The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.

Here’s how it works: A company might want to build a factory to make cathode materials for electric cars. It determines the cost of building the facility, commits to covering half of the cost, and the government grant would cover the other half, if the company is selected.

Companies can apply for funding through mid-March.

https://apnews.com/article/lithium-battery-factory-usa-climate-8f42f67325d8ce7194f5bae6ee8e248c