Feds announce $355M for 4 electric vehicle battery projects in Michigan

Sep 20, 2024 at 5:12 PM

Michigan Emerges as the Epicenter of Electric Vehicle Battery Manufacturing

The U.S. Department of Energy (DOE) has announced a significant investment of $355 million in federal funding to support a series of manufacturing projects in Michigan, all aimed at bolstering the production of electric vehicle (EV) batteries and their components. This move is part of the Biden administration's broader effort to spur domestic manufacturing and strengthen the nation's energy security.

Powering the Future of Mobility: Michigan's EV Battery Manufacturing Boom

Revex Technologies: Transforming Battery Waste into Critical Minerals

Revex Technologies, a next-generation critical mining company, has been awarded $145 million to partner with Eagle Mine in the Upper Peninsula. This collaboration will enable Revex to turn battery waste into critical minerals, a crucial step in strengthening the domestic supply chain for EV batteries. The project has also secured an additional $50 million in state incentives from the Make it in Michigan Competitiveness Fund, further solidifying Michigan's commitment to this transformative initiative.

Mitra Future Technologies: Powering the Battery-Material Manufacturing Revolution

Mitra Chem, a company specializing in the production of components needed for batteries, has received $100 million to establish a battery-material manufacturing facility in Muskegon. This investment, coupled with an anticipated $25 million in state funding from the Make it in Michigan Competitiveness fund, will position Michigan as a hub for cutting-edge battery technology and innovation.

NanoGraf: Revolutionizing Silicone Anode Material for EVs

Chicago-based NanoGraf has been awarded $60 million to open a $175 million plant in Flint, where it will produce silicone anode material, a critical component in electric vehicle batteries. The company plans to retrofit an existing manufacturing site at the former Buick City plant, with the goal of being able to supply enough material to power 1.5 million EVs annually when the facility is fully operational.

Cabot Corporation: Strengthening the Domestic Supply Chain for EV Battery Components

Boston-based Cabot Corporation, a chemical and materials producer, will receive $50 million to build and operate a plant in Wayne County. This project aims to bolster the domestic supply chain for EV battery components, with the company investing a total of $181 million to establish a facility at a retrofitted former automotive plant.

Unlocking Michigan's Manufacturing Potential

The Biden-Harris administration's Investing in America agenda has played a pivotal role in these developments, as evidenced by the DOE's Office of Manufacturing and Energy Supply Chain's administration of the federal funding. U.S. Secretary of Energy and former Michigan Governor Jennifer Granholm has emphasized the significance of these investments, stating that they will deepen Michigan's proud manufacturing legacy and create hundreds of new jobs for workers across the state, ensuring the nation's energy security.These projects not only showcase Michigan's manufacturing prowess but also highlight the state's strategic positioning as a hub for the burgeoning EV industry. With the support of state-level incentives and the Biden administration's focus on domestic manufacturing, Michigan is poised to lead the charge in the transition to a more sustainable and electrified automotive future.