EnerG2, a Seattle-based startup in the energy storage market, has received $21.3 million in federal stimulus funding from the Department of Energy to build a high-tech facility in Oregon for commercial-scale production of its nano-engineered ultracapacitor energy storage material.
EnerG2 uses University of Washington technology to create ultracapacitors which store and release more energy faster than conventional batteries.
In a press release announcing the funding, Rick Luebbe, CEO of EnerG2, said, “We appreciate the Department of Energy’s confidence in us and we are eager to help the next generation of clean transportation become a reality. We are confident that our materials will improve these vehicles’ efficiency, range and affordability.”
Related external links (will open a new window):
EnerG2 – Seattle – August 5, 2009
Related WTC links:
– end of post –