Axion Power To Study Electric Vehicle Batteries
New Castle PA (SPX) Feb 03, 2009 Axion Power International has announced that the potential energy efficiencies and cost savings its advanced lead-acid battery will bring to the rapidly-expanding electric car market has earned the Company an award from the Pennsylvania Alternative Fuels Incentive Grant program. The $800,000 first-year grant, which was announced by Governor Edward Rendell on January 29th, is part of the State's overall effort to invest in businesses that are creating important and innovative clean energy and bio-fuels technologies. The award proceeds will be used to demonstrate the advantages the Axion proprietary PbC(TM) battery technology provides in a variety of electric vehicle types including: hybrids (HEVs), such as the popular Toyota Prius; "plug-ins" (PHEVs) used in commuter, delivery and other vehicles; and in EV's and converted (from combustion engine operation) EV's. The PbC battery technology, which replaces simple lead-based negative electrodes used by other manufacturers with its more sophisticated activated carbon electrode assemblies, has significantly enhanced performance characteristics when compared with other advanced lead-acid batteries. Those enhancements include deeper cycling, longer life, elimination of sulfation and shedding on the negative plate, lighter weight, and easier more rapid recharging capabilities. "This grant acknowledges that our PbC technology has a significant role to play in the development of electric vehicles and in the rapidly expanding global market for these non-carbon-generating, energy-efficient vehicles," said Axion Power's CEO Thomas Granville. "PbC batteries have inherent advantages that they share with lead-acid batteries with respect to safety and cost savings when compared with other energy storage technologies. "Our advanced carbon-enhanced products also have advantages associated with: manufacture on existing battery lines and sustainability, because the raw materials used are among the most abundant on the planet. "Our product will also be very environmentally friendly because it will be easy and inexpensive to recycle. "The grant is another important milestone for us. It supports our vision as we demonstrate how our technology will make electric cars, and electric car conversions, more affordable and renewable. We believe that EVs of all types are the most important automotive innovations in the world today." The goals of the Alternative Fuels Incentive Grant program, as announced by Governor Rendell, are to "expand markets for emerging technologies and ultimately make them more affordable for families and businesses." The program also aims to "create jobs, clean the environment and save consumers tens of millions of dollars a year in energy costs." Share This Article With Planet Earth
Related Links Axion Power International Powering The World in the 21st Century at Energy-Daily.com
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