Today, the U.S. Department of Energy (DOE) issued a $12 million Funding Opportunity Announcement (FOA) to support the extraction and conversion of lithium from geothermal brines to use in batteries for stationary storage and electric vehicles. This investment will support projects that strengthen and diversify the lithium supply chain—an important step on the path to achieving the Biden Administration’s goals of a net-zero clean energy economy by 2050 and 50% electric vehicle adoption by 2030.

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