The US Department of Energy is letting loose with a new round of $2.91 billion in funding for a soup-to-nuts overhaul of the lithium supply chain for EV batteries and other energy storage systems, and not just because it wants to help save the planet from catastrophic climate change. As directed by the Bipartisan Infrastructure Law, the cash infusion is intended to strengthen the US national security profile, among other things.
$2.91 Billion More For EV Batteries & Other Energy Storage Systems
The Energy Department has already cast considerable dollars upon the waters of energy storage in general and EV batteries in particular over the past 20 years. The new round of funding is a bit different. It takes a holistic approach to lithium and other critical materials that factor into the supply chain for EV batteries and other energy storage systems.
The $2.91 billion is earmarked for…
US DOE Aims $2.91 Billion at Lithium For EV Batteries, Energy Storage
