Big Federal Subsidies for Batteries

The federal government is doling out lots of dough so that private companies don't have to spend their own on battery research

The Department of Energy continues to make good on President Barack Obama's promise to double down on electric car research and development.

The DOE announced on Thursday that it is giving out $43 million for 19 new research projects aimed at improving energy storage technology, such as batteries for electric cars and storage for electric grids, and for the U.S. military in remote bases around the world.