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EnerDel (HEV) Gets $3.3 Million DOE Contract For Lithium Battery Research
EnerDel (HEV) has been awarded a $3.3 million contract by the Dept of Energy research for better safety and performance of lithium batteries. The research, to be conducted jointly with Argonne National Laboratories, will be funded under the DOE’s Vehicle Technologies Program and aim to eliminate the overcharging of batteries at the chemical level. EnerDel and Argonne have worked together in the past, receiving the Excellence in Technology Transfer award for their lithium-titanate chemistry.
“EnerDel is deeply committed to the continuous improvement of advanced lithium-ion automotive battery technology,” said EnerDel CEO Ulrik Grape. “This award by the Department of Energy will help us enhance the reliability, safety and performance characteristics of lithium-ion batteries and widen their scope of commercial application.”
HEV is trading up a few percent in premarket trading.
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