https://www.npr.org/2022/08/03/1114964240/new-battery-technology-china-vanadium
"I talked to almost all major investment banks; none of them (wanted to) invest in batteries," Yang said in an interview, adding that the banks wanted a return on their investments faster than the batteries would turn a profit.
He said a fellow scientist connected him with a Chinese businessman named Yanhui Liu and a company called Dalian Rongke Power Co. Ltd., along with its parent company, and he jumped at the chance to have them invest and even help manufacture the batteries.
This is perfect Neoliberal Capitalism. Why are they shocked? The corporations use public taxpayer money at Universities to make the discoveries, then they sell the tech to private companies to make a profit. Why do you care now who you sell it to?
IT should have been public domain technology, but if you're going to profit, who cares who buys it?
This is so heartwarming. Finally the decolonial technology transfer we've all been asking for in order to combat climate change in developing nations. Thanks America! 🥰
China builds the world’s largest lithium-free battery | En-Former (May 2021)
China breaks China's record to build the largest lithium-free battery (November 2024)
