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The U.S. Department of Energy is releasing a total of $2.8 billion for projects aimed at expanding the domestic manufacturing of batteries, materials, components, and technologies for electric vehicles and the electrical grid.
The funds, provided by President Joe Biden's Bipartisan Infrastructure Law, will be allocated among 20 companies in 12 states, according to an Oct. 19 news release. The projects' portfolio will be overseen by the DOE's Office of Manufacturing and Energy Supply Chains with support from the DOE's Office of Energy Efficiency and Renewable Energy's Vehicle Technologies Office.
“This is truly a remarkable time for manufacturing in America, as President Biden’s Agenda and historic investments supercharge the private sector to ensure our clean energy future is American-made,” DOE Secretary Jennifer M. Granholm said in the release. “Producing advanced batteries and components here at home will accelerate the transition away from fossil fuels to meet the strong demand for electric vehicles, creating more good-paying jobs across the country.
"HUGE: @POTUS has just awarded $2.8 billion to 20 US companies across 12 states to expand #MadeInAmerica battery manufacturing for EVs & our electrical grid, and make battery materials + components here at home that we currently import from other countries," Granholm said in a post on Twitter.
"NEWS >> @POTUS announces first Bipartisan Infrastructure Law projects to expand domestic battery manufacturing. Twenty companies across 12 states will boost production of key EV materials/technologies, lower costs, and create new domestic supply chains," the ENERGY Press Staff posted on Twitter.