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CPI Energized by Battery Funding

By Chemical Engineering |

Efforts toward large-scale production of lithium-ion (Li-ion)-based car batteries got a big boost in early August, when the Obama Administration announced $2.4 billion in U.S. government investment aimed, in part, at dramatically ramping up the supply chain for advanced batteries for the auto industry. A majority of this funding is funneling directly into the chemical process industries (CPI), which are responsible for developing and commercializing the necessary technology. But CPI companies involved in this area will be challenged to produce batteries that meet the performance needs of the auto industry at affordable cost. Part of the recent economic stimulus package (American Recovery and Reinvestment Act), the U.S. Dept. of Energy’s (DOE; Washington, D.C.; http://www.energy.gov) Electric Drive and Vehicle Battery and Component Manufacturing Initiative awarded the $2.4 billion in grants to 48 different battery-technology and electric-vehicle projects in 20 states. Of the $2.4 billion total, $1.5 billion in grants went to manufacturers of batteries or their components, while the remaining $900 million went to makers of electric drive components and vehicles themselves. Each DOE- grant dollar will be matched by investments from…
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