US Announces Additional $3.5 Billion in Funding for Battery Industry
- 6 months ago
US Announces Additional , $3.5 Billion in Funding , for Battery Industry.
The United States Energy Department
(DOE) has announced a $3.5 billion push to
strengthen the nation's battery supply chain. .
'The Independent' reports that the additional funding
is meant for companies that either produce batteries
or the critical minerals needed to manufacture them.
'The Independent' reports that the additional funding
is meant for companies that either produce batteries
or the critical minerals needed to manufacture them.
Batteries are a key climate solution, as they can store
electricity generated by solar panels or wind turbines
to help the world transition away from fossil fuels.
Batteries are a key climate solution, as they can store
electricity generated by solar panels or wind turbines
to help the world transition away from fossil fuels.
Currently, lithium ion is the
world's dominant battery type. .
The DOE reportedly estimates that
demand for lithium batteries will
be up to ten times higher by 2030.
Jodie Lutkenhaus, professor of chemical engineering at
Texas A&M University, warns that U.S. battery production
could face a similar fate as the semiconductor industry.
Jodie Lutkenhaus, professor of chemical engineering at
Texas A&M University, warns that U.S. battery production
could face a similar fate as the semiconductor industry.
I’m worried that we may not
catch up and end up in the same
situation we’re in now with
the semiconductor industry, Jodie Lutkenhaus, professor of chemical engineering
at Texas A&M University, via 'The Independent'.
The same thing can happen
with batteries if we don’t diversify
where batteries are made and
where materials are sourced, Jodie Lutkenhaus, professor of chemical engineering
at Texas A&M University, via 'The Independent'.
It is essential that the U.S.
participates in battery production
and manufacturing so that we can
avoid global shortages of batteries, Jodie Lutkenhaus, professor of chemical engineering
at Texas A&M University, via 'The Independent'
The United States Energy Department
(DOE) has announced a $3.5 billion push to
strengthen the nation's battery supply chain. .
'The Independent' reports that the additional funding
is meant for companies that either produce batteries
or the critical minerals needed to manufacture them.
'The Independent' reports that the additional funding
is meant for companies that either produce batteries
or the critical minerals needed to manufacture them.
Batteries are a key climate solution, as they can store
electricity generated by solar panels or wind turbines
to help the world transition away from fossil fuels.
Batteries are a key climate solution, as they can store
electricity generated by solar panels or wind turbines
to help the world transition away from fossil fuels.
Currently, lithium ion is the
world's dominant battery type. .
The DOE reportedly estimates that
demand for lithium batteries will
be up to ten times higher by 2030.
Jodie Lutkenhaus, professor of chemical engineering at
Texas A&M University, warns that U.S. battery production
could face a similar fate as the semiconductor industry.
Jodie Lutkenhaus, professor of chemical engineering at
Texas A&M University, warns that U.S. battery production
could face a similar fate as the semiconductor industry.
I’m worried that we may not
catch up and end up in the same
situation we’re in now with
the semiconductor industry, Jodie Lutkenhaus, professor of chemical engineering
at Texas A&M University, via 'The Independent'.
The same thing can happen
with batteries if we don’t diversify
where batteries are made and
where materials are sourced, Jodie Lutkenhaus, professor of chemical engineering
at Texas A&M University, via 'The Independent'.
It is essential that the U.S.
participates in battery production
and manufacturing so that we can
avoid global shortages of batteries, Jodie Lutkenhaus, professor of chemical engineering
at Texas A&M University, via 'The Independent'