BIDEN ADMINISTRATION ANNOUNCES $62M TO LOWER BATTERY RECYCLING COSTS ACROSS U.S.

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced $62 million for 17 projects funded by the Bipartisan Infrastructure Law to increase consumer participation in consumer electronics battery recycling and improve the economics of battery recycling. Under the Biden-Harris Administration, electric vehicle (EV) sales have quadrupled, reaching record high levels of more than 1.4 million sales last year. With demand for electric vehicles (EVs) and stationary energy storage projected to expand the lithium battery market as much as ten-fold by 2030, investments in sustainable, reduced-cost recycling of consumer batteries are critical to securing the domestic materials supply chain to meet that demand. Recycling used batteries reduces demand for new materials and allows our domestic industry to produce at lower costs, supporting the Biden-Harris Administration’s goals of creating a more sustainable battery supply chain and having EVs make up half of all vehicles sales in America by 2030.

“Capturing the full battery supply chain—from sourcing critical materials to manufacturing to recycling—puts the U.S. in the driver’s seat as we build our clean energy economy,” said U.S. Secretary of Energy Jennifer M. Granholm. “With the historic support in President Biden’s Investing in America agenda, we are creating a sustainable, circular supply chain that lowers costs for consumers and boosts our manufacturing global competitive edge.”

The 17 projects selected for DOE’s Consumer Electronics Battery Recycling, Reprocessing, and Battery Collection funding opportunity are an essential part of the $7 billion in total authorized by the Bipartisan Infrastructure Law to grow and secure America’s battery supply chain. Today’s announcement includes:

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