ActaCell has been awarded a funding of about $3m over a 3-year period from the US Department of Commerce’s National Institute of Standards and Technology (NIST) for the production scale up of nanocomposite alloy anode materials for lithium-ion batteries to be used in electric vehicles (EVs) and other demanding applications.
The funding has come through NIST’s Technology Innovation Program (TIP).
The company said that this new electric vehicle technology is in addition to the company’s initial lithium-ion technology targeted at the Hybrid Electric Vehicle Market.
Recently, ActaCell identified the medium-to-heavy duty hybrid truck market as the initial best fit for its technology based on a set of rigorous tests run in conjunction with AVL Powertrain, an engineering, solution and testing company for the automotive industry.
ActaCell is commercializing this new lithium-ion anode technology-based on its ability to deliver lower cost and improved safety for materials used in pure electric vehicles, according to the company.