Energy Department Pledges $3.5 Billion Plan To Supercharge Battery Production – By Jack Quinn (IB Times) / Nov 15, 2023
The U.S. Department of Energy (DOE) announced Wednesday that it will award an additional $3.5 billion for companies to produce and develop battery technology and components.
The funding will be designated for firms building electric vehicle (EV) battery plants, mining battery components like lithium and nickel, as well as developing non-lithium batteries, among other emerging technologies. Interested companies are permitted to submit funding applications until March 19, 2024.
“Positioning the U.S. 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,” Secretary of Energy Jennifer Granholm said in a press release.
