United States Allocates Over $3 Billion for Enhancing Domestic Battery Production Industries
The Biden-Harris Administration has announced a significant investment of $3 billion under its Investing in America agenda, aimed at boosting domestic production of advanced batteries and battery materials across the nation. This investment is a crucial step towards enhancing America's energy security and economic competitiveness, as outlined in the President's clean energy industrial strategy.
The selected projects, 25 in total, cover various strategic segments across the battery supply chain, including extraction, recycling, and manufacturing of critical minerals and components. These projects are integral to the program, which aims to address existing and future supply chain challenges in the battery sector.
The components selected are essential building blocks of the battery supply chain, such as electrolyte salts, solid state electrolytes, polymers for separators, cathode and anode materials. The projects also encompass traditional and next-generation lithium-ion chemistries, as well as non-lithium-ion technologies, ensuring a diverse portfolio of domestic battery technologies.
Batteries are critical to strengthening the U.S. grid, powering American homes and businesses, and supporting the electrification of the transportation sector. Through grants and loans, DOE's Investing in America agenda will generate 16 billion dollars in total investment for battery manufacturing and recycling through the Battery Materials Processing and Battery Manufacturing and Recycling Program.
The selected projects, once fully contracted, are projected to support over 8,000 construction jobs and over 4,000 operating jobs. The projects align with President Biden's Justice40 Initiative, with nearly 90% of the selected projects located in or adjacent to disadvantaged communities.
Union partners represented across selected projects include NABTU, Boilermakers, SMART, Carpenters, Operating Engineers, UFCW, IBEW, and the UA. The White House National Climate Advisor Ali Zaidi indicates that this announcement supports technologies needed in the market today, components needed in the near future, and innovative technologies for a circular domestic battery supply chain.
U.S. Secretary of Energy Jennifer M. Granholm states that this investment will create high-paying jobs and strengthen global economic leadership and domestic energy security, all while supporting the clean energy transition. John Podesta, Senior Advisor to President Biden for International Climate Policy, emphasizes that the administration is using every available tool to onshore and friend-shore the EV and battery supply chain for the benefit of national security, economy, and the planet.
It's important to note that more than half of the 25 selected projects have committed to or already have a Project Labor Agreement commitment. However, DOE may cancel negotiations and rescind the selection for any reason during that time. Before funding is issued, DOE and the applicants will undergo a negotiation process, and DOE will complete environmental review.
The search results do not provide specific information about companies that received funding under the Biden-Harris Administration's Investing in America program for advanced battery and battery materials production in the USA. The second round of selections aims to address existing and future supply chain challenges in the battery sector.
This investment is a significant step towards a cleaner, more secure, and more competitive energy future for America. The Biden-Harris Administration continues to prioritize domestic manufacturing and the clean energy transition, with the private sector having made a historic 120 billion dollars investment in the electric vehicle (EV) supply chain under the Administration.
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