PROJECT FINANCE

US spends over $3B on electric battery projects

Recipients of funding include Albemarle and South32

US president Joe Biden at the General Motors electric vehicle assembly plant in Detroit in 2021. Credit: White House/Adam Schultz

US president Joe Biden at the General Motors electric vehicle assembly plant in Detroit in 2021. Credit: White House/Adam Schultz | Credits: White House/Adam Schultz

As part of the Investing in America agenda, the US Department of Energy announced over $3 billion in funding for 25 battery projects. The selected projects will retrofit, expand, and build new domestic...

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