US Announces Additional , $3.5 Billion in Funding , for Battery Industry.<br />The United States Energy Department<br />(DOE) has announced a $3.5 billion push to <br />strengthen the nation's battery supply chain. .<br />'The Independent' reports that the additional funding <br />is meant for companies that either produce batteries <br />or the critical minerals needed to manufacture them.<br />'The Independent' reports that the additional funding <br />is meant for companies that either produce batteries <br />or the critical minerals needed to manufacture them.<br />Batteries are a key climate solution, as they can store <br />electricity generated by solar panels or wind turbines <br />to help the world transition away from fossil fuels.<br />Batteries are a key climate solution, as they can store <br />electricity generated by solar panels or wind turbines <br />to help the world transition away from fossil fuels.<br />Currently, lithium ion is the <br />world's dominant battery type. .<br />The DOE reportedly estimates that <br />demand for lithium batteries will <br />be up to ten times higher by 2030.<br />Jodie Lutkenhaus, professor of chemical engineering at <br />Texas A&M University, warns that U.S. battery production <br />could face a similar fate as the semiconductor industry.<br />Jodie Lutkenhaus, professor of chemical engineering at <br />Texas A&M University, warns that U.S. battery production <br />could face a similar fate as the semiconductor industry.<br />I’m worried that we may not <br />catch up and end up in the same <br />situation we’re in now with<br />the semiconductor industry, Jodie Lutkenhaus, professor of chemical engineering <br />at Texas A&M University, via 'The Independent'.<br />The same thing can happen <br />with batteries if we don’t diversify <br />where batteries are made and <br />where materials are sourced, Jodie Lutkenhaus, professor of chemical engineering <br />at Texas A&M University, via 'The Independent'.<br />It is essential that the U.S. <br />participates in battery production <br />and manufacturing so that we can <br />avoid global shortages of batteries, Jodie Lutkenhaus, professor of chemical engineering <br />at Texas A&M University, via 'The Independent'
