WASHINGTON, D.C. -- U.S. Energy Secretary Steven Chu announced Monday a new investment in Illinois to develop of stronger and lighter materials of American-made cars and trucks.
The project, led by Caterpillar, will conduct research into new high strength alloys for lighter, more energy efficient truck engines.
Caterpillar will be receiving a grant for $3.4 million to research and develop these alloys. There is an additional private investment of $1.5 million in the project.
Caterpillar released a statement Monday about their involvement in the project:
Caterpillar is pleased to be the recipient of a $3.4 million grant from the Department of Energy (DOE), which - when combined with our own investment of $1.5 million - is specifically targeted toward developing lighter-weight, higher-strength engine components like engine blocks and cylinder heads. The end result is expected to be a more fuel efficient engine - a critical requirement of our customers.
Caterpillar routinely applies for grants through the DOE as well as other federal and state agencies to help fund projects that align with our long-term enterprise product and technology goals of providing customers more productive, efficient and sustainable products.