USABC AWARDS $4 MILLION TO SINODE SYSTEMS TO DEVELOP ADVANCED BATTERY MATERIALS FOR ELECTRIC VEHICLES
Chicago, IL, June 20, 2016 – The United States Advanced Battery Consortium LLC (USABC), a collaborative organization of FCA US LLC, Ford Motor Company and General Motors, today announced the award of a $4 million contract to SiNode Systems Inc., in Chicago, Illinois, for development of advanced anode materials for automotive lithium-ion battery applications.
The competitively bid contract award is 50 percent cost share-funded by the U.S. Department of Energy (DOE).
The 30-month program will focus on the development of silicon-graphene high-energy anode material appropriate for vehicle applications and the development and scale up of pouch cells that exhibit anode performance metrics that exceed the minimum USABC targets for active materials development for electric vehicles.
“SiNode Systems is pleased to be a recipient of this grant and is proud to contribute to USABC’s battery technology research and development programs,” said Samir Mayekar, Co-Founder and CEO of SiNode Systems. “We believe our advanced anode materials technology will be an enabler in improving the performance and reducing the cost of advanced batteries for vehicle electrification.”
USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. DOE, USABC’s mission is to develop electrochemical energy storage technologies that support commercialization of hybrid, plug-in hybrid, electric and fuel cell vehicles. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress. For more information, visit the USABC’s website at https://www.uscar.org/usabc
About SiNode Systems
Founded in 2012, SiNode Systems is an advanced materials company developing silicon-graphene materials for the next generation of lithium-ion batteries. SiNode materials offer higher battery capacity and faster charging rates, all while being produced via a low cost solution chemistry-based manufacturing process. SiNode seeks to change the landscape for lithium-ion batteries so they can meet the demands of a wide range of industries, from consumer electronics to electric vehicles. For more information visit https://sinodesystems.com/
June 20, 2016 ###