Volta charges up $180m fund with corporate help

Mar 29, 2019 • Callum Cyrus

Equinox, Exelon, Albemarle and Hanon Systems have helped establish a battery technology fund called Volta Energy Technologies which is supported by a research agreement with Argonne National Laboratory.

US government-owned research laboratory Argonne National Laboratory has formed a research agreement with a $180m US-based battery technology fund backed by speciality chemicals supplier Albemarle and energy companies Equinor and Exelon, Fortune has reported.

Hanon Systems, a distributor of energy management technologies for automotive vehicles, has also committed to the fund, which was founded in 2017 under the moniker Volta Energy Technologies.

Volta was launched to uncover promising battery-related technologies which could potentially be of use to its limited partners, which…

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