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Aqueous hybrid-ion battery company Aquion completes $55M financing round

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a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. The batteries have shown high cycle life of more than 5,000 cycles at high rates, (100% DoD). Aquion spun out of Carnegie Mellon University in 2010.

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South Korean EV Company to Open Two Production and Distribution Facilities in Pennsylvania

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intends to open two production and distribution facilities in Pennsylvania. Pennsylvania Governor Ed Rendell made the announcement at Carnegie Mellon University in Pittsburgh. CT&T makes low- and mid-speed, short-distance neighborhood electric vehicles that pass crash tests required for regular passenger cars.

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Aquion Energy closed $35M D round; aqueous hybrid ion batteries for stationary storage

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Specifically developed for the requirements of both small and large-scale stationary energy storage applications, Aquion’s products and solutions offer a combination of high performance, low cost, operational safety, and sustainability. The batteries have shown high cycle life of more than 5,000 cycles at high rates, (100% DoD).

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ARPA-E awarding $36M to 22 projects in RANGE program for transformative EV storage

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ARPA-E’s new program, Robust Affordable Next Generation Energy Storage Systems (RANGE) ( earlier post ), aims to accelerate widespread EV adoption by dramatically improving driving range and reliability, and by providing low-cost, low-carbon alternatives to today’s vehicles. University of Houston. Air Battery.

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BATT Program Awards More Than $8 Million for Innovative Research Projects on Lithium Battery Anodes

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The Batteries for Advanced Transportation Technologies (BATT) Program is awarding more than $8 million to eight R&D projects on lithium battery anodes. These projects focus on developing next-generation anodes to increase the energy and decrease the cost of lithium batteries while maintaining safety and cycle life.

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ARPA-E Selects 37 Projects for $106M in Funding in Second Round; Electrofuels, Better Batteries and Carbon Capture

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The second round was focused specifically on three areas of technology representing new approaches for advanced microbial biofuels (electrofuels); much higher capacity and less expensive batteries for electric vehicles; and carbon capture. NC State University. Medical University of South Carolina. Columbia University.

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US DOE awards more than $175M to 40 projects for advanced vehicle research and development

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This project will develop a new process that enables low-cost, domestic manufacturing of magnesium. This project will develop a novel low cost route to carbon fiber using a lignin/PAN hybrid precursor and carbon fiber conversion technologies leading to high performance, low-cost carbon fiber. Amprius, Inc.