Dow and Argonne National Laboratory collaborating on new battery materialsBy Angela Hardin • October 4, 2011
MIDLAND, Mich. and ARGONNE, Ill. —The Dow Chemical Company (NYSE: DOW) and the U.S. Department of Energy's (DOE) Argonne National Laboratory today announced the signing of a Memorandum of Understanding (MOU) for a multi-year research collaboration to jointly develop the next generation of materials for advanced battery technologies.
Dow and Argonne will be collaborating on several new materials with the intent to improve the performance, cost competitiveness and adoption of these advanced materials in the energy storage industry.
"We look forward to this collaboration with Argonne on the development of new battery material technology to help meet the current and future demands in the rapidly expanding energy storage industry," said David Klanecky, senior business director for Dow Energy Materials. "Dow's efforts to develop a fully integrated portfolio of advanced material solutions will help achieve better performing and lower cost batteries."
"We are pleased to work with Dow to create new advanced materials for the energy storage industry," said Jeff Chamberlain, energy storage major initiatives leader for Argonne. "The goal of this collaboration will be to use our common scientific and technical capabilities to develop next generation energy storage materials that address the performance, cost and adoption challenges found in today's emerging battery technologies."
About Dow Energy Materials
Dow established Dow Energy Materials (DEM), a business unit of The Dow Chemical Company, in 2010 with the focus on the development of next-generation battery materials. Dow's integrated portfolio offering (cathode, anode, electrolyte), innovation engine and market channel access, partnered with Argonne's expertise in fundamental battery material research, will provide the elements of success to ensure these new materials will be adopted broadly across the energy storage industry.
Dow (NYSE: Dow) combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.