The Biden administration has announced a significant investment of $3 billion aimed at enhancing the United States’ battery supply chain. The Department of Energy revealed on Friday that this funding will support 25 projects across 14 states, with the goal of bolstering America’s battery production capabilities.
Among the companies set to benefit from this initiative are Honeywell and lithium producer Albemarle. The projects will involve the construction and renovation of facilities focused on battery production, mineral processing, and recycling of old batteries.
This funding effort complements other technology and energy initiatives from the Biden administration, including the CHIPS Act, which supports semiconductor manufacturing in the U.S.
The DOE projects that these investments will create at least 12,000 jobs throughout the construction and operational phases of these facilities, contributing to both economic growth and sustainability in the battery industry.
This announcement follows an earlier round of $1.8 billion awarded to 14 projects aimed at developing commercial-scale facilities for extracting essential battery materials such as lithium and graphite, as well as manufacturing battery components.
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