GE Partners With Lawrence Berkeley Lab on Water-Based Battery and 2 More Heavily Traded Stocks to Follow
General Electric Co. (NYSE:GE): Current price $23.20
GE and Lawrence Berkeley National Laboratory are working jointly on a new water-based battery that could give an upgrade to electric cars such as Tesla’s Model S and Nissan’s Leaf, which might even lower their price tags.
The proposed battery employs water-based solutions of inorganic chemicals that would supply high-energy density, and allow energy discharge and recharge to be safer. Project leader Grigorii Soloveichik observed in a statement that, “Our flow battery could be just one-fourth the price of car batteries on the market today, while enabling roughly three times the current driving range. The DOE wants a battery that can power a car for 240 miles; we think we can exceed that.”