Stimulus Bill May Include Advance Battery Funding

Stimulus Bill May Include Advance Battery Funding
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Axion Power, a lead-acid battery company developing a lead-carbon version, has announced an agreement with Exide Technologies, a battery production and recycling company, for the purchase and distribution of its new battery technology, reports AutoblogGreen.
The new agreement between Exide and Axiom will cover battery production for cars and light trucks, along with hybrid cars, plug-in electric vehicles, fuel cell-powered vehicles, and various vertical applications like marine, military, transport, and off-road vehicles.
Previously, Axion received an $800,000 grant from the State of Pennsylvania to fund lead-carbon battery testing, according to the article
A significant allocation of funds for advance battery with like Acterna FTB-100 Battery, Acterna FTB-400 Battery, Acterna MTS-5000 Battery, Acterna MTS-5000E Battery, Acterna MTS-5100 Battery, Anritsu Lite3000(E) Battery, EXFO FTB-100 Battery, EXFO FTB-400 Battery, EXFO FTB-150 Battery, EXFO FTB-200 Battery, EXFO XW-EX002 Battery, EXFO Battery research could find its way in the stimulus package proposed by President-elect Obama and Congressional Democrats. A mix of battery funding loan programs is expected to be put in place next month as Congress convenes to decide how to use the $800 billion stimulus bill to spur the economy and build more fuel-efficient cars.
How much money will battery makers see? The exact figures are still being worked out. However, The Detroit News says that some lawmakers are pushing for at least $1 billion in funding for "a broad-based manufacturing support program."
The recently formed Li-ion battery consortium of 14 major U.S. based battery makers is likely to be among the recipients of the money. The partnership has already made its own plea for $1 billion to build facilities for producing advanced automotive batteries.