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.
Here’s how a Twitter engineer says it will break in the coming weeks
One insider says the company’s current staffing isn’t able to sustain the platform.
Technology that lets us “speak” to our dead relatives has arrived. Are we ready?
Digital clones of the people we love could forever change how we grieve.
How to befriend a crow
I watched a bunch of crows on TikTok and now I'm trying to connect with some local birds.
Starlink signals can be reverse-engineered to work like GPS—whether SpaceX likes it or not
Elon said no thanks to using his mega-constellation for navigation. Researchers went ahead anyway.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.