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remains","us-doe-targets-lfp-cathode-capacity-but-battery-mismatch-remains","article/us-doe-targets-lfp-cathode-capacity-but-battery-mismatch-remains",{"_uid":547,"date":548,"tags":549,"editor":559,"content":569,"excerpt":723,"featured":51,"reporter":724,"_editable":728,"component":729,"seo_title":543,"categories":730,"visibility":739,"author_company":49,"featured_image":740,"seo_description":723,"author_full_name":49,"author_job_title":49,"formattedDate":744,"formattedArticleDate":745},"e320b59c-cc46-4c1e-a2c7-32ebe687bcf0","2024-09-26 00:00",[550,553,556],{"slug":551,"name":552},"department-of-energy","Department of Energy",{"slug":554,"name":555},"usa","USA",{"slug":557,"name":558},"policy","Policy",[560],{"slug":561,"name":562,"content":563},"didi-bostock","Didi Bostock",{"job_title":564,"image":565,"bio":567,"linkedin":568},"Editor - Energy Transition & Economics",{"filename":566},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":570,"content":571},"doc",[572,579,594,599,606,619,630,639,644,649,654,680,688,706],{"type":573,"attrs":574,"content":575},"paragraph",{"textAlign":49},[576],{"text":577,"type":578},"The US Department of Energy’s (DOE) selection of Mitra Chem and Li Industries for funding to support domestic lithium iron phosphate (LFP) cathode active material (CAM) production could boost the technology’s presence in the US. Benchmark analysis, however, indicates there will still be insufficient domestic capacity to meet future cell production. ","text",{"type":573,"attrs":580,"content":581},{"textAlign":49},[582,584,592],{"text":583,"type":578},"Cell makers have rushed to plan and build gigafactories to take advantage of incoming Inflation Reduction Act (IRA) subsidies, ",{"text":585,"type":578,"marks":586},"shortening gigafactory development timelines in North America",[587],{"type":588,"attrs":589},"link",{"href":590,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://source.benchmarkminerals.com/article/us-gigafactory-construction-timelines-surpass-china-as-ira-turbocharges-capacity-pipeline","url",{"text":593,"type":578},". Yet, the corresponding build out domestic midstream capacity to feed these gigafactories has lagged the pace of downstream developments.",{"type":573,"attrs":595,"content":596},{"textAlign":49},[597],{"text":598,"type":578},"Benchmark analysis has identified considerable future gaps at the midstream of the US battery value chain, particularly for critical mineral processing and battery material production, endangering US supply security as it builds out its domestic clean energy capabilities.",{"type":600,"attrs":601,"content":603},"heading",{"level":602,"textAlign":49},4,[604],{"text":605,"type":578},"Developing a US LFP supply chain",{"type":573,"attrs":607,"content":608},{"textAlign":49},[609,611,617],{"text":610,"type":578},"The current mismatch is particularly stark in the US LFP sector. The US does not currently have any active LFP CAM capacity, with 99% of global LFP CAM production located in China, according to the ",{"text":612,"type":578,"marks":613},"Benchmark Cathode Forecast",[614],{"type":588,"attrs":615},{"href":616,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://www.benchmarkminerals.com/cathode/data-reports/forecast/",{"text":618,"type":578},".",{"type":573,"attrs":620,"content":621},{"textAlign":49},[622,628],{"text":623,"type":578,"marks":624},"Automakers and battery manufacturers in the west are increasingly pivoting towards LFP technology to lower production costs",[625],{"type":588,"attrs":626},{"href":627,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://source.benchmarkminerals.com/article/lges-lfp-commitment-grows-with-renault-group-battery-cell-deal",{"text":629,"type":578},", as technological improvements mean the iron-based cathode now rivals mid-nickel cathodes in terms of performance. LFP is also benefiting from the booming battery storage market in the US, as grid-scale installations are built to help integrate intermittent supplies of renewable energy.",{"type":573,"attrs":631,"content":632},{"textAlign":49},[633],{"type":634,"attrs":635},"image",{"id":49,"alt":636,"src":637,"title":49,"source":49,"copyright":49,"meta_data":638},"","https://lh7-rt.googleusercontent.com/docsz/AD_4nXfVEg3o-u45guP2-tx6uY3vCl9wgnzW47KMDJM1bTdyMn4zC0iZaeIexbnO_0cCvTWIYQ5oWkBz4CpMrRgsWAO47peGhvhQWaLcGSuK6y3NdE52pUpusdMjjsCGT0tH9OfHj67RVwDgrGIIb1yyIHUePQAn?key=3XrQm9-CdueG4-NkLRQcLA",{},{"type":600,"attrs":640,"content":641},{"level":602,"textAlign":49},[642],{"text":643,"type":578},"Where did the funding go?",{"type":573,"attrs":645,"content":646},{"textAlign":49},[647],{"text":648,"type":578},"To accelerate the build out of domestic LFP CAM capacity, the US DoE Office of Manufacturing and Energy Supply Chains (MESC) selected Mitra Chem and Li Industries for awards last week. ",{"type":573,"attrs":650,"content":651},{"textAlign":49},[652],{"text":653,"type":578},"The US Department of Defense (DoD) later followed suit with its own $12.9 million award to Nano One Materials, under the Defense Production Act Investments (DPAI) program, to boost Nano One’s LFP CAM facilities in Québec and British Columbia.",{"type":573,"attrs":655,"content":656},{"textAlign":49},[657,659,665,667,672,674],{"text":658,"type":578},"The DoE’s Office of Manufacturing and Energy Supply Chains (MESC) announced an investment of over $3 billion in its second round funding for 25 critical mineral and battery manufacturing projects, including an allocation ",{"text":660,"type":578,"marks":661},"of $450 million for projects",[662],{"type":588,"attrs":663},{"href":664,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://source.benchmarkminerals.com/article/dle-and-lithium-metal-projects-on-track-for-over-500-million-in-us-doe-funding",{"text":666,"type":578}," utilising ",{"text":668,"type":578,"marks":669},"direct lithium extraction (DLE)",[670],{"type":588,"attrs":671},{"href":664,"uuid":49,"anchor":49,"target":49,"linktype":591},{"text":673,"type":578}," technology and ",{"text":675,"type":578,"marks":676},"$145 million to advance the US nickel supply chain.",[677],{"type":588,"attrs":678},{"href":679,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://source.benchmarkminerals.com/article/doe-boosts-us-nickel-growth-but-supply-security-still-a-concern",{"type":573,"attrs":681,"content":682},{"textAlign":49},[683],{"text":684,"type":578,"marks":685},"The outcome of the US presidential election on November 5 will bring significant geopolitical consequences for the energy transition in the US and worldwide.",[686],{"type":687},"italic",{"type":573,"attrs":689,"content":690},{"textAlign":49},[691,695,702],{"text":692,"type":578,"marks":693},"Benchmark’s latest ",[694],{"type":687},{"text":696,"type":578,"marks":697},"Special Issue",[698,699],{"type":687},{"type":588,"attrs":700},{"href":701,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://source.benchmarkminerals.com/downloads/special-issues",{"text":703,"type":578,"marks":704}," explores the likely policy outcomes from a Harris or Trump presidency and how either administration could impact critical mineral and battery industries.",[705],{"type":687},{"type":573,"attrs":707,"content":708},{"textAlign":49},[709,713,717],{"text":710,"type":578,"marks":711},"Request Benchmark’s Special Issue",[712],{"type":687},{"text":714,"type":578,"marks":715}," – ",[716],{"type":687},{"text":718,"type":578,"marks":719},"Trump vs Harris: What is at stake?",[720,721],{"type":687},{"type":588,"attrs":722},{"href":701,"uuid":49,"anchor":49,"target":49,"linktype":591},"The US Department of Energy’s (DOE) selection of Mitra Chem and Li Industries for funding to support domestic lithium iron phosphate (LFP) cathode active material (CAM) production could boost the technology’s presence in the US. Benchmark analysis, however, indicates there will still be insufficient domestic capacity to meet future cell production. Cell makers have rushed […]",[725],{"slug":561,"name":562,"content":726},{"job_title":564,"image":727,"bio":567,"linkedin":568},{"filename":566},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"e320b59c-cc46-4c1e-a2c7-32ebe687bcf0\", \"id\": \"\"}-->","article",[731,734,736],{"slug":732,"name":733},"batteries","Batteries",{"slug":735,"name":298},"cathode",{"slug":737,"name":738},"geopolitics","Geopolitics","private",{"id":49,"alt":636,"name":636,"focus":636,"title":636,"source":636,"filename":741,"copyright":636,"fieldtype":742,"meta_data":743,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/7327243f53/bm-us-doe-dollars-1.jpg","asset",{"alt":636,"title":636,"source":636,"copyright":636},"Sep 26, 2024","26th September 2024",[],[],1781280261799]