VFBATTERY REPORT

Finance

Pages 40–56 (17 pages)

Battery Report 2024, page 50: Finance
Text on page 50

DOE Federal Funds In Battery Technology SELECT DOE LOANS IN THE BATTERY VALUE CHAIN1 YTD September 2024, the DOE has allocated $3B to battery technology in the form of grants/loans.

SKI US Inc. $50m

The government grants and loans support the entire battery supply chain, from mineral extraction to recycling. The largest investment in 2024 by the DOE was issued to BlueOval SK in the amount of $9.6B in late December.2

SWA Lithium

As of January 2025, there are over 160 DOE applicants, across all sectors, seeking over $200B in loan proceeds.

$150m RAW MATERIALS

Source: TechCrunch 1 As of September 2024

SEPARATION & PROCESSING

COMPONENT MANUFACTURING

BATTERY MANUFACTURING

RECYCLING

Extracted from the PDF; charts and images may read imperfectly.

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