The Department of Energy selected November 30 Argonne National Laboratory to be the center of a $120 million advanced batter research hub for electric vehicles, with satellite locations in Holland and Ann Arbor, Michigan. The hub will include a partnership between several national laboratories and universities, as well as Dow Chemical Company, Applied Materials, Johnson Controls, and the Clean Energy Trust. The hub will seek to produce batteries that are five times more powerful and five times cheaper than current batteries within five years.