America Allocates $3 Billion For Battery Manufacturing Sector

by TTAC News Staff

Published: September 20th, 2024

The Biden admin has alloced $3 billion for battery manufacturing projects

The U.S. Department of Energy (DOE) has announced plans to allocate $3 billion toward 25 battery manufacturing projects across 14 states, as part of the Biden administration’s effort to shift the critical battery supply chain away from reliance on China.

This initiative is designed to bolster domestic production of advanced batteries and materials for electric vehicles (EVs), following the adoption of new U.S. EV tax credit rules.

An Albemarle lithium processing plant

The funding is set to generate a total of $16 billion in investments and create around 12,000 jobs in construction and production. The awarded projects cover a wide array of sectors, including battery-grade critical minerals, battery manufacturing, and recycling.

Key projects include Albemarle receiving $67 million to produce anode material for next-generation lithium-ion batteries in North Carolina. Honeywell was awarded $126.6 million for a facility in Louisiana focused on producing electrolyte salts for lithium batteries. Clarios Circular Solutions will receive $150 million to recycle lithium-ion battery scrap in partnership with SK ON and Cosmo Chemical.

An SK ON battery pack

Several projects also focus on critical mineral extraction using advanced Direct Lithium Extraction (DLE) technology, with SWA Lithium and TerraVolta Resources receiving $225 million each for lithium production.

This funding initiative aims to secure U.S. mineral and battery independence, paving the way for advancements in solid-state and next-gen battery technologies. These efforts are crucial for meeting the nation's climate goals and reducing reliance on China, which currently dominates much of the global battery supply chain.

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8 of 102 comments

Dantes Inferno on Sep 23, 2024
According the mining industry, coming anywhere close to the goal of electrification worldwide requires a 55% increase in the environmentally-destructive process known as copper mining. I wonder how the environmentalists feel about that? 🤔

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- EBFlex on Sep 23, 2024
  They don’t care because all of their green crap is just a house of cards. It’s about wealth distribution and has nothing to do with the environment. Leftists do not care, at all, about the environment.
  
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- Slavuta on Sep 23, 2024
  We used to have saying - we will fight for peace until no unbroken stone will be left
  
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- 1995 SC on Sep 23, 2024
  Your Army is pretty lousy at fighting much of anything
  
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- El scotto on Sep 23, 2024
  @1995 SC, stones might be the Russian army's answer to everything! Need a hammer? Grab a stone. Hungry? Boil a stone. Are Ukrainians firing weapons at you? Throw a stone. Get those gulags working double shifts!
  
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- Slavuta on Sep 24, 2024
  I don't know why you think that Russian army is my army.. But according to Pentagon docs, they are now studying and replicating the Russian army. for years Pentagon was replicating German tactics. But that was a losing one. Because where is Germany? And where is US? Lost to Korea, Afghanistan and Vietnam. If you speak for US, you have nothing to brag about. El scotto - gulags today exist only in america - the country with largest prison population. But don't you worry. Karmela will let them all good criminals go free and George Floyd statue will be in the oval office.
  
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El scotto on Sep 23, 2024
Gents, China is running out of labor and the Panama Canal is going dry. Larger locks, the same size lake will never work well. This is America's chance to develop and someday lead in green technology. In the next 10 years expect a lot of US manufacturing that brain-dead MBAs sent overseas to return to the US.

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- 1995 SC on Sep 26, 2024
  "The Preacher Man says it's the end of time and the Panama Canal she's a goin' dry"
  
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