DOE wants 5X battery power boost in 5 years

US Department of Energy

US Department of Energy

The U.S. Dept. of Energy has set a goal to develop battery and energy storage technologies that are five times more powerful and five times cheaper than today’s within five years. To accomplish this, U.S. Energy Secretary Stephen Chu is taking some lesson from U.S. history. The DOE is creating a new Joint Center for Energy Storage Research, at a cost of $120 million over five years, that’s intended to reproduce development environments that were successfully used by Bell Laboratories in the World War II Manhattan Project that produced an atomic bomb. Read the full story at ComputerWorld.

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Shelly Palmer

Shelly Palmer is Managing Director, Digital Media Group at Landmark Ventures/ShellyPalmer a technology focused Investment Banking & Advisory practice specializing in M&A, Financings, Strategic Partnerships and Innovation Access. He is Fox 5 New York's On-air Tech Expert and well known for his work on Fox Television's Shelly Palmer Digital Living as well as his daily radio report on United Stations Radio Networks. For more information, visit shellypalmer.com.

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