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Last month Energy Conversion Devices announced that it is trying to sell its Ovonic Battery subsidiary. OBC’s principal activities are licensing its battery technologies (including nickel-metal-hydride – NiMH – once used on the ill-fated GM EV1), participating in joint development programs to support battery applications, and manufacturing mixed-metal hydroxide cathode materials for sale to its licensees for use in battery production. OBC invented the NiMH rechargeable battery technology that is used globally in most hybrid-electric vehicles, and in many consumer and commercial rechargeable batteries. However, Lithium Ion technology is now preferred by virtually all automakers in new development programs. It is also heavily subsidized by taxpayers through various government grants. Continue reading →