Dana Holding Corp. on Wednesday, Aug. 24, announced that it will receive a $2 million grant from the Province of Ontario for the ongoing development and manufacture of lithium-ion battery cooling technologies needed for electric and hybrid-electric vehicles. The grant will further support Dana’s efforts to provide solutions that help automakers advance alternative-energy capabilities. These products overcome the challenge of removing heat from tightly packed battery cells to maximize their performance and life.
“We’re pleased to collaborate with the Province of Ontario to pursue technologies that reduce fuel consumption and emissions,” says Dwayne Matthews, president of the Power Technologies business at Dana. “Clean energy is a global need, and will require commitments from both public and private sectors to make alternative-energy vehicles more broadly available.”
The grant will support Dana’s research and development work at its thermal products engineering center in Oakville, manufacturing at its plant in Cambridge and collaboration with several Ontario universities in the development of battery cooling systems. In conjunction with the grant and based on the anticipated growth of this business, Dana will invest up to $37 million in its Oakville and Cambridge facilities over the next five years to continue to advance its battery cooling technology.