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24m

MIT flow battery breaks mold for cheap storage

Instead of filling up with gasoline, electric cars with a new design may one day refuel their batteries with "Cambridge crude."

Researchers from the Massachusetts Institute of Technology today published details on a battery design that reinvents the operation of traditional lithium ion batteries by using flowable, rather than solid, materials. In a paper published in the journal Advanced Energy Materials, they said the approach has the potential to boost battery storage capacity many times today's levels while being inexpensive to manufacture for both electric vehicles and grid storage.

The technology developed in the lab has been licensed to 24M, … Read more

A123 spinoff 24M funded for novel energy storage

Yet-Ming Chiang, the MIT professor whose research led to the creation of lithium ion battery company A123 System, and his colleagues have started a new company to address the limitations of today's rechargeable batteries.

Called 24M Technologies, the early-stage company on Monday announced that it has raised $10 million in a series A round of venture funding from Charles River Ventures and North Bridge Venture Partners. 24M Technologies also recently received a grant from the Department of Energy which will bring the Cambridge, Mass.-based company between $5.5 million and $6 million.

The technology behind 24M came about … Read more