USABC AWARDS $3.8 MILLION LOW-COST/FAST-CHARGE EV BATTERY TECHNOLOGY DEVELOPMENT CONTRACT TO 24M TECHNOLOGIES INC.
SOUTHFIELD, Mich., April 13, 2023 – The United States Advanced Battery Consortium LLC (USABC) today announced the award of a $3.8 million technology development contract to 24M Technologies Inc. in Cambridge, Massachusetts for a low-cost/fast-charge EV battery development program.
The contract award, which includes a 50 percent cost share, funds a 24-month project that began last month. The program’s goal is to develop low-cost/fast-charging cells with Li metal anodes and cathodes of lithium iron phosphate or lithium manganese iron phosphate, along with both the electrolyte solution and the separator optimized to support fast charging as well as low temperature operation.
USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC’s mission is to develop electrochemical energy storage technologies that advance commercialization of next generation electrified vehicle applications. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress. For more information, visit http://www.uscar.org/usabc.
“The low-cost/fast-charge EV battery contract award with 24M is part of USABC’s broad battery technology research and development program,” said Warwick Stirling, executive director of USCAR. “Programs like this are critical to advancing the technology needed to meet both near- and long-term goals that will enable broader scale vehicle electrification.”
The U.S. Department of Energy’s overarching mission is to advance the national, economic and energy security of the United States. DOE’s Vehicle Technologies Office works with industry, academia and national laboratories to develop advanced transportation technologies that improve energy efficiency, increase energy security, and reduce operating cost for consumers and business. Electrochemical energy storage has been identified as a key enabling technology for advanced, fuel-efficient, light and heavy-duty vehicles.
USCAR is the collaborative automotive technology company for Ford Motor Company, General Motors and Stellantis. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development. For more information, visit www.uscar.org.
All USCAR Member companies have joined in becoming signatories of the Responsible Raw Materials Initiative (RRMI, now part of the Responsible Minerals Initiative, RMI) Declaration of Support.