Altair Nanotechnologies, Inc. (Altairnano) (NASDAQ: ALTI), a leading provider of energy storage systems for clean, efficient power and energy management, today announced it received a grant award of $100,000 from the Department of Energy under the Small Business Research and Small Business Technology Transfer programs. Research under the grant is expected to begin the week of June 20th and continue for a six month period.
Under the grant, Altairnano will conduct research relating to the surface modification of electrode coatings in battery cells with the objective of increasing temperature and cycle life performance by decreasing reaction rates with the electrolyte.
"This grant represents an important milestone in our work with the Department of Energy and demonstrates the agency's commitment to advancing domestic energy storage solution technologies," said Terry M. Copeland, Ph.D., Altairnano's chief executive officer. "Altairnano's energy storage and battery systems already perform at some of the highest temperature ratings and life cycles." Headquartered in Reno, Nevada with manufacturing in Anderson, Indiana, Altairnano is a leading provider of energy storage systems for clean, efficient power and energy management. Going beyond lithium ion, Altairnano's Lithium-Titanate based battery systems are among the highest performing and most scalable, with applications that include complete energy storage systems for use in providing frequency regulation and renewables integration for the electric grid, battery modules and cells for mass transit applications, and battery packs for several different military applications.