It's not necessarily bad news, though.
In a now-retracted government document, we learn that Dyson is getting UK government money to 'develop a new battery electric vehicle.'
How easy is it to plan for the future when you've got billions of dollars at stake and no crystal ball? A group of automotive industry leaders get together to talk it out.
*UPDATE: We've put the official announcement from Sakti3 below.
It's been quite a while since we've heard anything from Sakti3, the Ann Arbor-based battery company that has been working on next-generation solid state lithium batteries for many years. Heck, even the company's website doesn't have any news that isn't a year old. Thankfully, our friend Jim Motavalli, who blogs for Car Talk, recently talked to Sakti3's Ann Marie Sastry on the eve of her company being named an affiliate of the US Department of Energy's Joint Center for Energy Storage Research (JC
Solid-state battery technology is the electric vehicle Holy Grail. Or is it?
Matthew Dakotah over at the Huffington Post has been writing a special "Women in Power" series that profiles leaders in energy and environmental innovation. His latest article on Ann Marie Sastry piqued our interest since she happens to be President and CEO of Sakti3. If you recall, Sakti3 is a promising next-generation lithium-ion battery developer that General Motors and Itochu invested $4.2 million in late last year.
A little over a month ago, General Motors Ventures announced its first investment: an undisclosed amount in Indiana-based plug-in hybrid van maker Bright Automotive. Today, GM Ventures revealed its second partner: Sakti3, a somewhat secretive lithium-ion battery developer based in Ann Arbor, MI. GM Ventures and Itochu Technology Ventures have invested $4.2 million into Sakti3, Inc., "to advance the firm's manufacturing capabilities," and to speed up commercialization of the battery cells, accord
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.
Michigan is quickly becoming a center of lithium ion battery manufacturing in the United States. Funny thing is, almost none of the companies setting up factories in the state are based there. Sakti3 Inc. wants a piece of that battery pie and it was formed right here in Ann Arbor. Sakti3 is the brainchild of Professor Ann Marie Sastry of the University of Michigan. Sastry's research at the university focuses on two areas: battery materials and manufacturing processes.
Sun Microsystems founder Vinod Khosla has not been shy about making his bets on the automotive future known. Wherever there has been an opportunity to invest in or promote advanced ethanol, it seems Khosla was there, giving it at least a cursory look (see, for example, Coskata, which GM also invested in). He even described his "big biofuels bet" back in 2006.
Sakti3, a lithium-ion battery start-up company based in old Detroit got its start in 2007 with the help of University of Michigan professor Ann Marie Sastry. Now, we hear that the company has not only secured $15 million capital for its project, but is also doing paperwork to get an additional $15 million from the Department of Energy. Sastry is being supported by Michigan Gov. Jennifer Granholm and Sen. Carl Levin (D-MI). The aim? Manufacturing lithium-ion batteries. The company is talking abou