Materia Inc. says it has been awarded a $2 million grant from the U.S. Department of Energy (DOE) to apply its Proxima resin technology in the manufacturing of hydrogen storage tanks.
Materia says it will use the grant funds to ‘leverage its resin's unique properties and reduce the amount of carbon fiber required in pressure vessels.’ Proxima resins are enabled by the Grubbs Catalyst technology, which was developed by Nobel Laureate Professor Robert H. Grubbs of the California Institute of Technology.
‘Reducing the amount of carbon fiber required in hydrogen tanks will substantially lower manufacturing costs and hasten market adoption of fuel cell-based cars, buses and trucks,’ says Materia CEO Dr. Michael A. Giardello.
