The Power Division on Wednesday awarded practically $74 million from the bipartisan infrastructure legislation for 10 initiatives to advance recycling and reuse of batteries for electrical automobiles and different functions.
The funding will go to tutorial and industrial candidates in seven states, together with 4 in California. Different grant winners are in Nevada, Michigan, New Jersey, Tennessee, Indiana and Alabama.
The College of California-San Diego will obtain $10 million to develop and scale-up know-how to recycle lithium-ion batteries, whereas Factor Power in Menlo Park, Calif., will obtain $7.9 million for a wind-energy challenge in west Texas. The corporate is working with Subsequent Period Power Sources to pursue commercial-scale know-how to spice up the second-life battery marketplace for power storage.
HYUNDAI IONIQ 5 NAMED 2022 WORLD CAR OF THE YEAR
Gross sales of electrical automobiles have skyrocketed up to now two years and are anticipated to proceed rising beneath the $1 trillion infrastructure legislation signed final yr and the climate-and-health legislation adopted in August.
“With demand for crucial battery minerals, resembling lithium and graphite, projected to extend by as a lot as 4,000% within the coming a long time, this newest spherical of funding helps the recycling and reuse phase of the home battery provide chain,” the Power Division stated. The initiatives ought to assist speed up battery manufacturing in America, mitigate battery provide chain disruptions and create good-paying jobs, officers stated.
CLICK HERE TO GET THE FOX NEWS APP
The announcement follows $2.8 billion in grants awarded final month to spice up home manufacturing of EV batteries in 12 states. A complete of 20 corporations will obtain grants for initiatives to extract and course of lithium, graphite and different battery supplies, manufacture parts and strengthen U.S. provide of crucial minerals.
The bulletins help President Joe Biden’s objective for electrical automobiles to make up half of all new automobile gross sales by 2030.