View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 15, 2022

DOE to plough US$3bn into battery supply chain

America’s Department of Energy (DOE) has issued two notices of intent to provide US$2.91bn to boost production of advanced batteries.

The Department intends to fund battery materials, refining and production plants, battery cell and pack manufacturing facilities, as well as recycling sites.

Funding is expected to be made available in the coming months.

In June, 2021, the DOE published a 100-day review of the large-capacity-battery supply chain, recommending the establishment of domestic production and processing capabilities for critical materials to support a fully domestic end-to-end battery supply chain. 

The DOE notes President Biden’s Bipartisan Infrastructure Law allocates nearly US$7bn to strengthen the US battery supply chain, which includes producing and recycling critical minerals without new extraction or mining and sourcing materials for domestic manufacturing.  

“As electric cars and trucks continue to grow in popularity within the United States and around the world, we must seize the chance to make advanced batteries, the heart of this growing industry, right here at home,” said US Secretary of Energy, Jennifer Granholm. 

“With funding from Bipartisan Infrastructure Law, we’re making it possible to establish a thriving battery supply chain in the United States.” 

Domestic sourcing of the critical materials used to make lithium-ion batteries; such as lithium, cobalt, nickel and graphite, will help close the gap in supply chain disruptions and accelerate battery production in America, notes the DOE.  

Funding from the Bipartisan Infrastructure Law will allow the DOE to support the creation of new, retrofitted and expanded domestic facilities for battery recycling, as well as production of battery materials, cell components and battery manufacturing.

The funding will also support research, development and demonstration of second-life applications for batteries once used to power EVs, as well as new processes for recycling, reclaiming and adding materials back into the battery supply chain.

Both opportunities are aligned with the National Blueprint for Lithium Batteries guidance released last year by the Federal Consortium for Advanced Batteries and led by the DOE, alongside the Departments of Defense, Commerce and State.

The blueprint details a path ensuring home battery supply and accelerating the development of a secure domestic industrial base by 2030.

https://www.energy.gov/articles/biden-administration-doe-invest-3-billion-strengthen-us-supply-chain-advanced-batteries

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto