US Bridges Battery Funding Gaps
The Obama administration’s 2009 stimulus measures provided billions of dollars in new financing for clean energy projects.
Some of this made its way to a US department of energy programme known as ARPA-E, which funds what it calls “outside-the-box technologies that promise genuine transformation in the ways we generate, store and utilise energy”.
It has awarded more than $75m to cutting edge grid storage projects, including “flow battery” technology being developed by General Atomics, an advanced energy storage system using superconducing magnets from ABB, and the “iron air” battery from University of Southern California.
But if even one of ARPA-E’s funded projects ends up fulfilling the ambitions of its developers, it could end up making a very big difference to the way the world uses electricity.
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