WASHINGTON (AP) — The Department of Energy on Wednesday awarded nearly $74 million from the bipartisan Infrastructure Act for 10 projects to advance the recycling and reuse of batteries for electric vehicles and other purposes.
The funding will go to college and business applicants in seven states, including four in California. The other winners are in Nevada, Michigan, New Jersey, Tennessee, Indiana and Alabama.
The University of California, San Diego will receive $10 million to develop and scale lithium-ion battery recycling technology, while Element Energy in Menlo Park, Calif., will receive $7.9 million for a recycling project. wind power in West Texas. The company is working with Next Era Energy Resources to develop commercial-scale technology to drive the market for second-life batteries for energy storage.
“With demand for critical battery minerals, such as lithium and graphite, expected to increase by up to 4,000% over the next few decades, this latest round of funding supports the recycling and reuse segment of the domestic battery supply chain,” said the Energy Projects are expected to help accelerate battery production in America, mitigate disruptions to the battery supply chain and create well-paying jobs, officials said. .
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These announcements support President Joe Biden’s goal of having electric vehicles account for half of all new vehicle sales by 2030.
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