US battery supply chain investments reach $92 billion since Biden took office
A total of US$92 billion has been invested in the US battery supply chain since President Joe Biden took office in January 2021, including recent projects announced by ICL and Rhyolite.
The figure includes government and private sector investments into the country’s battery supply chain, including recycling, materials separation and processing and component manufacturing. A total of 78 facilities have been announced.
Related Knowledge Center: Energy storage
A key to the adoption of renewable energy is the development of economical ways to store energy, in the form of batteries or other technologies.