Loading...
Market
Which company will receive the largest portion of the $3 billion allocation by December 31, 2024?
2
Resolution / Starting Odds
American Battery Technology Co. • 25%
Albemarle • 25%
Forge Battery • 25%
Cabot Corporation • 25%
U.S. Department of Energy report or official announcements
Story
Biden Administration Allocates $3 Billion for EV Battery Production Across 25 Projects in 14 States
Sep 20, 2024, 04:05 PM
President Biden has announced a $3 billion allocation to enhance EV battery production in the United States. The U.S. Energy Department plans to award this funding to 25 battery manufacturing sector projects across 14 states. This initiative aims to strengthen domestic production and secure the supply chain for key components, while also reducing reliance on China. Notable recipients include American Battery Technology Co., Albemarle, Forge Battery, and Cabot Corporation. The funding is expected to create approximately 18,000 jobs and is part of the Biden administration's broader push to support the clean energy transition. This marks the second round of EV battery funding under the bipartisan infrastructure law.
View original story
Similar markets
American Battery Technology Co. • 25%
Albemarle • 25%
Forge Battery • 25%
Group14 Technologies • 25%
TerraPower • 33%
NuScale Power • 33%
Other • 34%
Project A • 25%
Project B • 25%
Project C • 25%
Other • 25%
Intel • 25%
TSMC • 25%
Samsung • 25%
Other • 25%
State of Hawaii • 25%
Maui County • 25%
Utilities • 25%
Insurers • 25%
Local Newsrooms • 25%
AI Initiatives • 25%
Other Journalism Projects • 25%
Administrative Costs • 25%
Intel • 25%
TSMC • 25%
Samsung • 25%
Other • 25%
Northeast • 25%
West • 25%
South • 25%
Midwest • 25%
Climate Disaster Relief • 25%
Debt Relief • 25%
Infrastructure Development • 25%
Healthcare and Education • 25%
General Electric • 25%
Westinghouse • 25%
Bechtel • 25%
Other • 25%
$SMR • 25%
$NU • 25%
$PL • 25%
$BWXT • 25%
Wildlife Conservation • 25%
Historical Preservation • 25%
Visitor Infrastructure • 25%
Educational Programs • 25%