US DOE Allocates $3 Billion for Battery Supply Chain Projects
The U.S. Department of Energy (DOE) has earmarked more than $3 billion for 25 projects across 14 states to strengthen the domestic battery supply chain. This funding will facilitate the production of batteries and essential materials such as lithium, manganese, and graphite.
Funding for Manufacturing and Recycling Facilities
The funds will be used to retrofit, expand, and construct manufacturing and recycling facilities nationwide. Key areas of focus include direct lithium extraction (DLE), production of cathode active materials (CAM), and battery separators.
Major Investments in Key Initiatives
Notably, over $1 billion is set aside for five major initiatives. Standard Lithium and Equinor’s joint venture, along with TerraVolta Resources, could each receive $225 million for DLE projects. Additionally, Cirba Solutions and Group14 Technologies are allocated $200 million each for lithium-ion battery recycling and silane production, while EnergySys Advanced Systems may get $199 million for battery cell manufacturing.
Management and Previous Funding
This funding is part of the Bipartisan Infrastructure Law and will be managed by the Office of Manufacturing and Energy Supply Chains (MESC). Final allocations will follow negotiations and environmental reviews for each project. In a previous round, the DOE awarded $1.8 billion for battery materials processing and recycling projects in October 2022.
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