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Sakti3, an Ann Arbor, Michigan-based company that develops lithium-ion batteries for electric and hybrid vehicles, has secured additional funding worth an additional $7 million that will help them expand production facilities and develop new technologies.

It's likely that at some distant point in the future, lead-acid starter batteries will go the way of the dodo, at least in green cars. The fact is that newer technologies like nickel metal hydride and lithium ion are much lighter than the lead-acids currently underhood of nearly every car in the world. Still, advancements in lead-acid technology are being made, and as more and more vehicles begin demanding more from their batteries, the humble lead-acid battery is changing with the times. For in

Cobasys, A123 Systems, Firefly, Altair Nanotechnologies, Johnson Controls, Saft Advanced Power Solutions. AutoblogGreen readers know these names and the high-tech batteries the companies' engineers are working on, but USA Today is introducing them to the Average American in near-hyperbolic terms: as rock stars.

As we mentioned the other day, Firefly Energy is setting out to change the way we think of lead-acid batteries. Mil Ovan, Firefly Energy co-founder, spoke with AutoblogGreen about this new battery technology and what it might mean for PHEVs and EVs.