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.
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'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.
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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'
