A MAJOR investment group has poured $2.5million into an American company to help it develop powerful high-tech batteries.

The Carlton James Group in Royal Wootton Bassett picked US firm The Coretec Group to be the latest business to benefit from its Diversified Alpha Fund.

Money lent to Coretec will help it develop cutting-edge materials which could be used for energy storage, solar power, printable electronics and 3D displays.

Carlton James Group CEO Simon Calton said: “Coretec’s technology has always fascinated our team, especially as the battery application alone could revolutionise the electric car industry without changing any major components”.

>> Read full article