#Cirba #Solutions #Receives #Million #Grant #Funded
Charlotte, NC, Oct. 19, 2022 (GLOBE NEWSWIRE) — Cirba Solutions, the largest and most comprehensive cross-chemistry battery management and materials processor in the industry, is a recipient of the first set of projects funded by President Biden’s Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles and the electrical grid, with a focus on domestic processing of materials and components currently imported from other countries. Responsible and sustainable domestic sourcing and processing of the critical materials used to make lithium-ion batteries will strengthen American supply chains, accelerate battery production to meet increased demand, and secure the nation’s economic competitiveness, energy independence, and national security.
The funding announced today by the Department of Energy is the first phase of over $7 billion in total funding provided by the President’s Bipartisan Infrastructure Law for the battery supply chain. DOE’s Office of Manufacturing and Energy Supply Chains (MESC) is responsible for strengthening and securing manufacturing and energy supply chains needed to modernize the nation’s energy infrastructure and support a clean and equitable energy transition. MESC will manage the portfolio of projects with support from DOE’s Office of Energy Efficiency and Renewable Energy’s Vehicle Technologies Office.
Cirba Solutions will receive approximately $75 million in federal funds to expand critical mineral upgrading assets at its lithium-ion processing facility in Lancaster, Ohio. At full operation, the estimated 150,000-square-foot facility will produce enough battery-grade critical minerals used in cathode production to power more than 200,000 new electric vehicles (EVs) annually. It will also create and additional estimated 150 jobs to the greater Lancaster area. The Lancaster facility will become one of the largest commercial-scale battery recycling facilities in North…
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