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Reading: U.S. Bets on Faster-Charging Battery in Race to Catch Energy Rivals
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The Wall Street Publication > Blog > Tech > U.S. Bets on Faster-Charging Battery in Race to Catch Energy Rivals
Tech

U.S. Bets on Faster-Charging Battery in Race to Catch Energy Rivals

Editorial Board Published February 26, 2022
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U.S. Bets on Faster-Charging Battery in Race to Catch Energy Rivals
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BELTSVILLE, Md.— The U.S. is far behind its global rivals in the race for energy supremacy in a low-carbon world. To catch up, it is pinning its hopes on companies such as Ion Storage Systems, a next-generation battery company started in a University of Maryland chemistry lab with a $574,275 federal grant.

At a new factory outside of Washington, D.C., Ion Storage will be among the first companies in the U.S. to produce a new kind of faster-charging, longer-lasting battery. The company’s batteries also don’t catch fire; combustibility is a problem that has bedeviled the industry’s batteries for years.

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