November 29, 2007 at 3:00 pm by Tom Lydon
Exxon Mobil (XOM) energy company is planning to present new technology next month, possibly helping raise its shares and related exchange traded funds (ETFs). This new technology is aimed at improving the efficiency and affordability of electronic and hybrid vehicles, according to the Associated Press.
The company has co-developed new film technology with Japanese affiliate Tonen Chemical that would allow lithium-ion batteries to be used in cars. These are the same batteries used in cell phones and lap tops. The company is scheduled to unveil the technology the first week in December.
Could this new technology put Exxon Mobil closer to a slot in a clean energy ETF such as PowerShares WilderHill Clean Energy (PBW) or Claymore/LGA Green ETF (GRN)?
Tags: Energy, Green ETFs
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