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
Large language models can do jaw-dropping things. But nobody knows exactly why.
And that's a problem. Figuring it out is one of the biggest scientific puzzles of our time and a crucial step towards controlling more powerful future models.
How scientists traced a mysterious covid case back to six toilets
When wastewater surveillance turns into a hunt for a single infected individual, the ethics get tricky.
The problem with plug-in hybrids? Their drivers.
Plug-in hybrids are often sold as a transition to EVs, but new data from Europe shows we’re still underestimating the emissions they produce.
Google DeepMind’s new generative model makes Super Mario–like games from scratch
Genie learns how to control games by watching hours and hours of video. It could help train next-gen robots too.
Stay connected
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.