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Article Excerpt
Electro Energy Inc. (NASDAQ:EEEI), Danbury, Conn., a leading provider of advanced battery technologies and associated systems, is developing a custom-designed prototype battery pack for CalCars' Toyota PRIUS+ Test Vehicle, which is the centerpiece of the California Cars Initiative (CalCars) program promoting the commercial use and mass production of plug-in hybrid electric vehicles (PHEV).
CalCars' PRIUS+ project retrofits Toyota's Prius, the nation's most popular hybrid car, with a high-energy content battery, which becomes the vehicle's primary power source for local travel, eliminating the use of gasoline for short trips. For longer trips, the car can revert to conventional hybrid operation, which uses a combination of gasoline and battery power. The battery can be recharged at off-peak hours, further supporting energy conservation.
Explaining why he initiated collaboration with...
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