As of April 10, 2026, the U.S. Department of Energy announced up to $500 million in funding aimed at strengthening domestic critical minerals and materials processing, battery manufacturing, and recycling capabilities. The initiative is focused on scaling supply chains for key minerals such as lithium, nickel, cobalt, and graphite, which are essential inputs for batteries used in electric vehicles, grid-scale energy storage, and other electrified systems. The funding will be allocated through competitive programs that support projects across multiple stages of the supply chain, including raw materials processing, advanced manufacturing of battery components, and recycling systems to recover critical materials. The program is intended to reduce dependence on foreign supply sources, increase domestic production capacity, and support long-term resilience in energy and industrial supply chains, particularly as electricity demand growth continues to accelerate across transportation, grid storage, and electrified infrastructure.
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