The US Department of Energy (DOE) has announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials.
As part of President Biden’s Investing in America agenda, the funding will create new, retrofitted, and expanded domestic facilities for battery-grade processed critical minerals, battery precursor materials, battery components, and cell and pack manufacturing.
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This will support clean energy industries, such as renewable energy and electric vehicles.
It supports the Biden-Harris Administration’s efforts to reach a net-zero emissions economy by 2050, for electric vehicles to make up half of all new light-duty vehicle sales by 2030, and to build a domestic supply chain.
US Secretary of Energy Jennifer M. Granholm said: “Positioning the United States front and centre to meet the growing demand for advanced batteries is how we boost our global competitiveness, maintain and create good-paying jobs, and strengthen our clean energy economy.”
This funding opportunity is the second phase of $6 billion in total provided by the Bipartisan Infrastructure Law.
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By GlobalDataThe DOE is also calling for projects that will increase separation of battery-grade critical materials, expand production facilities for cathode and anode materials production, and expand battery component manufacturing facilities.
