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United States and South Korea Invest in Lithium Battery Technology

Governments around the globe are showing a commitment to clean energy initiatives by establishing policies and budgeting for research and development in lithium battery technologies. As these technologies are commercialized, especially in the electric vehicle sector, the lithium market is poised to see an increase in demand in the future.

Building on earlier lithium market themes, the United States Department of Energy has recognized a private company with initiatives to develop advanced lithium batteries. Last spring, the US launched “America’s Next Top Energy Innovator Challenge” in an effort to facilitate the commercial production of innovative and promising technologies based on government funded patents and research. With more than 40 companies signing option agreements to license the cutting-edge technologies, the United States’ strong commitment to clean energy remains a cornerstone of the current policy direction.

Vorbeck Materials is one of the most recent companies to enlisted in the program. The company is attempting to develop a method for building nano structures to enhance lithium battery performance. The small firm is licensing a patent from the Pacific Northwest National Laboratory to develop better lithium air and lithium sulfur batteries. According to the company, the proprietary content of their lithium battery stores twice the electricity at high charge as current lithium-ion batteries, improving battery capacity and enabling longer cycle life.

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