U.S. DOE Selects Group14 for Up to $200M Award Negotiation to Construct a 7,200 Metric Ton Capacity Silane Factory to Secure the U.S. Battery Supply Chain [Yahoo! Finance]
TDK CORP S/ADR (TTDKY)
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Source: Yahoo! Finance
This is the second time Group14 has been selected for a Bipartisan Infrastructure Law grant WOODINVILLE, Wash. Sept. 20, 2024 /PRNewswire/ -- , the global leader in advanced silicon battery materials, has been selected for an award negotiation of up to $200M by the U.S. Department of Energy's (DOE) Office of Manufacturing and Energy Supply Chains as part of the second set of projects funded by the Bipartisan Infrastructure Law to expand domestic battery manufacturing for electric vehicles and the electrical grid. This marks the second time Group14 has been selected for a large-scale DOE grant in support of the Bipartisan Infrastructure Law, following its initial $100M award in 2022. "The largest global source of silane today is China , so the supply of silane gas in the U.S. must be increased to secure the U.S. silicon battery industry," said Group14 CEO and Co-Founder, Rick Luebbe . "A new silane factory in Washington state will allow Group14 and other silicon battery companies
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