POINT ROBERTS, December 19, 2011 - www.InvestorIdeas.com, a leader in cleantech research and news for investors, reports on new developments in high efficient magnesium batteries.
Magnesium production and demand has nearly doubled in the past 10 years, and now a global need for green vehicle solutions may spike the demand even further.
Hoping to be first to market with a magnesium battery for electric cars, Pellion Technologies, Inc (www.pelliontech.com) is developing low-cost rechargeable Magnesium Batteries with high energy density.
Competing with lithium-ion batteries, magnesium batteries will potentially be cheaper, more efficient and also address a new issue that has come to surface – safety.
- Published: 18 December 2011
- Written by Investor Ideas