The funding for startups in the battery tech sector aims to enhance local manufacturing, processing, and recycling capabilities, reducing dependence on foreign supply.
The Department of Energy's recent $3 billion investment is part of a larger $16 billion initiative designed to foster domestic battery production and innovation.
South Carolina secured the most funding for battery projects, highlighting the regional focus on scaling up electric vehicle components and recycling efforts effectively.
This investment is expected to create approximately 18,000 jobs across 14 states, reinforcing the government's commitment to boosting the domestic battery supply chain.
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