🔌💡The DOE awarded $3B to 25 projects nationwide for domestic battery and battery materials production. This is Round 2 of a total funding of $16B they will be investing to enable domestic battery materials production. Round 1 of $1.82B was awarded to 14 projects. #battchat 1/2

This should have been done 10-15 years ago when the industry was still at a nascent stage. Now China has more than 80% of the market cornered. I am not sure how much this will help in recapturing that considering these projects will take 3-5 years to come online. 2/2