Utility Dive•about 1 month ago
DOE reinstates $57M American Battery grant
Key Takeaway
The reinstatement of this DOE grant underscores continued government commitment to strengthening the domestic battery material supply chain, crucial for the growth of energy storage and electrification initiatives.
AI Summary
- •The Department of Energy (DOE) reinstated a $57 million grant for American Battery Technology Co. (ABTC) following a successful appeal.
- •ABTC will proceed with its plans to build a $115 million commercial-scale lithium refinery.
- •The project also includes significant lithium-ion battery recycling efforts, bolstering the domestic battery supply chain.
- •This development supports the availability of critical materials for energy storage projects and electric vehicle manufacturing, impacting future battery costs and supply stability for developers and large power consumers.
Topics
financingoempolicystorage
Article Content
American Battery Technology Co. won its appeal after the agency canceled the grant last year. It will continue plans to build a $115 million commercial-scale lithium refinery alongside its lithium-ion battery recycling efforts.