Edison, NJ -- Congressman Frank Pallone, Jr. (D-NJ) will visit the EOS Energy Storage facility on Monday, February 27, 2012, to discuss his support for an “all-of-the-above” approach to American energy production and protecting consumers from rising gas prices at the pump.
Gas prices have reached an average of $3.52 a gallon in New Jersey as a result, in part, of speculative trading on Wall Street. Congressman Pallone will call for further investments in domestic energy sources and new energy technologies to reduce dependence on foreign oil and lower gas prices.
Congressman Pallone will also highlight the importance of innovative companies like EOS Energy Storage in reducing demand for foreign oil and creating American jobs. EOS develops lost-cost batteries for electric vehicles. Cars with EOS batteries have the same costs and range as gasoline vehicles with 1/10th the fuel cost.