· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on MIT Technology Review or enjoy below:
🗞️ Driving the news: Aspen Aerogels has secured a $670.6 million loan commitment from the U.S. Department of Energy to build a new factory in Georgia, producing super-light materials that improve EV battery safety by helping prevent fires
• Automakers such as General Motors, Toyota, and Audi already use these materials
🔭 The context: Battery fires, while rare, pose a significant safety challenge for electric vehicles (EVs) due to the risk of thermal runaway
• Aspen’s aerogel materials act as thermal barriers between battery cells, slowing or isolating fire propagation to give drivers time to exit safely
🌍 Why it matters for the planet: Improving battery safety is critical for accelerating EV adoption, reducing reliance on fossil fuels, and cutting greenhouse gas emissions in the transport sector
⏭️ What's next: Once the new factory reaches full capacity, it could supply materials for over two million EVs annually, significantly enhancing battery safety standards across the industry
💬 One quote: "I think the goal is to really make sure that they’re helping to achieve critical battery safety goals that we all share" — Jigar Shah, Director of the DOE Loan Programs Office
📈 One stat: Aspen’s thermal barriers cost between $300 and $1,000 per EV, depending on the vehicle
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