Green tech company A123 on Monday launched a spinoff, 24M, which will commercialize next-generation energy storage systems based on its technology. 24M has received funding from the Department of Energy and the Department of Defense, as well as venture capitalists. The company will work with MIT and Rutgers University to commercialize A123’s technology. Both 24M and A123 revealed little information about the “breakthrough technology” that would be commercialized, apart from saying that it combines attributes of rechargeable batteries, fuel cells, and flow batteries.
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Next-Gen Battery Tech Could Help Power Plants Go With the Flow
Posted by: Richard Adhikari August 16, 2010 11:33 AMGreen tech company A123 on Monday launched a spinoff, 24M, which will commercialize next-generation energy storage systems based on its technology. 24M has received funding from the Department of Energy and the Department of Defense, as well as venture capitalists. The company will work with MIT and Rutgers University to commercialize A123’s technology. Both 24M and A123 revealed little information about the “breakthrough technology” that would be commercialized, apart from saying that it combines attributes of rechargeable batteries, fuel cells, and flow batteries.