The US government has recently announced the recipients of the $2.4 billion in funding under the American Recovery and Reinvestment Act (ARRA). See below for more details:
Recovery Act Awards
These projects, selected through a highly competitive process by the Department of Energy (DOE), are intended to accelerate the development of US manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles.
Of the total funding budget, $1.5 billion in grants was awarded to US-based manufacturers to produce batteries and their components and to expand battery recycling capacity. The major winners in this round were A123Systems ($ 249.1 million) and Johnson Controls ($299.2 million).
According to the Green Car Congress website, the announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Industry officials expect that this $2.4 billion investment, coupled with another $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries.
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