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DoE awards $2.4B in grants for battery, EV projects

Friday, August 7, 2009
By Gina Roos

The U.S. Department of Energy (DoE) has awarded $2.4 billion in grants to fund 48 new advanced battery and electric drive projects, which is expected to create tens of thousands of new jobs in the U.S. battery and auto industries. According to the DOE, this is the single largest investment in advanced battery technology for hybrid and electric-drive vehicles.

These projects, awarded under the American Recovery and Reinvestment Act, will accelerate the development of U.S. manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles. Auto makers will receive a significant portion of the grants. General Motors will receive $241.4 million, Ford $92.7 million and Chrysler $70 million. Electronic component manufacturers also received grants including Johnson Controls ($299.2 million), Saft America ($95.5 million, Honeywell ($27.3), Delphi ($89.3 million), Kemet ($15.1 million), and Powerex ($8.1 million).

doegrantmap1

The new awards breakout as follows:

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