Results for: DOE Funding

MetOx International, a leading U.S. manufacturer of high-temperature superconducting (HTS) wire, has secured $80 million in funding from the U.S. Department of Energy to build a state-of-the-art manufacturing facility in the southeastern United States. This project, dubbed ‘Project Arch,’ will be the first large-scale HTS wire production facility in the country and will create over 200 high-tech jobs. It signifies a significant leap forward in the development of clean energy infrastructure, with applications in renewable energy, electric vehicle charging, and hyperscale data centers.

Solid Power, Inc. (SLDP) stock is experiencing a surge on Friday after securing a potential $50 million grant from the U.S. Department of Energy. This funding, allocated through the Bipartisan Infrastructure Law, will support the development of a continuous manufacturing process for sulfide-based solid electrolyte materials, crucial for enhancing the performance of advanced all-solid-state batteries.