Biden-Harris Administration Awards $2.8 Billion to Supercharge US Manufacturing Of Batteries For Electric Vehicles & Electric Grid

Takeaways:

• Through the U.S. Department of Energy, the Biden-Harris Administration announced the first set of projects to expand domestic manufacturing of batteries for E.V.s and the electrical grid.
• Twenty companies will receive a combined $2.8 billion to build and expand commerical-scale facilities in 20 states.
• The money will also be used to extract and process lithium, graphite, and other battery materials and manufacture components from recycled materials.

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