Cut Foreign Oil Dependence? Argonne Gets Grant That Could Help
Argonne National Laboratory received a $120 million federal grant to create revolutionary battery technology that could help promote American energy independence.
The Argonne National Laboratory received a $120 million federal grant that could help slash dependence on foreign oil, U.S. Rep. Dan Lipinski (D-Western Springs) announced Thursday. Argonne, a non-profit research lab operated by the University of Chicago for the Department of Energy, will devote the grant to developing revolutionary battery technology for transportation and the electric grid, according to a news release from Lipinski's office. The federal funding will be delivered over five years and "has the potential of creating a revolution in battery technology that slashes dependence on foreign oil and makes our region the worldwide leader in battery manufacturing," the news release stated. "This award sets up Argonne National …
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Bob R
9:00 am on Saturday, December 1, 2012
Because of market demand, the US is on it's way to mining our own. Supply and demand. Here is an article from Forbes: http://www.forbes.com/sites/ciocentral/2012/06/08/rare-earth-minerals-an-end-to-chinas-monopoly-is-in-sight/ more ›