Reveo Gets $100K Grant

A subsidiary of Elmsford, New York-based Reveo Inc. has received a $100,000 federal grant to help develop hybrid automobile batteries.

The Department of Energy Small Business Innovation Research (SBIR) grant is for a type of lithium-ion battery suited to electric and hybrid vehicles.

“EVionyx was founded for the express purpose of transitioning us away from fossil fuels and toward an alternative, clean energy source,” said Lin-Feng Li, the unit’s chief technology officer.

The grant will allow eVionyx to develop batteries that will last longer and provide more power, said Reveo spokesman Michael Chang.

SBIR grants are given to small businesses to help develop newly evolving technology. EVionyx has a wide range of products, such as portable fuel cells for cellular phones and stationary rechargeable batteries, that act as backup for businesses in the event of power failures.