ReVolt Technology applies for $30m in government research grants for its zinc-air batteries for vehicles and renewable energy storage

2 September 2009

Oregon, US-based ReVolt Technology, a developer of rechargeable zinc-air batteries, is applying for $30m in grants from US Department of Energy under the American Reinvestment and Recovery Act to accelerate the commercialisation of its large format zinc-air batteries for energy storage and electric vehicle applications.

ReVolt has also selected and will be moving its US headquarters and manufacturing centre to Portland, Oregon. By locating in Oregon, the company will be eligible, and intends to apply for, Business Energy Tax Credits from the Oregon Department of Energy for battery research and production.Securing government grants and tax credits will allow ReVolt to significantly accelerate its operations in Portland and US expansion.

James P McDougall, CEO of ReVolt Technology said, ‘In applying for government research funding, ReVolt is answering these agencies’ call for innovative technologies driving energy independence and US leadership in advanced battery designs underpinning the next generation of vehicles, networked devices and power grids. There is a tremendous, mutually-beneficial opportunity in Portland’s clean-tech sector and clean energy stimulus programmes to fast-track our proven technology and production goals if we are among innovators selected for research funding.’
State and federal officials intent on fostering innovative and clean energy technologies have expressed support.

‘Oregon has shown again that supporting efforts to reduce our greenhouse gas emissions is an effective economic development strategy that delivers jobs to Oregonians,’ Governor Ted Kulongoski said. ‘We can attribute today’s good news to our commitment to the next generation of lower and zero-emission vehicles – and the state’s business incentives that foster innovation and grow Oregon’s renewable energy sector.’

Copyright © 2009 NewNet

Tags: battery technology, energy storage

This story was published on Wednesday, September 2nd, 2009 at 12:46 pm and is filed under North America, companies, energy storage. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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