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DOE Awards $500 Million for Critical Minerals, Batteries

8/25/2026

Summary

Story summary

The U.S. Department of Energy awarded $500 million to seven firms for domestic critical-minerals and battery projects.
Lilac Solutions will receive $100 million to build a Utah lithium plant targeting 5,000 tonnes annually, starting 2028.
Jervois will receive $100 million to construct a U.S. cobalt-sulphate refinery.
Nth Cycle will receive $100 million for a southeastern plant that electro-extracts metals from black-mass.
Four firms will each get $50 million for cathodes, silicon anodes, electrolytes and lithium-metal films.

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Story summary

The U.S. Department of Energy awarded $500 million to seven firms for domestic critical-minerals and battery projects.
Lilac Solutions will receive $100 million to build a Utah lithium plant targeting 5,000 tonnes annually, starting 2028.
Jervois will receive $100 million to construct a U.S. cobalt-sulphate refinery.
Nth Cycle will receive $100 million for a southeastern plant that electro-extracts metals from black-mass.
Four firms will each get $50 million for cathodes, silicon anodes, electrolytes and lithium-metal films.