Daniel Poneman, deputy secretary of the U.S. Department of Energy, announced an $11 million grant program Wednesday for small businesses that focus on emerging energy technologies.
Poneman made Wednesday's announcement from the University of Arkansas' Research and Technology Park, where Arkansas Power Electronics International, one of 67 companies receiving grants in 22 states, is located.
The Fayetteville company will use a $150,000 federal grant to develop a high-voltage power module aimed at more efficiently converting electricity from one form to another. The technology has a range of applications, including transfer of power from conventional power lines and plug-in chargers for hybrid electric vehicles.
Find more about Wednesday's announcement in Thursday's Northwest Arkansas Times or by going to nwaonline.com.