Financing, Grid and Mozambique

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Financing

Grid

Mozambique

DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

OCTOBER 20, 2022

billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. Construction is expected to begin in 2023, subject to permitting and project financing, with first production targeted for 2025. Of that, $1.6

Parts

Parts Battery Batteries Lithium Ion

BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

NOVEMBER 29, 2021

Automakers in Europe can lower their emissions by shortening the transport distance and capitalizing on the DRC’s hydroelectric powered grid and proximity to raw materials. However, the raw materials for batteries are, in most cases, imported into China from Africa and refined before being exported to Europe.

Africa

Africa Supplies Emissions Poland

EV Driven

DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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