Senator John McCain has announced that he proposes a $300 million reward to whom ever can develop a new battery sufficient to power an automobile, as part of his new energy plan.

Which of todays company's are capable of that challenge?   ENER, HEV,several of the auto manufactures have interests in companies with electric batteries in R&D.

Any other ideas out there?

YEAH I THINK HE ALLSO SAID THAT HE WOULD ADD SOME KIND OF A TAX ON THE AUTO COMPANYS THAT DOES'NT COME WITH ANYTHING CLOSE...

I spent about $10,000 on ABAT stock today. Now I play the waiting game...again.

not a bad tradeoff  for right stock that is,but there are several,and I used to own one in real life with a broker and i see today it is almost flat from where I owned it,whew,but really there has got to be a better system than what we got now,for long distances and such without refueling or in this case,,,juicing up !

hey I was just thinking,can wego with a laser powered car,or a micro-wave car,,,,then and get this one>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> we could drive home from work and have our dinner cooked at the same time,and then we would really save time,and save energy too !!!! but its just a thought maybe a pipe dream at best ,,lol

shblanchard:

I spent about $10,000 on ABAT stock today. Now I play the waiting game...again.

Good pick, How comfortable are you with their accounting disclosures? I see they are partnered with ENS, which I have followed for several months. Most of their products are for industrial applications, do you auto applications in their R&D ?

I don't like batteries, I think they're a landfill nightmare along with mercury flourescent bulbs. There needs to be more innovative solutions.

That's a good point I didn't think of.  It would be a landfill nightmare.  Who knows what we should do.

Advanced Battery Technologies, Inc. (NASDAQ: ABAT), founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices.

I like the fact that they produce batteries for electric cars, and that their quarterly revenue and gross profit are up, and still have a healthy cash flow. I think the batteries would not be a landfill issue if they could be recycled, but that may be a big if.

Every vehicle in the world has a battery now.

When have you last seen one in a landfill?

WHERE DO THE BATTERIES GO?  I REALLY DON'T KNOW.

Fortunately there are materials inside that retain enough value to be re-cycled. Even though the batteries don't function the metals inside are reusable.

Thanks for the info.

Car batteries should be turned in to a place that recycles them.  The car batteries we use now are rechargeable ... eventually, they lose the capacity to recharge.  When you buy a new one, most places keep the old one, or charge a fee if you don't turn it in.  Somehow there are a couple of batteries hanging out here.  As soon as I have a car of my own, I'm going to see if I can take them to Sears or Wal-Mart to turn in.  I hate seeing them sitting around here.

As for the new batteries to run a whole car ... when they become practical, it will be great!  But they will quit working ... some cars will be in accidents, and the batteries will need to be recycled.  Why do people think that just because they are rechargeable that they will last forever?

I like that car that runs on air... maybe it will be more eco friendly when it dies.  <G>

Did you get in?  HEV up 17% yesterday, ABAT up 10%

Good call by shblanchard!