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Boeing HorizonX invests in lithium-metal rechargeable battery startup Cuberg

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Since it was established in April 2015, Cuberg has grown with several rounds of financing and grant funding, and signed a multimillion-dollar joint development agreement with an industrial battery manufacturer. In September 2017, CalSEED awarded Cuberg $150,000 in Phase I grant funding.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. billion (35.8%) science and energy Budget Request, $1.3 billion for applied energy activities, including: $2.72 billion for applied energy activities, including: $2.72 President Barack Obama’s 2016 Budget requests $29.9

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LG Chem Michigan Inc. to start automotive Li-ion battery production in July for Chevy Volt

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The $303-million, 650,000 square-foot facility was financed in part from a $151.4 million grant the company received from the US Department of Energy (DOE) as part of the Recovery Act Award for Electric Drive Vehicle Battery and Component Manufacturing Initiative. Earlier post.).

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US VP Biden outlines 3-part plan to have 1M advanced technology vehicles on US roads by 2015

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In his State of the Union address last night, President Obama highlighted his goal of making the United States the first country in the world to put one million advanced technology vehicles on the road by 2015. Supported by Recovery Act investments, battery costs are projected to drop by 50% by 2013 or 2015. Infrastructure.

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