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U.S. Lithium Production Is Set To Explode
The Inflation Reduction Act, which has been described as “the most significant climate legislation in U.S. history”, is an attempt to kickstart the U.S. renewable energy and EV industries.
In order for the U.S. energy transition plans to work, it will need a significant and secure supply of lithium, a resource that is currently dominated by China, Australia, and Chile.
To secure this supply, the U.S. government is now throwing money at lithium producers, with lithium facilities planned in Nevada, North Carolina, and Tennessee.
Related Knowledge Center: Energy storage
State of Play
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.