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Zenn Motors of Canada (ZNN.V) holds exclusive rights to build small electric cars using EEStor's forthcoming groundbreaking barium-based batteries. They also hold a 10% ownership stake in EEStor, Inc.
Though these EESUs have yet to be publicly demonstrated, EEStor has previously indicated it will present lab certification data and deliver production units by the end of this month, hopefully shedding light on nearly 10 years of research secrecy.
These EESUs are said to have several times the energy and power density of lithium ion batteries, are orders of magnitude cheaper to produce, and have a functionality unlimited lifetime.
The sleuths at the EEStor blog have uncovered information that Zenn Motors, through its US subsidiary Zenn America, has just recently submitted an unsolicited proposal to the US DOE requesting multi-million dollar funding to create an "ultra high energy drive applied research and development facility" in southeast Michigan.
The proposal was submitted on behalf of Zenn by Michigan Congressman Mark Schauer who discussed the matter with Energy Secretary Chu previously.
Senators Levin, and Stabenow, and Governor Granholm of Michigan also support the grant which could lead to the creation of 100 jobs. Senator Levin was said to have met with officials from Zenn and was "interested to learn about the electric vehicle technology they are working on."
A response from the DOE is expected to come later this month pending independent third party lab certification of the EESU technology and administrative review.
Source (TheEEStory)
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By Clint Posted: 9/2/2009 8:55am PDT
By Jason M. Hendler Posted: 9/2/2009 9:10am PDT
By IKnowASecret Posted: 9/2/2009 9:16am PDT
If EESTOR and Zenn had anything of substance, they wouldn't need a grant - there would be PLENTY of VC types who would front this venture in exchange for stock or profit sharing agreement.
By consorts Posted: 9/2/2009 9:34am PDT
By Optimist Skeptic Posted: 9/2/2009 10:00am PDT
By Baghead Brendan Posted: 9/2/2009 10:22am PDT
Lyle, do you remember this headline?
"EEStor to Publicly Prove its Technology Imminently"?
Do you remember the following Q & A with Ian Clifford?
"So in 2010 certainly we should be able to see some of this?
Yes, absolutely. It will be clearly be demonstrated around the world in 2010 and commercialization is really just a question of how quickly EEStor ramps. We believe well be able to sell everything they can produce. There’s no question there."
Why the hell would Zenn need any DOE grant if in couple weeks EEStor is to deliver an EESU, and next year (2010) Zenn will "clearly demonstrate" the CityZenn to the world.
By Thomas Posted: 9/2/2009 10:48am PDT
By arturo123 Posted: 9/2/2009 12:11pm PDT
By ClearThinker Posted: 9/2/2009 12:32pm PDT
I have to disagree with this. Why would a company give up stock or profits to Vulture Capitalists when they could get the funding they need from a grant? The answer is: they wouldn't. EEStor may not have anything of substance, but trying for a grant says nothing about that.
By HockeyMom Posted: 9/3/2009 5:26am PDT
By Baghead Brendan Posted: 9/3/2009 7:22am PDT
"come up with an energy source more promising than EESTOR's"
Really, what is so promising about EEStor? According to the blogger with the bag over his head Dick Weir/EEStor has been "promising" something the last 18 years but haven't delivered anything.
By JUNJOBX2199 Posted: 9/5/2009 9:03am PDT
By NaysayersAreLiars Posted: 9/6/2009 12:50pm PDT
By TV321 Posted: 9/8/2009 4:29am PDT
By Alan Posted: 10/11/2009 7:21pm PDT
Second, if they have a product that can even remotely deliver on what has been promised then funding will be a non-issue. As described, this product would change the energy equation world-wide not only for transportation but for industrial scale energy storage as well.'
If it's real it's worth trillions of dollars. If it's not real then they might go around begging for investors.
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