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Farasis Energy was awarded a $4.1 million battery technology development contract by USABC

May 6, 2021 – The United States Advanced Battery Consortium LLC (“USABC”) announced the award of a $4.1 million technology development contract to Farasis Energy for a low-cost/fast-charge (LC/FC) electric vehicle (EV) battery program. The program’s goal is to develop LC/FC lithium-ion batteries using advanced electrode materials, electrolyte and cell design.