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Energy Department Announces Launch of Energy Innovation Hub for Critical Materials Research

U.S. Secretary of Energy Steven Chu today announced plans to invest up to $120 million over five years to launch a new Energy Innovation Hub, establishing a multidisciplinary and sustained effort to identify problems and develop solutions across the lifecycle of critical materials. Rare earth elements and other critical materials have unique chemical and physical characteristics, including magnetic, catalytic and luminescent properties, that are important for a growing number of energy technologies. These critical materials are also at risk for supply disruptions.

The Hub, funded by up to $20 million in Fiscal Year 2012, will work to advance U.S. leadership in energy manufacturing – such as electric vehicles, wind turbines, efficient lighting and others – through research aimed both at having a reliable supply of these rare earths and other critical materials, as well as finding efficiencies and alternatives that reduce the amount we actually need.

Full Story: http://energy.gov/articles/energy-department-announces-launch-energy-innovation-hub-critical-materials-research-0

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