Word: ions
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...Henderson, Nev., high school that not so long ago, the U.S. made barely 2% of the advanced batteries used in the world's electric vehicles. Now, thanks to a multibillion-dollar federal investment, American companies are positioned to increase production tenfold - and potentially control 40% of the global lithium-ion-battery market by 2015. "We've created an entire new industry," Obama said...
...quite, but certainly the beginnings of one. Demand for lithium-ion batteries is increasing dramatically as electric-car technology improves and prices drop. Nissan has introduced the all-electric Leaf, and this year Chevy will debut the long-anticipated gas-electric Volt. Those and future electric cars need battery packs, and at least a dozen American lithium-battery start-ups are competing with Asian companies such as Sanyo and Hitachi to provide them. "There's a tremendous amount of competition," says David Vieau, chief executive of A123 Systems, a Watertown, Mass., start-up powered by federal money that is vying...
...business. The consulting firm Pike Research estimates that the global market for lithium-ion batteries could grow from $877 million this year to $8 billion by 2015. In North America, the market is expected to expand from about $287 million this year to $2.2 billion...
...Ion Banner has been told that the waves have come. And he is ready for Mavericks, the legendary surf contest timed to the optimal moment when winter storms push the Pacific's waters over singular underwater reefs to create enormous and deadly waves off the Northern California coast not far from Half Moon Bay. Like a matador choosing his cape before facing a bull, Banner, a contestant, pauses between two of his sleek surfboards. One is 9 ft. 8 in. and curved like a bow. More maneuverable, it will let him slash his turns across the face of the monstrous...
...getting $528 million in low-interest, government-guaranteed loans to refine its plug-in hybrid-drive system, originally developed by its partner Quantum Technology of Irvine, Calif., with grants from the U.S. Department of Defense. Using that technology, the Karma can travel for 50 miles on lithium-ion batteries before the gasoline engine turns on to act as a generator, Fisker says. The preliminary price tag for the Karma...