U.S. Department of Energy Announces $3.5 Billion To Boost Production of Advanced Batteries and Battery Materials

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) announced its intent to invest approximately $3.5 billion to boost production of advanced batteries and battery materials that are critical to rapidly growing clean energy industries of the future, including electric vehicles and energy storage.

This notice of intent — made possible by the President’s Bipartisan Infrastructure Law —represents the second round of funding for battery materials processing and battery manufacturing grants to support the creation of new, retrofitted, and expanded domestic commercial facilities for battery materials, battery components, and cell manufacturing.  The Notice of Intent outlines how round II will support growing domestic industry, supporting manufacturing workers, and promote equity and environmental justice.  

The program will support communities with experienced auto workers and a history of producing vehicles, applicants with strong workforce practices, and applicants who plan to create high-quality jobs. 

The announcement about funding for advanced batteries and battery materials was included with the announcement of $15.5 billion package of funding and loans primarily focused on retooling existing factories for the transition to electric vehicles (EVs) —supporting good jobs and a just transition to EVs.