$3.5bn funding boost for next-gen battery production in US

$3.5bn funding boost for next-gen battery production in US

$3.5bn funding boost for next-gen battery production in US 819 1024 Energy Storage Journal

November 22, 2023: Up to $3.5 billion in new federal funding has been announced in the US to prioritize development of next-generation battery chemistries and technologies.

The Department of Energy said the cash is the second phase of a total $6 billion in spending that has its roots in the 2021 Bipartisan Infrastructure Law.

In the first phase, DOE said it awarded 15 projects that have secured more than $5.8 billion in public-private investment.

Now DOE is calling for projects, in addition to lithium-based technologies, that can increase separation of battery-grade critical materials, increase production facilities for cathode and anode materials production and expand battery component manufacturing plants — potentially attracting further investment for activities established in the first phase of funding.

US energy secretary Jennifer Granholm (pictured) said: “Positioning the US 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.”

The Office of Manufacturing and Energy Supply Chains will administer the funding. Concept papers for proposals should be submitted by January 9, 2024. Detailed applications for funding are required by March 19.

In January, a bipartisan group of leading US senators called on the Biden administration to ensure future federal funding to bolster energy independence also goes to non-lithium battery chemistries.