DOE Awards $100 Million to Group14 Technologies for Battery Production
- Group14 held that it will certainly obtain $100 million for Battery Materials Processing and also Battery Manufacturing to sustain rising electric vehicle as well as energy storage space demand.
- Group14 said that it will certainly take advantage of the financing from the DOE to develop two 2,000-ton-per-year commercial manufacturing modules in BAM-2 factory.
Group14 Technologies introduced that it has been picked as a recipient of the first collection of tasks funded by United States President Joe Biden's 'Bipartisan Infrastructure Law' to increase domestic battery production for electric vehicles as well as the electrical grid. Group14 held that it will certainly receive $100 million for battery products handling as well as battery production to sustain surging electric vehicle as well as energy storage space need. Group14 is a global maker as well as supplier of advanced silicon battery technology based in Washington, United States.
According to the new law, DOE is deploying its first phase of more than $7 billion of total financial investments to enhance the production of the innovative battery technologies critical to reinforcing clean energy industries. The object is to focus on the domestic processing of products as well as parts currently imported overseas to boost united state economic competition, energy dependancy as well as national safety.
As part of the investment, the DOE got certified propositions from battery products suppliers seeking the production of brand-new, retrofitted and also broadened domestic manufacturing facilities to generate battery materials, and chosen Group14 for its well-known modular production approach to providing commercial-scale amounts of lithium-silicon battery products.
Group14 had actually introduced its very first commercial-scale Battery Active Materials manufacturing facility (BAM-1) in Washington in April 2021 that will generate 120 tons each year of silicon-carbon battery modern technology, SCC55. The factory presently supplies to more than 60 customers representing 90% of around the world battery production.
Group14 also increased $400 million led by Porsche AG to fund its 2nd United States BAM manufacturing facility (BAM-2) to be found in Moses Lake, Washington. This factory is engineered for modular production, as well as each module will have an annual production capacity of 2,000 tons each year, equal to powering at least 100,000 electric vehicles.
Dr. Rick Costantino, CTO, Group14, "With this newest award from the Office of Production and Energy Supply Chains, Group14 is continuing our honored history of partnering with the DOE to strengthen the U.S. battery supply chain."
Group14 said that it will utilize the funding from the DOE to develop 2 2,000-ton-per-year commercial production modules in BAM-2.
Rick Luebbe, CHIEF EXECUTIVE OFFICER, Group14, mentioned, "With our expanding impact in the Pacific Northwest, we're answering the call for 'all-American' batteries and continue to be steadfastly committed to building out a totally end-to-end domestic battery supply chain to aid the U.S. stay in advance in the electrification race."