Biden Announces $2.8 Billion in Grants for U.S. Battery Supply Chains

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The Department of Energy is awarding $2.8 billion in grants from the bipartisan infrastructure law passed last year to 20 manufacturing and processing companies for projects across 12 states. The battery investments include components affecting both the electric grid and electric vehicles.

Biden also announced the formation of the American Battery Materials Initiative, which the White House has called “a new effort to mobilize the entire government and securing a reliable and sustainable supply of critical minerals used for power, electricity and electric vehicles.”

To read more, see CNN.

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