Wednesday, October 26, 2022

U.S. Gives Battery Technology Worth $15M to China

 The U.S. Department of Energy illegally gave China $15 million in taxpayer-funded, groundbreaking technology for a powerful rechargeable battery used for grid energy storage. It took six years to develop a vanadium redox flow battery that could power a house and could be charged and recharged for up to 30 years.

The #WasteOfTheDay:

  • The DOE gave the Chinese the technology in 2017 and 2021 as part of a sublicense and license transfer, respectively
  • UniEnergy Technologies, a company in Washington state, was forced to shut down after being unable to get a license from the DOE
  • Another company, Forever Energy, was unsuccessful in getting a license and is now manufacturing the batteries in China

https://thepoliticalinsider.com/u-s-gives-battery-technology-worth-15m-to-china/?utm_source=home-featured

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