WASHINGTON, D.C. –After President Obama today announced 48 new advanced battery and electric drive projects that will receive $2.4 billion in recovery funding through the U.S. Department of Energy’s (DOE) Recovery Act Advanced Battery and Electric Vehicle Manufacturing grants, U.S. Sen. Sherrod Brown (D-OH) joined U.S. Labor Secretary Hilda Solis, Governor Ted Strickland, and Rep. Betty Sutton to discuss how the aggregate $34.1 million for Ohio’s two project recipients will spur new jobs and economic opportunities for the Cleveland area and for the entire state.
“This is about creating jobs and ensuring that Ohio can help develop and manufacture the cars of the future,” Brown said. “Advanced batteries and electric vehicles will reduce our dependence on foreign oil and place American manufacturing on the cutting-edge of new technology. We can make Ohio the Silicon Valley of clean energy manufacturing.”
Ohio’s BASF Catalysts LLC based in Elyria will receive $24.6 million and TOXCO Inc. based in Lancaster will receive $9.5 million through this DOE grant program to invest in the development and production or recycling of advanced energy batteries. In June, Sen. Brown, along with the Ohio congressional delegation, wrote to U.S. Energy Secretary Chu in support of BASF’s now successful application for the recovery grant. BASF will invest these funds to create the largest advanced energy lithium ion battery production facility in North America.
In response to DOE’s allocation to BASF, Brown said, “These funds are an important step in creating new jobs and securing Elyria’s future as a clean energy leader. I applaud Sec. Chu and the DOE’s support for Ohio’s innovation and commitment to clean energy development. I will continue to work with BASF in their efforts to build the next generation of advanced energy batteries and create new economic opportunities for Elyria and the region.”
The president’s announcement today marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Industry officials expect that this $2.4 billion investment, coupled with another $2.4 billion in cost share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the U.S. battery and auto industries.
The new awards cover the following areas:
o $1.5 billion in grants to U.S. based manufacturers to produce batteries and their components and to expand battery recycling capacity;
o $500 million in grants to U.S. based manufacturers to produce electric drive components for vehicles, including electric motors, power electronics, and other drive train components; and
o $400 million in grants to purchase thousands of plug-in hybrid and all-electric vehicles for test demonstrations in several dozen locations; to deploy them and evaluate their performance; to install electric charging infrastructure; and to provide education and workforce training to support the transition to advanced electric transportation systems.
For a full list of award winners, click HERE.