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From ExtremeTech:
The Department of Energy wants batteries with five times the energy storage of those we have today. They want them to be five times cheaper and to be ready in five years. Earlier this year the Department's solicitation for proposals was announced, and now five universities have been chosen for the job along with several national labs and private companies. According to US Energy Secretary Steven Chu, a "Manhattan Project-like atmosphere" is to be fostered. With a funding level of only $120 million and no visible enemy at the border, what are the prospects for success?
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