On June 16, 2009, the Department of Energy ("DOE") announced the funding of seven research projects for the development of advanced batteries for electric drive vehicles.  The projects focus on improving performance and decreasing the cost of batteries for plug-in hybrid electric vehicles ("PHEVs").  PHEVs are designed to be driven in electric-only mode and can be recharged from a standard electric outlet.

These research projects were selected under a Funding Opportunity Announcement ("FOA") released on February 29, 2008.  So far, a total of ten projects have been awarded under this FOA.  The most recent awardees include:

Company Award Project Description
A123Systems, Inc. $1.1 million High throughput electrode fabrication process for lithium ion battery technology
Angstron Materials LLC, K2 Energy Solutions, General Motors Corp., and HST Auto up to $3.2 million Hybrid nano carbon fiber/graphene platelet-based high-capacity anodes for lithium batteries
 EnerDel Inc.  up to $3.3 million Chemical shuttle agent that will eliminate the danger of overcharging lithium ion batteries
 MaxPower Inc.  up to $500,000 Adapt MaxPower’s present battery management systems for lithium-ion batteries to recognize the imminent appearance of an internal short circuit
 North Carolina State University and American Lithium Energy LLC  up to $1.35 million High-energy composite nanofiber anodes for materials for lithium ion batteries
 SION Power Corp  up to $800,000 Lithium sulfur (Li-S) rechargeable battery chemistry
 TIAX LLC  up to $2.36 million Understanding and preventing internal short circuits in lithium ion cells