Funds to Help Create EV Batteries with 300 Mile Range at Less Than $250/kWh
Palo Alto, Calif., August 11, 2011 – Nanosys, Inc., an advanced materials architect, today announced that the U.S. Department of Energy (DOE) has awarded it funds to refine and bring to scale its SiNANOdeTM materials for the automotive market. These innovations will enable Electric Vehicles (EVs) to travel 300 miles on a single charge. In addition to the primary DOE award of $4.8 million, approximately $6 million will be spent, through sub-awards and matches by the DOE and Nanosys, in the development and commercialization of advanced material technologies and manufacturing in the United States.
Commercialization of High-Capacity Electric Vehicle Battery Materials by Nanosys Approved for by DOE in $11 Million Program
So it sounds like Tesla might be able to lower the cost of the 300 mile option at some point (or greatly improve their profit margins)!
Palo Alto, Calif., August 11, 2011 – Nanosys, Inc., an advanced materials architect, today announced that the U.S. Department of Energy (DOE) has awarded it funds to refine and bring to scale its SiNANOdeTM materials for the automotive market. These innovations will enable Electric Vehicles (EVs) to travel 300 miles on a single charge. In addition to the primary DOE award of $4.8 million, approximately $6 million will be spent, through sub-awards and matches by the DOE and Nanosys, in the development and commercialization of advanced material technologies and manufacturing in the United States.
Commercialization of High-Capacity Electric Vehicle Battery Materials by Nanosys Approved for by DOE in $11 Million Program
So it sounds like Tesla might be able to lower the cost of the 300 mile option at some point (or greatly improve their profit margins)!