{"id":1705797,"date":"2022-10-21T08:07:04","date_gmt":"2022-10-21T12:07:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1705797"},"modified":"2022-10-21T11:19:48","modified_gmt":"2022-10-21T15:19:48","slug":"biden-sends-530-million-to-two-massachusetts-ev-companies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-sends-530-million-to-two-massachusetts-ev-companies\/","title":{"rendered":"Biden Sends $530 Million to Two Massachusetts EV Companies"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-sends-530-million-to-two-massachusetts-ev-companies%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1705797&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/justthenews.com\/sites\/default\/files\/styles\/social_media_share\/public\/2022-07\/Joe%20Biden_0.jpg?h=790be497&#038;itok=jOPmvf0l\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>A pair of Massachusetts companies will benefit from the push to convert to electric vehicles.<\/p>\n<p>Ascend Elements and 6K Inc. were recipients Wednesday of more than <a href=\"https:\/\/www.markey.senate.gov\/news\/press-releases\/massachusetts-delegation-members-applaud-doeannouncement-ofhistoric-530-million-for-massachusetts-battery-makers-innovators\" target=\"_blank\" rel=\"noopener\">$530 million in federal funding<\/a> through a program designed to support battery manufacturing, recycling, and material processing for the electric vehicle market. Funding, $2.8 billion total, will go to 20 companies in 12 states.<\/p>\n<p>U.S. Democratic Sens. Edward J. Markey and Elizabeth Warren and U.S. Reps. Jim McGovern and Seth Moulton hailed the move that will support the companies based in North Andover and Westborough.<\/p>\n<p>\u201cMassachusetts ingenuity and innovation has and continues to inspire the next generation of climate solutions,\u201d the members of the Massachusetts delegation said in a release.<\/p>\n<p>The delegation, according to the release, said the move will support demand for electric vehicles and at the same time \u201csupport good-paying jobs.\u201d<\/p>\n<p>\u201cThis is truly a remarkable time for manufacturing in America, as President Biden\u2019s agenda and historic investments supercharge the private sector to ensure our clean energy future is American-made,\u201d U.S. Secretary of Energy Jennifer M. Granholm <a href=\"https:\/\/www.energy.gov\/articles\/biden-harris-administration-awards-28-billion-supercharge-us-manufacturing-batteries\" target=\"_blank\" rel=\"noopener\">said in a release<\/a>. \u201cProducing advanced batteries and components here at home will accelerate the transition away from fossil fuels to meet the strong demand for electric vehicles, creating more good-paying jobs across the country.\u201d<\/p>\n<p>The U.S. Department of Energy will allocate the funding through its Battery Materials Processing and Battery Component Manufacturing and Recycling program. Both programs are funded through the Bipartisan Infrastructure Law.<\/p>\n<p>Westborough-based Ascend Elements will receive $480 million that will be used to build a manufacturing plant where batteries will be recycled as raw material and reduce dependence on foreign suppliers.<\/p>\n<p>Funding, according to the release, will bolster developing enough battery-grade lithium to supply 2 million electric vehicles each year, and developing enough battery-grade graphite for 1.2 million electric vehicles each year. In addition, the program will work to produce battery-grade nickel for 400,000 electric vehicles.<\/p>\n<p>Based in North Andover, 6K Inc. is set to receive $50 million that will be used for a demonstration project eying domestically producing battery chemistries that will utilize microwave plasma processing technology, according to the release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A pair of Massachusetts companies will benefit from the push to convert to electric vehicles.Ascend Elements and 6K Inc. were recipients Wednesday of more than $530 million in federal funding<\/p>\n","protected":false},"author":1,"featured_media":1705800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1705797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1705797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1705797"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1705797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1705800"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1705797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1705797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1705797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}