YONKERS, New York, July 16, 2019 /PRNewswire/ — alpha-Encorp (OTCQB: ALPE) today announced that it has received a $1 million technology development grant from the New York State Energy Research and Development Authority (NYSERDA). The funding will help to pay for the significant amount of research and development that is required to bring disruptive battery technology from the laboratory to final commercialization.
Once developed, the technology could have wide implications and potentially be used for electric vehicles, portable electronics and stationary batteries, thereby supporting Governor Andrew M. Cuomo’s nation-leading clean energy goals. Current lithium ion batteries for transportation and portable use rely on lithium graphite anodes. For the widespread adoption of electric vehicles and their associated environmental benefits to occur, a lower weight and higher efficiency alternative to the lithium graphite anode must be provided. alpha-Encorp has developed a low energy, low cost, process for the electrolytic deposition of thin films of high purity lithium metal. This project will enable alpha-Encorp to refine and scale up the manufacturing process and demonstrate its product for potential customers.