DOE issues $2.4 billion in battery and electric vehicle grants; Johnson Controls/Saft and A123Systems are big winners

On August 5, 2009 the U.S. Department of Energy (DOE) announced $2.4 billion in battery and electric vehicle grants to companies across the country. The awards are split into three categories, with $1.5 billion going to the makers of batteries and suppliers of battery parts, $500 million to automoti...

This research is archived and therefore no longer available. For further assistance please contact your Customer Success Manager or email ClientEngagementTeam@luxresearchinc.com. Thank you!

Related Research

SES closes Series D funding round at $139 million

News Commentary | April 23, 2021

GM led the investment round, with contributions from SK Inc., Temasek, Applied Ventures, SAIC Motor, and Vertex. SES recently announced a joint development agreement with GM to build a manufacturing prototyping line in the U.S. for its lithium metal cells for production by 2023. The company is one ... Not part of subscription

Romeo Power signs long-term supply agreement with LG Energy Solution for Li-ion battery cells

News Commentary | September 16, 2021

After going public in December 2020, Romeo Power has entered into a long‑term cell supply agreement with LG Energy Solution. The deal will help Romeo Power to develop the battery packs through 2028; however, it will be paying $64.7 million to help build a new assembly line for the manufacturer in ... Not part of subscription

Battery-materials maker Group14 raises USD 400 million, led by Porsche AG

News Commentary | May 06, 2022

Porsche AG was joined by other institutional investors contributing to this hefty Series C round to speed output of silicon‑composite battery materials. Baked into the investment is a supply agreement with Porsche's subsidiary, Cellforce Group, which will produce batteries using Group14's silicon‑... Not part of subscription