The United States Department of Energy (DoE) has announced the first set of projects funded by President Biden’s Bipartisan Infrastructure Law to expand batteries for electric vehicles & the electrical grid, as well as for materials and components currently imported. The twenty selected companies will receive a combined $2.8 billion to build and expand commercial facilities in twelve states to extract & process lithium, graphite and other battery materials; manufacture components, and demonstrate new approaches, including manufacturing components from recycled materials.
The federal investment will be matched by recipients to leverage a total of more than $9 billion to boost American production of clean energy technology, create well-paid jobs and support the government’s goal for EVs to make up half of all new vehicle sales by 2030 and to transition to a net-zero emissions economy by 2050.
“This is truly a remarkable time for manufacturing in America, as President Biden’s Agenda and historic investments supercharge the private sector to ensure our clean energy future is American-made,” said Jennifer M Granholm, US Secretary of Energy. “Producing advanced batteries and components here at home will accelerate the transition away from fossil fuels to meet the strong demand for electric vehicles, creating more good-paying jobs across the country.”