Lithium technology is evolving rapidly, but research and development funds are necessary to sustain the energy evolution process. With energy independence and decreasing unemployment rates at the top of the Obama administration’s agenda, lithium is the ideal federal investment. R&D funding will increase the advancement potential of lithium technologies while simultaneously decreasing the cost of lithium products and creating thousands of jobs in the process.
Federal funding can be most effectively allocated where infrastructure for the development of lithium technology has already been established. This way of funding eliminates the hundreds of millions of dollars in overhead needed to launch a company. FMC Corporation has been committed to Li-ion energy storage since its inception and is the only integrated producer with cathode technology experience.