The Department of Energy awarded a $114,494,918 Project Grant to Li Industries, Inc., a self-certified small disadvantaged business, under the Manufacturing and Energy Supply Chain Demonstrations and Commercial Applications program (CFDA 81.253). The objective of the project is to establish a 10,000-tonne per annum lithium iron phosphate (LFP) battery cathode production plant in Pineville, North Carolina. This grant aims to increase America's competitiveness in lithium-ion battery manufacturing, localize the battery supply chain, and revitalize a disadvantaged community. The award period is from January 1, 2025, to June 30, 2026. The project supports the Department of Energy's goals of strengthening domestic manufacturing capabilities for clean energy technologies, reducing foreign dependency on critical materials, and supporting decarbonization efforts.
Generated 1/28/25, 8:31 AM