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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals
The US Department of Energy (DOE) awarded $19 million for 13 projects in traditionally fossil-fuel-producing communities across the country to support production of rare earth elements and critical minerals essential to the manufacturing of batteries, magnets, and other components important to the clean energy economy.
Facing persistent shortages in domestic supply, the US has been forced to rely on imported materials, leaving clean energy technology production at greater risk of disruption.
Selected projects fall under 12 areas of interest, corresponding to the selected US basins that have the potential to produce rare earth elements and critical minerals.
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The U.S. Department of Energy (DOE) has awarded US$19 million for 13 projects in traditionally fossil fuel-producing communities across the country to support the production of rare earth elements and critical minerals vital to the manufacturing of batteries, magnets, and other components important to the clean energy economy. Facing persistent shortages in domestic supply, the US has been forced to rely on imported materials, leaving clean energy technology production at greater risk of disruption.
“The very same fossil fuel communities that have powered our nation for decades can be at the forefront of the clean energy economy by producing the critical minerals needed to build electric vehicles, wind turbines, and so much more,” said Secretary of Energy, Jennifer M. Granholm. “By building clean energy products here at home, we’re securing the supply chain for the innovative solutions needed to reach net-zero carbon emissions by 2050 – all while creating go