Construction Economic News | ConstructConnect

Department of Energy Allocates $3 Billion for Battery Manufacturing Projects

Written by Marshall Benveniste | Oct 2, 2024 8:30:42 PM

 

The US Department of Energy (DOE) announced in September that it will allocate over $3 billion to 25 selected construction projects across 14 states aimed at improving the domestic production of advanced batteries and battery materials.

The projects are expected to create more than 8,000 construction jobs and over 4,000 operational jobs.

The funding is part of the Bipartisan Infrastructure Law, which aims to invest in US infrastructure and innovation. The bill specifically calls for the US to “Upgrade our power infrastructure to deliver clean, reliable energy across the country and deploy cutting-edge energy technology to achieve a zero-emissions future." 

Batteries play a crucial role in the US electric grid, delivering power to homes and businesses and meeting the needs of electric vehicles. Commercial construction plays a significant role in achieving the objectives of the bill.

ConstructConnect Chief Economist Michael Guckes said, "It is easy to overlook, but the link between America's future success and the commercial construction segment is inseparable. Every nation's place in the 21st century will be largely determined by the cutting-edge technologies being domestically developed now and in the future. The race for such technologies will require cutting-edge research, development, and scaling up, all of which will require various forms of commercial construction."

Map of battery raw material providers, components, manufacturing, and recycling in the US. The Department of Energy announced over $3 billion in investments to expand domestic production of batteries and battery materials nationwide.  Image: Office of Manufacturing and Energy Supply Chains.

Every nation's place in the 21st century will be largely determined by the cutting-edge technologies being domestically developed now and in the future. The race for such technologies will require cutting-edge research, development, and scaling up, all of which will require various forms of commercial construction.

Michael Guckes, Chief Economist, ConstructConnect

 

The manufacturing program is administered by the Department of Energy through its Office of Manufacturing and Energy Supply Chains.

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