MANHASSET, N.Y. Nanoexa, a
nanotechnology-based clean energy company, and Decktron, a lithium battery and display company have signed an agreement to develop and commercialize lithium battery technology originally developed at the U.S. Department of Energy's Argonne National Laboratory.
Both companies expect to leverage Argonne's technology to introduce batteries with increased power output, storage capacity, safety and lifetime for high discharge rate applications such as hybrid/electric vehicles, power tools, and radio control devices.
"As part of the FreedomCAR Partnership between the U.S. Department of Energy (DOE) and U.S. automobile manufacturers, we at Argonne have been conducting research and development to help industrial battery developers lower cost and increase the lifetime and inherent safety of high-power lithium batteries," said Gary Henriksen, manager of Argonne's Battery Technology Department, in a statement.
Lithium batteries represent a global market of $6 billion, growing at an annual rate of 10 to 15 percent, according to analysts.