About Domestic lithium battery energy storage industry
This document outlines a U.S. national blueprint for lithium-based batteries, developed by FCAB to guide federal investments in the domestic lithium-battery manufacturing value chain that will decarbonize the transportation sector and bring clean-energy manufacturing jobs to America.
This document outlines a U.S. national blueprint for lithium-based batteries, developed by FCAB to guide federal investments in the domestic lithium-battery manufacturing value chain that will decarbonize the transportation sector and bring clean-energy manufacturing jobs to America.
WASHINGTON, D.C. — Today, two years after President Biden signed the Bipartisan Infrastructure Law, the U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.
Building a robust and sustainable lithium battery manufacturing base in the United States will require addressing a number of challenges that have depressed investment in the domestic lithium battery supply chain to date. It will also need to respond to the aggressive actions of competing nations that recognized the importance of.
The Li-Bridge report —“Building a Robust and Resilient U.S. Lithium Battery Supply Chain” —includes 26 recommended actions to bolster the domestic lithium battery industry. Underscoring the need to stabilize policy and spur investment, key recommendations in the report include a buying consortium for raw energy materials, a system of .
As demand for EVs and stationary storage alone is projected to increase the size of the lithium battery market five- to ten-fold by the end of the decade, DOE’s assessment underscores the need for robust and swift policy action to support the full U.S. battery supply chain—reducing risks, spurring domestic job creation, and boosting demand .
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6 FAQs about [Domestic lithium battery energy storage industry]
Should lithium-based batteries be a domestic supply chain?
Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and electrical grid storage markets.
What should the US government do about the lithium battery market?
The U.S. government must take actions to enhance the expected returns on financial investments in U.S.‐based lithium battery supply chain‐related projects (e.g., battery materials, components, cells, or manufacturing equipment) and reduce the perception of demand uncertainty in the U.S. battery market.
What policy developments are affecting the lithium battery supply chain?
The past year has seen many policy developments with implications for the U.S. lithium battery supply chain. The most significant are two laws, the Infrastructure Investment and Jobs Act of 2021 (IIJA) and the Inflation Reduction Act of 2022 (IRA). The provisions of these two laws align with many of the recommendations made in this report.
Are lithium-based batteries good for the environment?
Lithium-based batteries are also critical for achieving U.S. climate objectives. The report states that without reliable access to lithium battery technology, the U.S. has no chance of meeting its 2050 net-zero carbon emissions goal or ensuring an inclusive and socially responsible industry.
Are lithium-based batteries a viable industrial base?
A robust, secure, domestic industrial base for lithium-based batteries requires access to a reliable supply of raw, refined, and processed material inputs along with parallel efforts to develop substitutes that are sustainable and diversify supply from both secondary and unconventional sources.
Why is demand for lithium batteries growing?
Demand for lithium batteries is set to grow rapidly, driven primarily by the increased adoption of electric vehicles (EVs) and energy storage systems (ESSs) on the electrical grid.
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