Lithium Ion Investment: California’s Envia Systems Receives $5 Million from State and Fed. Gov’t
As a continued sign of dedication to the development of lithium ion batteries from both the state and federal governments, California’s Envia Systems Inc. was recently awarded $5 million in grant money from the California Energy Commission ($1 mil.) and the U.S. Department of Energy’s ($4 mil.). The grants are designated for Envia’s development strategy focused on producing battery technology that will enable more fuel efficient vehicles. In particular, Envia’s “high energy density, low cost next generation Lithium-ion batteries“.
“We are very pleased to receive grants from the Department of Energy and California Energy Commission as it reinforces the strength and importance of Envia’s technology,” said Subhash Dhar, Chairman and CEO of Envia Systems Inc. “Just as these grants were created to drive advancements in energy that will transform the global landscape, Envia’s breakthrough battery systems will revolutionize the highest-density energy Lithium-ion storage technology. These awards will help to dramatically accelerate our development and time to market.”
Envia uses unique nano silicon-carbon composite anodes and high capacity manganese composite cathodes to create batteries with energy density triple that of existing electric vehicle batteries. Envia recently received an R&D 100 Award for developing a PHEV battery with the highest energy density.
On the federal side of the grant, Envia was one of 37 companies selected from a total of 3600 applicants.
Category: Battery News
