US Awards $500 Million in Funding for Critical Minerals Processing and Battery Projects
The U.S. Department of Energy (DoE) has allocated $500 million across seven projects aimed at enhancing domestic processing, recycling, and production capabilities for critical minerals used in batteries and energy applications. This funding is part of the third round under DoE's Battery Materials Processing and Recycling programs, supporting efforts to reduce reliance on foreign sources like China. Among the recipients are Lilac Solutions, which will use $100 million to build a lithium extraction facility in Utah using direct lithium extraction technology; Jervois, receiving $100 million for a cobalt refinery; and Nth Cycle, awarded $100 million to establish battery recycling operations. Four additional projects each received $50 million to advance nickel recovery, silicon-anode production, and other innovations. The funding aligns with President Donald Trump's push to make the U.S. a global leader in critical minerals supply chains.
Topics: battery technology critical minerals domestic supply chain