US Awards $2.8B in Grants for EV Batteries in 12 States

The Biden administration on Wednesday awarded $2.8 billion in grants to boost domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials said.Continue Reading

Gov. Youngkin Announces $10 Million Virginia Power Innovation Fund for All of the Above Energy and Nuclear Advancement

Governor Glenn Youngkin announced on Friday he will propose $10 million in the upcoming budget to create the Virginia Power Innovation Fund for research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization, and battery storage. The Governor also announced $5 million of this funding will advance the goal laid out in the recently released “all-of-the-above” Virginia Energy Plan, to grow Virginia’s nuclear energy industry by establishing a Virginia Nuclear Innovation Hub (Hub). These funds will also include grants for higher education institutions to study Small Modular Nuclear Reactor (SMR) technology, funding for nuclear workforce development, and additional money for SMR site exploration, including in Southwest Virginia. Continue Reading

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