US to award $3 billion to 25 projects for battery manufacturing sector
Albemarle (ALB.N) is set to receive $67 million for a project in North Carolina to produce commercial quantities of anode material for next-generation lithium-ion batteries, while Honeywell (HON.O) is set to receive $126.6 million to build a commercial-scale facility in Louisiana to produce a key electrolyte salt needed for lithium batteries.
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Four projects will receive a combined $355 million in funding from the U.S. Department of Energy, officials announced Friday.
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A battery material manufacturing facility planned for the Muskegon area is receiving $100 million in federal funding.
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A new study of 10,000 electric cars shows that their battery packs should outlast the vehicles themselves. Geotab, an ...
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