Washington, D.C. – U.S. Secretary of Energy Steven Chu announced today plans to launch a new Energy Innovation Hub for advanced research on batteries and energy storage with an investment of up to $120 million over five years. The hub, which will be funded at up to $20 million in fiscal year 2012, will focus on accelerating research and development of electrochemical energy storage for transportation and the electric grid. The interdisciplinary research and development through the new Energy Innovation Hub will help advance cutting-edge energy storage and battery technologies that can be used to improve the reliability and the efficiency of the electrical grid, to better integrate clean, renewable energy technologies as part of the electrical system, and for use in electric and hybrid vehicles that will reduce the nation’s dependence on foreign oil.
Energy Department to Launch New Energy Innovation Hub Focused on Advanced Batteries and Energy Storage
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The goal of the Batteries and Energy Storage Hub will be to deliver research leading to revolutionary new technologies. While advancing the current understanding and underlying science around energy storage, the role of the new hub will be to develop radically new scientific approaches, including the exploration of new materials, devices, systems and novel approaches for transportation and utility-scale storage. The hub should foster new energy storage designs and develop working, scalable prototype devices that demonstrate radically new approaches for electrochemical storage, overcoming current manufacturing limitations through innovation to reduce complexity and cost. The ultimate goal will be to surpass the current technical limits for electrochemical energy storage and reduce the risk level enough for industry to further develop the innovations discovered by the hub and deploy these new technologies into the marketplace.
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