White House announces $3B in funding for US battery manufacturing sector

Sep 20

Jack Aylmer Energy Correspondent

By Jack Aylmer (Energy Correspondent), Jack Henry (Video Editor)

Battery technology, crucial not only for power storage but also for electric vehicles (EVs) and other low-carbon transportation methods, is a vital part of the renewable energy transition. Currently, the global production of batteries is heavily dominated by China, home to six of the world’s top 10 battery manufacturers, but the U.S. is looking to reduce dependence on Beijing by spending federal funds to bolster domestic production.

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On Friday, Sept. 20, the White House announced the approval of 25 new battery technology projects across 14 states. The Biden administration plans to put $3 billion toward these initiatives, which officials say will improve the U.S. battery supply chain and increase national security.

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“The Biden-Harris administration is using every available tool to onshore and friend-shore the supply chain for EVs and batteries, working with our allies and partners, for the benefit of our national security, our economy, and our planet,” said John Podesta, senior adviser to President Biden for international climate policy.

According to the federal government, these projects are expected to create more than 12,000 jobs while reducing reliance on foreign battery production and enhancing the nation’s “economic competitiveness.”

“By positioning the U.S. at the forefront of advanced battery manufacturing, we are creating high-paying jobs and strengthening our global economic leadership and domestic energy security, all while supporting the clean energy transition,” U.S. Secretary of Energy Jennifer M. Granholm said.

Each of these projects must undergo environmental reviews and negotiations with the Department of Energy before moving forward, so it still remains to be seen whether all those selected will ultimately receive funding.

Tags: China, Electric Vehicle Batteries, Electric vehicles, Joe Biden, Renewable energy

JACK ALYMER: THE RENEWABLE ENERGY TRANSITION CAN’T REALLY HAPPEN WITHOUT BATTERIES.

ONE OF THE BIGGEST CHALLENGES FACING SOLAR AND WIND EFFORTS – IS FINDING A VIABLE WAY TO STORE THAT POWER TO USE IT LATER.

THAT SAME TECHNOLOGY IS WHAT EVS AND MANY OTHER FORMS OF LOW CARBON TRANSPORTATION TECHNOLOGY RELY ON.

BUT PRODUCTION – IS LARGELY DOMINATED BY CHINA-
WITH SIX OF THE WORLD’S TEN LEADING BATTERY MANUFACTURERS BASED THERE.

IT’S A REALITY THE U.S. IS THROWING BILLIONS OF DOLLARS AT TO TRY TO CHANGE.

THIS WEEK THE BIDEN ADMINISTRATION ANNOUNCED 25 NEW BATTERY TECHNOLOGY PROJECTS ACROSS 14 STATES.
AMOUNTING TO 3-BILLION-DOLLARS IN NEW FEDERAL FUNDS.

THE WHITE HOUSE SAYS THIS INITIATIVE WILL SUPPORT MORE THAN 12,000 JOBS AND HELP INCREASE AMERICAN NATIONAL SECURITY WITH A BOLSTERED DOMESTIC SUPPLY CHAIN FOR BATTERIES.

HOWEVER, THESE SELECTED PROJECTS ARE STILL SUBJECT TO ENVIRONMENTAL REVIEW AND OTHER NEGOTIATIONS WITH THE ENERGY DEPARTMENT BEFORE THEY CAN MOVE FORWARD-

FOR MORE STORIES ABOUT HOW THE U.S. GOVERNMENT IS SPENDING ITS MONEY IN THE ENERGY SECTOR, DOWNLOAD THE STRAIGHT ARROW NEWS APP AND SIGN UP FOR ALERTS FROM ME – JACK AYLMER.