The lithium ion battery is a good example. In the ARRA, the bill that many in America know as the stimulus bill, there is a significant investment in development and manufacturing for lithium ion batteries and we are well on our way to capturing maybe a third or more of the world market in producing these lithium batteries; where previously we had a small, tiny percent of the production. So it shows that with the commitment, we really can move ahead, we really can seize, earn, a large part of the world market. That's just one example. We can do the same thing in building technologies. We can do the same thing in other transportation technologies. We can do the same thing in electricity generation; and on and on and on. In fact, we have led the world in technologies for electricity generation, whether it be nuclear or combined cycle turbines, but that is now based on an unsustainable fossil fuel model, the way we had developed electricity generation in the United States.
Steven Holt: “The lithium ion battery is a good example. In the ARRA, the bill that many in America know as the stimulus bill, there…”
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The speaker discusses investments in lithium ion battery technology and its implications for market leadership.
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