Research from Argonne National Laboratory will support the advancement of emerging battery technology backed by Volta Energy Technologies, which is funded by corporates Equinor, Exelon, Albemarle and Hanon Systems.
US government-owned research lab Argonne National Laboratory has entered a research agreement with a $180m battery technology fund backed by speciality chemicals supplier Albemarle and energy companies Equinor and Exelon.
Hanon Systems, a distributor of energy management technologies for automotive vehicles, has also committed to the fund, which was founded in 2017 under the moniker Volta Energy Technologies.
Volta aims to uncover promising battery-related technologies which could potentially be of use to its limited partners, which hope to complement their in-house research and development in the area.
Argonne’s role includes providing resources to help Volta’s portfolio companies develop their applications. Volta also claims to have access to research from all US national labs and major universities in the country, in addition to some institutions in the UK, Germany, Japan and China.
Advanced battery technologies are considered crucial to the operation of power grids that use renewable energy…
