Klein reported in late 2022 that President Joe Biden and Energy Secretary Jennifer Granholm announced two actions Wednesday aimed at lowering costs amid inflation by targeting domestic battery supply chains – new efforts the administration is rolling out 20 days before the midterm elections 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.”
The funding will be spent in Alabama, Georgia, Kentucky, Louisiana, Missouri, Nevada, New York, North Carolina, North Dakota, Ohio, Tennessee and Washington. It is expected to create 8,000 jobs, officials on a call with reporters ahead of the announcement said. The projects are expected to “develop enough lithium to supply over 2 million electric vehicles annually and establish significant domestic production of graphite and nickel,” according to the fact sheet.
Original working URL: https://www.cnn.com/2022/10/19/politics/battery-grants-joe-biden/index.html
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