U.S. DoE Awards Yardney with Grant to Develop Lithium Ion Battery
Yardney Technical Products of Pawcatuck has received two federal awards totaling $200,000 for developing lithium-ion batteries for use in hybrid electric vehicles, the company announced Friday.
The research and development grants from the Department of Energy's Small Business Innovation Research program are geared toward improving the power and performance of batteries using nanoparticle-based anode and cathode materials. It is hoped that improved batteries would boost storage capacity, enhance the acceleration and speed of hybrid cars, and increase gas mileage. The batteries would be more affordable and easier on the environment as well.
“We believe we have a promising technology,” Vincent A. Yevoli Jr., Yardney's president and chief operating officer, said in a statement. “Our goal is to build a demonstration prototype in our lab for future commercialization — just as we have done previously for NASA and the Department of Defense.”
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