Skip to comments.Press Release: $120 million DOE grant boosts California energy storage accelerator (CalCEF & JCESR)
Posted on 12/04/2012 10:04:30 AM PST by NormsRevenge
SAN FRANCISCO, Dec. 4, 2012 /PRNewswire/ -- A new California innovation accelerator for energy storage firms is getting a "fresh charge," thanks to the U.S. Department of Energy.
CalCharge a partnership between Lawrence Berkeley National Laboratory and CalCEF, a family of nonprofit organizations working to promote the transition to a clean energy economy-- will play a central role in the newly announced Joint Center for Energy Storage Research (JCESR), the latest U.S. Department of Energy Innovation Hub.
JCESR, led by Argonne National Laboratory in Indiana, will combine the R&D power of five DOE national laboratories, five universities, and four private firms, all committed to achieving groundbreaking advances in battery performance and energy storage. The Department of Energy's commitment includes up to $120 million in funding over the next five years.
"Playing a role in the Joint Center for Energy Storage Research further cements California's role as a national leader in cutting-edge energy technologies," said Venkat Srinivasan, head of the Energy Storage and Distributed Resources groups at Berkeley Lab. "JCESR will provide hands-on support for energy storage firms, from lab space and equipment to networking with top researchers at Berkeley Lab."
The formation of CalCharge was announced earlier this year, with an operational launch planned for the first quarter of 2013. CalCharge will bring together emerging and established California companies, academic and research institutions, government bodies, and financing sources to jumpstart a new era of energy storage technologies for the electric/hybrid vehicle, grid, and consumer electronics markets. Through its programs, CalCharge will enable diverse stakeholders to collaborate, identify barriers to emerging technology success, develop solutions, and help provide access to resources that clear the path to commercialization.
(Excerpt) Read more at finance.yahoo.com ...
Oh, and you own a piece of this. Thanks.