Global Trade Alert
Global Trade Alert

United States of America: DOE awards Forge Battery USD 100 million to support the company’s lithium-ion battery production project

Announcement

20 Sep 2024

In September 2024, the US Department of Energy announced financial assistance of USD 100 million to Forge Battery for building a 3 GWh lithium-ion battery production facility in Morrisville, North Carolina, for specialized domestic markets.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

20 Sep 2024

Revocation date:

No revocation date

Financial grant In force

On 20 September 2024, the US Department of Energy announced that it would award Forge Battery USD 100 million in funding to construct a production facility to produce high-energy cylindrical lithium-i...

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