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Stevensville firm gets $4.5 million federal grant

Miltec UV International in Stevensville is a getting a $4.5 million federal grant to develop technology designed to reduce the cost of making lithium ion battery electrodes.

The company is one of 40 across the country that is sharing $175 million in grants awarded by the U.S. Energy Department to make vehicle components that will help automakers attain recently announced fuel-efficiency standards.

President Barack Obama last month announced fuel-efficiency standards for cars and light trucks that will bring fuel efficiency to 54.5 miles per gallon by model year 2025.

The other companies will look at making better fuels and lubricants, lighter-weight materials, longer-lasting and cheaper electric vehicle batteries and components, and more efficient engine technologies, among other things, the Energy Department said in a statement Wednesday.

andrea.walker@baltsun.com

Twitter.com:ankwalker

Copyright © 2015, The Baltimore Sun
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