Agency: Department of Energy – Energy Efficiency and Renewable Energy
Description:
The Lithium-Ion Recycling Prize is phased prize competition to develop and demonstrate processes to recycle lithium ion batteries.
Bill Section:
40207(e)
New or Existing:
Existing
Potential Cost:
$10,000,000
Timeline:
Available until expended
TCS Notes:
The Lithium-Ion Battery Recycling Prize Competition was launched in 2019. The IIJA appropriated $10 million to “to increase the number of winners of Phase III of the competition”, “to increase the amount awarded to each winner of Phase III of the competition”, and “to carry out any other activity that is consistent with the goals of Phase III of the competition.” DOE is using $2.4 million in IIJA funds to create the Breakthrough Contest, which will fall between Phase III and Phase IV, and $5 million for Phase IV.