Obama Announces Battery Grants Recipients
President Obama today announced 48 new advanced battery and electric-drive projects that will receive $2.4 billion in funding under the American Recovery and Reinvestment Act. The money could help start a battery industry in the United States, which could be essential for US automakers to start manufacturing plug-in hybrids and electric vehicles at a large scale.
For more on the significance of this funding for the battery industry, click here.
The announcement, with a list of the groups receiving funding, can be found here.
On its own, the money won’t be enough to build the large-scale factories that some companies are planning. One, A123 Systems of Watertown, MA, received $249 million in grant money. But it has also applied for $1.84 billion in federal loans to finance its proposed factories in Michigan.
Keep Reading
Most Popular
A horrifying new AI app swaps women into porn videos with a click
Deepfake researchers have long feared the day this would arrive.
We can’t afford to stop solar geoengineering research
It is the wrong time to take this strategy for combating climate change off the table.
Meet Altos Labs, Silicon Valley’s latest wild bet on living forever
Funders of a deep-pocketed new "rejuvenation" startup are said to include Jeff Bezos and Yuri Milner.
The new version of GPT-3 is much better behaved (and should be less toxic)
OpenAI has trained its flagship language model to follow instructions, making it spit out less unwanted text—but there's still a way to go.
Stay connected
Illustration by Rose WongGet the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.