CFS Award Announcement:
Cabot Corporation Awarded $50 Million by Department of Energy to Boost Domestic Battery Supply Chain
Conductive Additives Plant to Support Lithium-Ion Battery Manufacturing in Michigan
FOR IMMEDIATE RELEASE
September 26, 2024
Washington, D.C. — Capitol Funding Solutions (CFS) is pleased to announce that a proposal written for Cabot Corporation was awarded $50 million through Round II of the Battery Materials Processing and Battery Manufacturing and Recycling program. The funding will support Cabot’s development of a U.S.-based manufacturing facility to produce battery-grade carbon nanotubes and conductive additive dispersions at a commercial scale — materials essential to the domestic lithium-ion battery supply chain for electric vehicles (EVs) and the electrical grid.
ABOUT THE PROJECT
Cabot Corporation’s new facility in Wayne County, Michigan, will be a cornerstone in strengthening the U.S. battery manufacturing industry. The project will convert a former automotive site into the first U.S. production facility capable of commercially manufacturing battery-grade carbon nanotubes (CNTs) and conductive additive (CA) dispersions. These materials are integral to producing lithium-ion batteries, which power EVs and support the nation’s evolving electrical grid infrastructure.
The facility will have an initial capacity to produce 1,000 tonnes of battery-grade CNTs and up to 12,000 tonnes of conductive additive dispersions per year. In addition to producing materials for EVs, the plant’s output will benefit the electrical grid by supporting the development of energy storage. These storage systems help stabilize the grid and ensure a consistent energy supply, even when renewable energy production fluctuates. Cabot’s new facility’s output will have a lasting impact on the entire clean energy ecosystem.
This project is particularly vital to reducing dependency on foreign imports of battery materials, a strategic priority for the country’s clean energy future and national security. By onshoring the production of these essential components, Cabot Corporation will help create a resilient and sustainable domestic supply chain for the growing EV market and broader energy storage sector. Furthermore, this initiative is expected to generate significant economic benefits for the region, including creating hundreds of new jobs during construction and once the facility is fully operational. Approximately 250 skilled tradespeople will be employed during construction, and 85 permanent, high-quality jobs will be created when the facility begins operations. The success of this facility will directly support national climate goals by enabling the broader adoption of electric vehicles and renewable energy technologies.
View the full project description and list of awards here.
ABOUT THE PROGRAM
The Department of Energy’s Battery Materials Processing and Battery Manufacturing and Recycling Program is a $6 billion initiative funded by the Bipartisan Infrastructure Law that supports projects to strengthen the U.S. battery supply chain and advance domestic manufacturing. The program promotes domestic job creation and economic growth by reducing dependence on imported materials while contributing to national climate goals.
Learn more about the program here.
ABOUT CABOT CORPORATION
With over 140 years of manufacturing excellence, including 15 years of experience supplying conductive additives to the battery industry, Cabot Corporation is uniquely positioned to meet the evolving needs of the U.S. battery supply chain. The company’s advanced material solutions extend beyond conductive additives, offering products such as aerogels for thermal management, metal oxides for cathode durability, and advanced carbons for fuel cell optimization. Cabot’s existing relationships with leading battery makers and their extensive expertise in carbon nanostructures and conductive additives ensure that this new facility will deliver localized, tailor-made solutions to meet the specific requirements of modern battery chemistries.
Learn more about Cabot Corporation here.
ABOUT CAPITOL FUNDING SOLUTIONS
Capitol Funding Solutions (CFS) specializes in strategic consulting and comprehensive proposal writing to assist clients in finding and winning competitive funding. CFS leverages its expertise to guide applicants through a wide range of award mechanisms from both public and private sources, including Federal & State grants and loans, foundation grants, BAAs, tax credit programs, and more.
Learn more about CFS and our services here.
CONTACT INFORMATION
Samantha Benthien - Strategic Communications Manager
500 North Capitol St NW, Suite #210, Washington, D.C., 20001
Address
500 North Capitol Street NW
Suite 210
Washington, DC 20001