The US Department of Energy announced today plans to dole out more than $3 billion to over two dozen battery projects across 14 states. The money will go toward processing critical minerals, building batteries and their components,

Albemarle (ALB.N) is set to receive $67 million for a project in North Carolina to produce commercial quantities of anode material for next-generation lithium-ion batteries, while Honeywell (HON.O) is set to receive $126.6 million to build a commercial-scale facility in Louisiana to produce a key electrolyte salt needed for lithium batteries.

Biden government announces huge support package across 25 projects and 14 states to “boost the domestic production of advanced batteries and battery materials nationwide.”

Four projects across Michigan will get $355 million in federal funding to boost the domestic production of advanced batteries and battery materials and reduce dependence on foreign suppliers, the U.S.

Four projects will receive a combined $355 million in funding from the U.S. Department of Energy, officials announced Friday.

The Department of Energy has awarded portions of $3 billion in battery production funding to a Houston-based company and a Houston-area project. The Department of Energy has awarded $3 billion for 25 battery production projects across the United States,