Kentucky Funds $3.5M for Battery R&D Center
FRANKFORT, Ky. The Kentucky Cabinet for Economic Development Cabinet announces the approval of state funding of up to $3.5 million for the Kentucky-Argonne Battery Manufacturing Research and Development Center in Lexington. The state funds, which were approved by the Kentucky Economic Development Finance Authority from the Cabinet for Economic Development’s High-Tech Pools, will be matched with up to $3.5 million in federal funds.
In April, the Commonwealth of Kentucky, the University of Kentucky and University of Louisville announced a partnership with the U.S. Department of Energy’s Argonne National Laboratory to establish a National Battery Manufacturing R&D Center in Kentucky. The Argonne-managed facility will aid nationwide efforts to develop and deploy a domestic supply of advanced battery technologies for vehicle applications to assist in securing U.S. energy independence, reduce greenhouse gas emissions, and help in strengthening the economy. The two Kentucky universities have agreed to contribute lab space, donor funds, R&D grant funds and researchers.
The Battery R&D Center’s major goals are to support the development of advance lithium-ion batteries; facilitate collaborations between federal labs, universities, manufacturers, suppliers and end-users; develop advanced manufacturing technologies to reduce battery production costs; and accelerate the commercialization of technologies developed at national laboratories and universities.
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