A US company has been awarded $1 million (£0.77m) to help commercialise its battery technology.
Saratoga Energy’s process for synthesising graphite from carbon dioxide is said to transform lithium-ion battery production.
The firm says graphite made with its patented process can charge and discharge more quickly, making it ideal for electric vehicle owners.
CEO Saratoga Energy adds: “People can spend less time plugged in and more time driving, which helps EVs be more competitive with gas vehicles.”
The grant will help the company establish a pilot production facility and ramp up production.