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

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.

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.

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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.