Biden Admin: $3.16 Billion from Bipartisan Infrastructure Law to Boost Domestic & Battery Manufacturing

Takeaways:

• The U.S. Department of Energy announced $3.1 billion in funding to make more batteries and components in America.
• The investments will support the creation and expansion of commercial facilities, as well as manufacturing demonstrations and battery recycling.
• $60 million will be used to support second-life applications for batteries that were once used to power EVs and to develop new processes for recycling materials back into the battery supply chain.

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