U.S. Department of Energy Invests in Battery Production
The U.S. Department of Energy has announced the selection of 25 projects aimed at increasing the production of batteries and battery materials nationwide, with a budget of over $3 billion allocated for this purpose. The selected projects are expected to support the creation of 12,000 jobs.
It was stated that the selected projects would lead to the establishment of new local facilities for processed critical minerals used in batteries, battery components, and battery production and recycling. The support program is expected to generate a total investment of $16 billion for battery production and recycling.
U.S. Secretary of Energy Jennifer Granholm highlighted that the country is in the midst of a manufacturing sector revival, saying, “We are creating high-paying jobs by placing the U.S. at the forefront of advanced battery manufacturing, strengthening our energy security with global economic leadership, all while supporting the clean energy transition.”
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
