US to award $3 billion to 25 projects for battery manufacturing sector

URLhttps://www.reuters.com/business/energy/us-award-3
SourceReuters
Date Published09/20/2024
Author NameDavid Shepherdson

Additional Reshoring Information:

Company/Division name Honeywell Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):126.6
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Nonmetallic Mineral Products
Product(s) reshoredelectrolyte salt needed for lithium batteries
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$126.6 million
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