Professor Dan Reicher is quoted by Nichola Groom of Reuters on Norwegian entrepreneur Jostein Elkeland's announcement that he's built in secret a battery that will last longer and ultimately cost far less than rival technologies.

Jostein Eikeland, a Norwegian entrepreneur with a mixed record of success, is hoping to jolt the world of energy storage.

On Tuesday, Eikeland’s latest venture, Alevo, will unveil a battery that he says will last longer and ultimately cost far less than rival technologies.

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”Building a $1 billion facility in stealth mode is definitely unusual,” said Dan Reicher, executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University. Reicher, a former green technology investor, said he was not familiar with Alevo or its technology.

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