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U.S. Department of Energy Announces $131 Million to Boost America’s Battery Supply Chain & Supercharge Electric Vehicle Innovation

January 19, 2024

The U.S. Department of Energy (DOE) yesterday announced more than $131 million for projects to advance research and development (R&D) in electric vehicle (EV) batteries and charging systems, and funding for a consortium to address critical priorities for the next phase of widescale EV commercialization. The advanced battery consortium will work towards developing advanced technologies that will decarbonize transportation and support R&D that is responsive to the needs of EV manufacturers and battery suppliers—engaging with key stakeholders, including universities, national laboratories, and manufacturers that supply critical materials and components to the battery industry. Securing the domestic battery supply chain and developing innovative solutions to electrify the transportation sector support President Biden’s Investing in America agenda and are crucial steps in achieving a clean energy future.

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