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Greentech Media said:

The Department of Energy announced $106M today in funding for 37 experimental projects that could radically change the ways that we think of “alternative energy.”

One of these projects is an inexpensive, rechargeable magnesium-ion battery for electric and hybrid-electric vehicle.

Pellion Technologies, Inc. – $3.2M – the project will develop an inexpensive, rechargeable magnesium-ion battery for electric and hybrid-electric vehicle applications. Computational methods and accelerated chemical synthesis will be used to develop new materials and chemistries.

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