COMMERCIALIZATION OF HIGH-CAPACITY ELECTRIC VEHICLE BATTERY MATERIALS BY NANOSYS APPROVED FOR BY DOE $11 MILLION PROGRAM

COMMERCIALIZATION OF HIGH-CAPACITY ELECTRIC VEHICLE BATTERY MATERIALS BY NANOSYS APPROVED FOR BY DOE $11 MILLION PROGRAM

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 SiNANOde™ 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.

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