On September 3, 2020, battery producer QuantumScape announced its initial public offering (IPO) on the New York Stock Exchange through a reverse-merger with the special public acquisition company Kensington Capital Acquisition Corp. at an implied value of $3.3 billion. QuantumScape spun out of a project at Stanford University that was awarded $1.5 million to develop transportation battery technology under the Batteries for Electrical Storage in Transportation (BEEST) program.
CREATING DOUBLE ENERGY DENSITY ANODES FOR LITHIUM-ION BATTERIES UPDATED: February 24, 2016PROJECT TITLE: Doubling the Charge Density of Anodes in Lithium-Ion Batteries for TransportationPROGRAM: SBIRAWARD: $2,975,000 + $250,000PROJECT TEAM: Sila Nanotechnologies (Lead); Georgia Institute of TechnologyPROJECT TERM: October 2012 – March 2016
ENHANCED BATTERY CELL PERFORMANCE AND AUTOMATED CELL FABRICATION UPDATED: FEBRUARY 24, 2016 PROJECT TITLE: Semi-Solid Flow Cells for Automotive and Grid-Level Energy StoragePROGRAM: BEEST AWARD: $5,975,331PROJECT TEAM: 24 M (Lead); Massachusetts Institute of Technology; Rutgers University PROJECT TERM: September 2010 – February 2014
WASHINGTON, DC -- U.S. Department of Energy Secretary Steven Chu announced today that up to $130 million from the Advanced Research Projects Agency-Energy (ARPA-E) will be made available to develop five new program areas that could spark critical breakthrough technologies and secure America's energy future.
Vice President Biden Announces Recovery Act Funding for 37 Transformational Energy Research Projects
At a Recovery Act Cabinet Meeting today, Vice President Joe Biden and Secretary of Energy Steven Chu announced that the U.S. Department of Energy is awarding $106 million in funding for 37 ambitious research projects that could fundamentally change the way the country uses and produces energy.
The United States faces extraordinary challenges in the 21st century, from creating jobs to protecting the environment and reducing our energy dependency, but with strategic and smart investment we can create game-changing new technologies that overcome these challenges. The question is, will the U.S. make the choices necessary to “win the future?” Dr. Arun Majumdar -- the director of our advanced research agency, ARPA-E -- believes we can and should.
This workshop served as an opportunity for ARPA-E leadership to engage with leading experts to obtain insight on vehicle energy storage technology areas that are ripe for and in strong need of transformational technology development.