US announces $3 billion in funding for new battery projects

A worker demonstrates how lithium is recovered from brine at a Standard Lithium facility in El Dorado, Arkansas, US, on Thursday, July 20, 2023. | Photo: Getty Images

The US Department of Energy announced today plans to dole out more than $3 billion to over two dozen battery projects across 14 states. The money will go toward processing critical minerals, building batteries and their components, and recycling batteries. It’s part of the Biden administration’s push for more domestic manufacturing to support its climate goals.