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Specifically, the President will sign an Executive Order that sets an ambitious
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DOE Funding Will Retrofit Existing Automotive Manufacturing Facilities Across the Country, Expand and Retain High-Paying Auto Manufacturing Jobs, and Bolster Domestic Supply Chains, Part of President Biden''s Investing in America Agenda to Create Not Just More Jobs But Good Jobs, Including Union Jobs
"President Biden is investing in the workforce and factories that made our country a global manufacturing powerhouse," said U.S. Secretary of Energy Jennifer M. Granholm. "Today''s announcements show that President Biden understands that building the cars of the future also necessitates helping the communities challenged by the transition away from the internal combustion engine."
Depending on their capital needs, manufacturers can apply to receive assistance via financial grants through DOE''s Office of Manufacturing and Energy Supply Chains (MESC) or preferable debt financing through DOE''s Loan Program Office.
Projects selected for this funding must also contribute to the President''s Justice40 Initiative, which aims to advance diversity, equity, inclusion, and accessibility in America''s workforce and ensure every community benefits from the transition to a clean energy future. This funding supports goals and targets detailed in the 100-day reviews under Executive Order 14017 "America''s Supply Chains and the Federal Consortium for Advanced Batteries'' National Blueprint for Lithium Batteries," which provides a path to building a strong domestic battery supply chain and accelerating the development of a robust, secure, and equitable domestic industrial base by 2030.
Concept papers are due October 2, 2023, and the deadline for full applications is December 7, 2023. Learn more about this funding opportunity.
Today''s announcements were made possible by President Biden''s Investing in America agenda, which is growing the American economy from the bottom up and middle-out by rebuilding our nation''s infrastructure, driving over $500 billion in private sector manufacturing and clean energy investments in the United States, creating good-paying jobs and supporting collective bargaining, and building a clean-energy economy that will combat the climate crisis and make our communities more resilient.
Both the conversion grant funding opportunity and battery manufacturing notice of intent will be administered by MESC. Learn more about MESC''s mission to strengthen and secure manufacturing and energy supply chains needed to modernize the nation''s energy infrastructure and support a clean and equitable energy transition. Conversion Project loans are made available by ATVM, administered by LPO. Learn more about ATVM projects and eligibility requirements.
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