 With the specific goal to improve battery technologies by a significant margin in both capacity and cost, the Argonne National Laboratory in Chicago has been selected by the U.S. Department of Energy for $120 million dollars in funds for the next five years in addition to a $35 million dollar facility turning Chicago into the nation's next hub for clean technologies.
At the end of November, the U.S. Department of Energy announced that it had selected Argonne National Laboratory in suburban Chicago to host the Joint Center for Energy Storage Research (JCESR), and bestowed upon it a $120 million grant over 5 years, alongside a $35 million commitment for a new 45,000 square foot facility from the State of Illinois.
As noted in this article in the Chicago Tribune, the goal for the JCESR is to improve battery technologies by a factor of five — five times cheaper, with five times higher performance — within five years.
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