Nanosys will use the primary DOE funding of $4.8m to refine and bring to scale its SiNANOde materials for the automotive market.
In addition, Nanosys will spend about $6m, through sub-awards and matches by the DOE and Nanosys, in the development and commercialization of advanced material technologies and manufacturing in the US.
The grant is a part of the DOE’s intention to accelerate the development and deployment of advanced vehicle technologies through targeted programs aimed at increasing vehicle efficiency.
The agency has set a target for bringing the cost of lithium-ion batteries down to $250/kWh and increasing capacity to 300 miles per charge for the next generation of electric vehicles.
US Energy secretary Steven Chu said DOE is investing in new advanced technologies that will improve vehicle fuel economy, save consumers money.
Nanostart is a nanotechnology investment company based in Frankfurt, Germany.
Us based Nanosys is a nanotechnology company that designs products based on a technology platform that incorporates high performance inorganic nanostructures.
