Exciting news to share about a Clean Energy Challenge alum! SiNode, a 2012 Clean Energy Challenge participant based in Evanston, IL, will receive $1 million in funding through the U.S. Dept of Energy - Office of Energy Efficiency and Renewable Energy (EERE).
They previously have undergone Phase I funding from the Small Business Innovation Research (SBIR) team of the EERE, and now have earned Phase II funding of $1 million from the SBIR. This next round of funding is in recognition of their impressive work since Phase 1, in which they have tripled their staff, secured over $1 million from outside angel and venture capital firms, and won the Energy Department's 2013 Nation Clean Energy Business Plan Competition.
SiNode develops improved Lithium-Ion batteries that increase efficiency and reduce cost, leading to better battery life and performance. To read more about SiNode's work and other companies funded by the EERE, continue reading from this link: http://energy.gov/eere/