Clean Energy Trust to Focus on Commercialization in Its Role with Argonne-Led Energy Storage Research and Development Hub

  Clean Energy Trust to Focus on Commercialization in Its Role with
  Argonne-Led Energy Storage Research and Development Hub

  Joint Center for Energy Storage Research Sets Aggressive Tech Development
                                    Goals

Business Wire

CHICAGO -- November 30, 2012

Clean Energy Trust, the Midwest’s leading clean tech business accelerator, is
partnered with Argonne National Laboratory on a $120 million US Department of
Energy funded battery and energy storage hub, it announced today.

The organization will work with researchers, investors and entrepreneurs to
bring new technology developed through the hub to market.

The hub, known as the Joint Center for Energy Storage and Research (JCESR)
received a $120 million award from the U.S. Department of Energy (DOE). JCESR
is a collaborative effort among leading researchers, entrepreneurs and
industry with members representing national laboratories, academia and
business. JCESR will focus on rapid research development and commercialization
of revolutionary, clean electrochemical energy storage technologies that will
support next generation vehicles and the nation’s electric grid.

“Chicago is poised to become a living laboratory for electric vehicles and
next generation grid technologies as a result of this incredible research
collaboration," said Amy Francetic, CET executive director. "CET is enormously
pleased to be working on this groundbreaking program, and we look forward to
connecting researchers with the mentors and investors who can commercialize
their technologies.”

JCESR will identify cost-effective, market-ready clean technology to harness
energy created from renewable sources. The long-term goals for the project are
to improve the reliability and efficiency of the electrical grid, renewable
energy integration, and to reduce dependence on foreign oil by improving
batteries for electric and hybrid vehicles.

“This is a partnership between world leading scientists and world leading
companies, committed to ensuring that the advanced battery technologies the
world needs will be invented and built right here in America,” said U.S.
Secretary of Energy Steven Chu.

Michael Polsky, Invenergy CEO and CET co-chair, noted that the award is
indicative of the Midwest’s leadership in energy innovation. “Illinois has
become the nexus for clean energy research, development and deployment,”
Polsky said. “Selecting Argonne and our consortium for the hub reinforces how
quickly the Midwest ecosystem has moved to the next level.”

“Bringing together the nation’s brightest minds in energy storage for this
endeavor has both local and global significance,” said Nick Pritzker, CET
co-chair. “This remarkable team led by George Crabtree will ensure that
America is at the leading edge of the growing global market for battery
technologies.”

JCESR is the latest of DOE’s four interdisciplinary and highly collaborative
Energy Innovation Hubs. Each hub addresses a specific national energy
challenge. DOE will provide JCESR with up to $120 million over five years.
JCESR will be centered at Argonne, outside of Chicago. The State of Illinois
will contribute as much as $35 million to construct a 45,000-square-foot home
for the project.

“JCESR’s aggressive goal is to develop revolutionary energy storage
technologies with five times the energy density of today’s systems at
one-fifth the cost in five years,” explained George Crabtree, JCESR director.
“JCESR will speed up the innovation cycle by engaging industry from the start.
Industrial partners are critical in making sure we ask the right research
questions so that we can shorten the path from laboratory innovation to
technological development to commercial deployment.”

JCESR partners include:

  *DOE research centers – Argonne National Laboratory, Lawrence Berkeley
    National Laboratory, Pacific Northwest National Laboratory, Sandia
    National Laboratories and the SLAC National Accelerator Laboratory.
  *Research universities – Northwestern University; University of Chicago;
    University of Illinois, Chicago; University of Illinois, Urbana-Champaign
    and the University of Michigan.
  *Industry – Applied Materials, Clean Energy Trust, Dow and Johnson
    Controls.
  *Venture Advisory Council -- Applied Ventures, ARCH Ventures, Dow Ventures,
    DTE Ventures, Khosla Ventures, Kleiner Perkins Caufield Byers, NextEnergy,
    Technology Partners and Venrock
  *McCaffery Interests, developer of Chicago Lakeside, plans to help deploy
    the JCESR science at the nearly 600-acre community

About JCESR

The Joint Center for Energy Storage Research (JCESR) is a major public-private
partnership that integrates U.S. Department of Energy national laboratories,
major research universities and leading industrial companies to help advance
cutting-edge energy storage and battery technologies that can be used to
improve the reliability and the efficiency of the electrical grid, to better
integrate clean, renewable energy technologies as part of the electrical
system, and for use in electric and hybrid vehicles that will reduce the
nation’s dependence on foreign oil. JCESR is located outside of Chicago on the
campus of The U.S. Department of Energy’s Argonne National Laboratory.

About CET

The Clean Energy Trust was founded by prominent business and civic leaders to
accelerate the pace of clean energy innovation in the Midwest. The Trust is
supported by grants from the U.S. Department of Energy, the Illinois
Department of Commerce and Economic Opportunity, the Joyce Foundation, the
Chicago Community Trust, the Small Business Administration and donations from
over 50 investors, corporations, universities and trade groups. For more
information, visitwww.cleanenergytrust.org

Contact:

Aileron Communications
Sheridan Chaney, 312.629.9400
schaney@aileroninc.com
Clean Energy Trust
Amy Francetic, 847-899-2225
amy@cleanenergytrust.org