DOE Invests $25 Million in Battery Manufacturing

The U.S. Department of Energy has announced a $25 million investment in 11 projects to advance domestic manufacturing of next-generation batteries, enhancing energy storage capabilities for various applications, including electric vehicles and grid-scale energy storage. Similarly, the American Battery Technology Company (ABTC) is focusing on sustainable practices for battery mineral extraction and recycling, which supports a circular economy and enhances electric vehicle performance. New York Governor Kathy Hochul introduced a $28.5 million initiative to expand the state's electric vehicle charging network, aiming to improve access and encourage EV adoption while targeting pollution reduction. General Motors is innovating battery technology by exploring mixed-chemistry battery packs that combine nickel manganese cobalt with lithium iron phosphate for improved efficiency and cost-effectiveness. Meanwhile, ABTC is also securing funding through a $10 million stock offering to further its efforts in battery technology development. Together, these initiatives reflect a significant push towards greener technologies and energy independence in the U.S.