DOE offers $3.5 billion in funding to support domestic battery manufacturing
Nov. 17, 2023
Distribution of the funds will be handled by the DOE’s Office of Manufacturing and Energy Supply Chains (MESC).
The U.S. Department of Energy (DOE) will be providing $3.5 billion to help improve production of advanced batteries and battery materials. Funded by the Bipartisan Infrastructure Law, the money will be used to “create new, retrofitted, and expanded domestic facilities for battery-grade processed critical minerals, battery precursor materials, battery components, and cell and pack manufacturing.” Distribution of the funds will be handled by the DOE’s Office of Manufacturing and Energy Supply Chains (MESC). The goals of this funding opportunity include:
Expanding the battery manufacturing capabilities of the U.S.
Improving the processing capacity of minerals necessary for battery production
Helping the U.S. stay competitive in the battery manufacturing space
In a recent quote, U.S. Secretary of Energy Jennifer M. Granholm said, “Positioning the United States front and center 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. President Biden’s historic investments are giving the boost needed to build a robust domestic battery supply chain that is Made-in-America.”
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