Axion Power wins DOE Awards Grant for PbC battery use in micro-hybrids
Axion Power International Inc. (OTC Bulletin Board: AXPW), the developer of advanced lead-carbon PbC® batteries and energy storage systems, announced today that it has been awarded a $150,000 grant from the U.S. Department of Energy (DOE) to fund a commercialization plan for the use of its PbC batteries in a "low-cost, high-efficiency" dual battery architecture for micro-hybrid vehicles.
Wait, there’s more. According to the news release, this initial $150,000 can lead to a larger award; and in this reporter’s opinion, would be well worth the investment simply because it would benefit more car owners than present electrification allows.
For the record, I have been reporting here at Torque News that micro-hybrid vehicles may well be on their way to becoming the most common type of automotive vehicle. Read Stop-start technology to advance more micro hybrids by 2016. The news release stated that the estimated market size is 25 million by 2016.
These micro hybrids currently utilize a "start-stop" system which automatically turns off the engine when the vehicle comes to rest, and then automatically restarts the engine when the brake is disengaged. Fact is, an engine that is turned off burns no fuel; nor does it pollute during that phase.
Next generation micro-hybrid vehicles will, and in some cases already do, include added features such as regenerative braking. This is called "sailing" whereby the engine is turned off as the vehicle slows or coasts below a pre-determined speed. and perhaps some form of battery assist to the initial vehicle acceleration.