美国落后电池工业2.8美元Billion ChargeA government awards 20 grants in 12 states to boost domestic manufacturing of batteries for electric vehicles and grids.

ByJonathan Small

Seventy-five percent of battery manufacturing is done in China, but the U.S. wants to zap that.

As part of theClimate Billpassed in August, Congress authorized almost $370 billion over the next ten years to supercharge renewable energy production and drive reductions in greenhouse gas emissions.

A significant part of that investment is going towards extracting and processing lithium, graphite, and other battery materials, manufacturing batteries for EVs and the electric grid, and strengthening the U.S. supply of crucial minerals.

This week, President Biden announced that 20 companies in 12 states will receive grants totaling $2.8 billion to recharge a battery industry currently running on low power mode.

"Unfortunately, the U.S. is almost a non-player in the lithium game," said Ryan Melsert, the CEO of American Battery Technology Company. "That's less than 1 percent of all lithium products made globally are made within the U.S."

Ryan's company received a $57 million grant to work on new technology to produce battery-grade lithium hydroxide.

Other Energy Department grant recipients include Albemarle Corp., Piedmont Lithium Inc., Entek, and Syrah Technologies.

"We fully expect the U.S. battery and EV markets to grow rapidly," said grant recipient Kimberly Medford, president of Entek, a company that makes battery separators.

Wavy Line
Jonathan Small

Entrepreneur Staff

Editor in Chief of Green Entrepreneur

Jonathan Small is editor-in-chief ofGreen Entrepreneur, a vertical from Entrepreneur Media focused on the intersection of sustainability and business. He is also an award-winning journalist, producer, and podcast host of the upcoming True Crime series, Dirty Money, andWrite About Nowpodcasts. Jonathan is the founder ofStrike Fire Productions, a premium podcast production company. He had held editing positions atGlamour,Stuff,Fitness, andTwistMagazines. His stories have appeared inThe New York Times, TV Guide,Cosmo,Details, andGood Housekeeping. Previously, Jonathan served as VP of Content for the GSN (the Game Show Network), where he produced original digital video series.

Editor's Pick

Related Topics

Social Media

How This 18-Year-Old TikTok Star Built a Business With 5 Million Followers

TikToker Ryan Shakes shares how he built a devoted and engaged following.

Science & Technology

The Rising Threat of Generative AI in Social Engineering Cyber Attacks — What You Need to Know

The rise of generative AI is revolutionizing social engineering cyber attacks, making them more sophisticated and harder to detect. As these threats escalate, individuals and organizations must stay informed, exercise caution and employ robust cybersecurity measures to counteract this new wave of AI-driven cybercrime.

Growing a Business

5 Essential Steps to Drive a Culture of Continuous Improvement

Discover how to unlock your organization's potential for growth and innovation by fostering a culture of continuous improvement, leading to increased productivity, employee engagement, and long-term success.

Starting a Business

10 Common Obstacles to Avoid When Starting a Business

Starting a new business can be an exciting and rewarding venture, but it also comes with its fair share of challenges. Here are some common obstacles to avoid when starting a new business.

Business Ideas

The Top 10 Home Business Ideas for 2023

不能找出哪些企业应该launch in 2023? Check out 10 stellar home business ideas to get inspiration.