Supply Chain Council of European Union | Scceu.org
Technology

Binghamton University-led battery initiative wins $113 million to bolster domestic battery manufacturing and supply chain, reinvigorate region

Newswise — BINGHAMTON, N.Y. — Binghamton University’s New Energy New York project has been awarded more than $113 million to establish a hub for battery technology innovation in upstate New York. The U.S. Economic Development Administration announced Friday that the region would receive $63.7 million; the State of New York will support the project with an additional $50 million.

In a news conference held this morning, President Joe Biden and Commerce Secretary Gina Raimondo spoke directly to the 21 grant recipients, including the New Energy New York leadership team.

“I applaud every community that received the grant and those that applied. You’re the reason I’m so optimistic about the future. There are nothing but possibilities here,” said Biden.

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