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Altairnano Signs $2.5M US Navy Contract for Li-ion Backup Systems
30 January 2008
Altair Nanotechnologies Inc. has signed a $2.5 million contract with the United States Navy for the development of lithium-ion battery backup power systems in Naval applications.
Under the terms of the contract, Altair will develop an optimized battery cell employing its nano-sized lithium titanate (n-LTO) electrode materials and then demonstrate the performance and safety attributes of the cell. Altair will also develop and demonstrate a modular system design for utilization of the product technology in multiple military applications, including energy and power storage for Naval applications.
The $2.5 million contract is funded as part of a $3.3 million United States Navy program that includes independent product testing by the Navy.
We are proud to be working with the US Navy and assisting in the launch of a new class of battery backup systems for its fleet performance application. Warships, in particular, run two generators continuously, one to supply energy and one to provide a backup energy source. The fuel cost for the backup is staggering. We look forward to working with the Navy team in developing and commercializing our product technology.
—Alan Gotcher, Altairnano CEO and President
January 30, 2008 in Brief | Permalink | Comments (6) | TrackBack (0)
Comments
Posted by: Neil | January 30, 2008 at 09:36 AM
The US government deals will be vital for the US battery suppliers. The navy is not going to use Chinese batteries in its nuclear submarines!
Posted by: Lulu | January 30, 2008 at 10:07 AM
All well and good but I'm containing my excitement until I hear about a deal with a power utility and gasoline distributer for a battery to offer fastcharge services as well as load leveling.
Then we're off to the races.
Posted by: drivin98 | January 30, 2008 at 03:32 PM
At present there are no EVs of significance to fastcharge. But if the Altair battery is adopted by a major automaker you can be sure there will be re-energizing stations springing up to replace outdated gasoline.
Posted by: gr | January 30, 2008 at 03:57 PM
$2.5 million is buttons compared to what Altair will be getting in the near future.
Posted by: clett | January 31, 2008 at 04:24 AM
LuLu,
See Altair/AES Corp Press releases...
Posted by: wow | January 31, 2008 at 01:55 PM
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Hopefully this will give Altair the chance to start large scale production of their battery and bring costs down. The power density, cycle life and safety characteristics of the Altair bat sounds like a very good fit for this application.