Altair Nanotechnologies Inc. of Reno announced that it has been awarded a $250,000 grant from the Indiana Advanced Energy Technologies Program initiative. The Indiana Energy Group, a division of the Office of Lieutenant Governor Becky Skillman, administers the program.
The Indiana Energy Group has awarded six grants on a competitive basis from this program during 2005. The grant funding must be used to manufacture products containing products that are not currently in the U.S. market, and that are above industry standard in terms of energy efficiency (e.g. hybrid automobiles, fuel cells) and/or incorporate an innovative technology, such as nanotechnology, that allows the product to save energy.