ActaCell awarded $3m battery equipment funding for EVs
ActaCell has been awarded a funding of about $3m over a 3-year period from the US Department of Commerce's National Institute of Standards and Technology (NIST) for the production scale up of nanocomposite alloy anode materials for lithium-ion batteries to be used in electric vehicles (EVs) and othe
ActaCell has been awarded a funding of about $3m over a 3-year period from the US Department of Commerce's National Institute of Standards and Technology (NIST) for the production scale up of nanocomposite alloy anode materials for lithium-ion batteries to be used in electric vehicles (EVs) and other demanding applications.
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The funding has come through NIST's Technology Innovation Program (TIP).
The company said that this new electric vehicle technology is in addition to the company's initial lithium-ion technology targeted at the Hybrid Electric Vehicle Market.
Recently, ActaCell identified the medium-to-heavy duty hybrid truck market as the initial best fit for its technology based on a set of rigorous tests run in conjunction with AVL Powertrain, an engineering, solution and testing company for the automotive industry.
ActaCell is commercializing this new lithium-ion anode technology-based on its ability to deliver lower cost and improved safety for materials used in pure electric vehicles, according to the company.
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