Topical: US gvt’s US$3B support for battery value chain Note - LCE: “ In April 2021, the Company secured a location for its stack manufacturing and product development center in Massachusetts, U.S. with an expected nameplate manufacturing capacity of 1.4 GWh per year. This facility will be the global headquarters of Company’s clean energy division. The Company also approved a location in New Hampshire, U.S. for its clean energy division’s electrolyte production and manufacturing of containerized VRFB systems”
US government’s US$3 billion support for battery value chain up for grabs in Q2 2022
https://www.energy-storage.news/us-governments-us3-billion-support-for-battery-value-chain-up-for-grabs-in-q2-2022/
Excerpts:
Funding specifics
The first FOA, the ‘Bipartisan Infrastructure Law – Battery Materials Processing and Battery Manufacturing Funding Opportunity Announcement,’ will be the bulk of the money at up to US$2.8 billion. It has set minimum funding amounts for specific areas. The first three are in battery material processing:
– A minimum of US$100 million for new commercial-scale battery material processing facilities in the United States
– A minimum of US$50 million for projects to retool, retrofit, or expand one or more qualifying existing battery material processing facilities located in the United States
– A minimum of US$50 million for demonstration projects in the United States for the processing of battery materials
The second three are in battery component manufacturing and recycling:
– A minimum of US$100 million for new commercial-scale advanced battery component manufacturing, advanced battery manufacturing, or recycling facilities
– A minimum of US$50 million for projects to retool, retrofit, or expand one or more qualifying existing facilities for advanced battery component manufacturing, advanced battery manufacturing, and recycling
– A minimum of US$50 million demonstration projects for advanced battery component manufacturing, advanced battery manufacturing, and recycling
All facilities must be in the US.