U.S. President Joe Biden's signing of the Infrastructure Reduction Act (IRA) on Aug. 16 unlocked hundreds of billions of dollars in climate-related investments.
– Construction of $5.54 billion EV and battery plant in Savannah, Georgia, could start this year instead of January 2023.– Second new battery plant: Panasonic, an EV battery supplier to Tesla, is considering Oklahoma for its second new $4 billion battery plant. The first plant will be in Kansas.- Lithium refinery: EV giant Tesla is seeking approval in Texas to set up a lithium refinery.
Sparkz – More jobs: The battery startup in late August announced Taylor County, West Virginia, as the site of a future plant that will commercialize a zero-cobalt battery.- Lithium processing plant: The company said on Sept. 1 it will build a $600 million lithium processing plant in Etowah, Tennessee, that will begin production in 2025 with a target of 30,000 metric ton per year.* Solar Energy Industries Association and Wood Mackenzie project the U.S.
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