehicles, and will help grow this industry in our state.”
ActaCell will be partnering with the University of Texas at Austin’s Mechanical Engineering Department as it aims to improve and develop battery chemistry’s that will provide longer lasting lithium ion batteries at a lower cost.
Category: Battery News
