The Energy Department is getting ready to hand out about $2 billion in grants to create a domestic industry for electric-car batteries, and 122 companies are scrambling to get pieces. Full Story »
Posted by Derek Hawkins - via NewsRack (Climate Change), NewsRack (Energy), NewsRack (Innovation)
the grants here sound like good news for a number of companies and for more efficient energy use and it's good to know where the money for these jobs is going. the point re new means of energy for large trucks is important. what's not here is enough information about what the companies plan to do in research and development of new metal/chemical types of batteries which is as, if not more, important for the future.
Interesting report on the Energy Department's $2 billion fund to help U.S. manufacturers produce cheaper batteries for electric cars. This article provides verifiable factual information about this initiative and some of the companies applying for grants (Johnson Controls, Dow Chemical, A123 Systems). A few more independent perspectives would have helped give this report more depth and context.
I am glad that Obama is following through on his goal to have 1 million electric cars on the road by 2015. This program seems like an effective way to make electric cars more affordable, as well as create more jobs and reduce U.S. dependence on foreign energy.
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