American Battery Metals Company Selected for $4.5 Million Grant by U.S. Department of Energy Advanced Manufacturing Office tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
American Battery Metals Corporation: American Battery Metals Company Selected for $4.5 Million Grant by U.S. Department of Energy Advanced Manufacturing Office / ACCESSWIRE / January 28
, 2021 / American Battery Metals Corporation (OTCQB:ABML) (the Company ), an American-owned lithium-ion battery recycling technology and advanced battery metals extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company, has been selected for a $4.5 million grant by the U.S. Department of Energy s Advanced Manufacturing Office.
This funding opportunity is part of the Department of Energy s efforts to reduce American dependence on imported critical materials by both diversifying the sources of materials needed for energy technologies and establishing domestic capabilities to refine materials used in manufacturing. American Battery Technology Company, and its industry partners, are excited to have been selected
DOE awarding more than $50M to 15 projects to advance critical material innovations
The US Department of Energy (DOE) is awarding more than $50 million in funding for 15 projects focused on field validation and demonstration as well as next-generation extraction, separation, and processing technologies for critical materials.
Critical materials are used in many products important to the US economy and energy technologies, such as rare-earth elements used to manufacture high-strength magnets for offshore wind-turbine generators and lithium and cobalt in lithium-ion batteries for electric vehicles.
Projects selected under this funding opportunity announcement will reduce both the costs of critical materials and the environmental impacts of production. The projects are divided into two main topic areas: