How will a new battery project benefit the United States?

The funding is expected to be made available in the coming months and will ensure that the United States can produce batteries, as well as the materials that go into them, to increase economic competitiveness, energy independence, and national security.

How much money will the doe provide for advanced batteries?

The U.S. Department of Energy (DOE) today issued two notices of intent to provide $2.91 billion to boost production of the advanced batteries that are critical to rapidly growing clean energy industries of the future.

What is a battery energy storage system?

A battery energy storage system (BESS) is an electrochemical device that charges (or collects energy) from the grid or a power plant and then discharges that energy at a later time to provide electricity or other grid services when needed.

What does Biden's bipartisan infrastructure law mean for the battery industry?

President Biden’s Bipartisan Infrastructure Law allocates nearly $7 billion to strengthen the U.S. battery supply chain, which includes producing and recycling critical minerals without new extraction or mining, and sourcing materials for domestic manufacturing.

Should lithium-based batteries be a domestic supply chain?

Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and electrical grid storage markets.

Why is DOE funding a lithium-ion battery supply chain?

“With funding from Bipartisan Infrastructure Law, we’re making it possible to establish a thriving battery supply chain in the United States.” With the global lithium-ion battery market expected to grow rapidly over the next decade, DOE is making it possible for the United States to be prepared for market demand.