The project entails the transfer of technology, and the joint development of new intellectual property, enabling FPTI to develop a leading position in energy storage technologies. The modular approach for the battery will allow the design to target the storage of renewable energy for stationary applications, while in transportation, motorcycles, trucks and buses will be the primary focus.

The combination of MIRA expertise in the international automotive market together with FPTI’s knowledge of energy production and storage for large stationary applications provides the development base. In addition, the initial program will provide the basis for further low-carbon developments.

MIRA’s work spans the automotive, defense, aerospace and rail industries and includes the development of advanced low-carbon and autonomous-vehicle technologies.