Amprius Technologies Inc (AMPX)

[TradingCharts]

SOUTHFIELD, Mich., May 2, 2022 – The United States Advanced Battery Consortium LLC (USABC) today announced the award of a $3 million technology development contract to Amprius Technologies in Fremont, California for a low-cost, fast-charge silicon nanowire cell technology for electric vehicles.

The contract award, which includes a 50 percent cost share, funds a 30-month project that began earlier this year. The focus of the program is to develop a material structure and composition for their silicon nanowire anode, with the goal of extending both cycle and calendar life.

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC’s mission is to develop electrochemical energy storage technologies that advance commercialization of next-generation electrified vehicle applications. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress. For more information, visit https://uscar.org/usabc.
https://uscar.org/uncategorized/usabc-awards-3-million-low-cost-fast-charge-ev-battery-technology-development-contract-to-amprius-technologies/